RSI low/high Values: [ 25 - 75 ]
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Tümosan Motor ve Traktör Sanayi A.S. stock price up more than 10.00% on Thursday
(Updated on Mar 28, 2024)

Buy or Hold candidate since Jan 25, 2024 Gain 77.58% PDF

The Tümosan Motor ve Traktör Sanayi A.S. stock price gained 10.00% on the last trading day (Thursday, 28th Mar 2024), rising from TRY 144.00 to TRY 158.40. During the last trading day the stock fluctuated 8.49% from a day low at TRY 146.00 to a day high of TRY 158.40. The price has fallen in 6 of the last 10 days but is still up by 3.12% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately TRY 692.17 million.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 97.74% during the next 3 months and, with a 90% probability hold a price between TRY 285.89 and TRY 385.12 at the end of this 3-month period.

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TMSN.IS Signals & Forecast

The Tümosan Motor ve Traktör Sanayi A.S. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at TRY 150.03 and TRY 143.29. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -9.43%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Tümosan Motor ve Traktör Sanayi A.S. stock

Tümosan Motor ve Traktör Sanayi A.S. finds support from accumulated volume at TRY 152.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved TRY 12.40 between high and low, or 8.49%. For the last week, the stock has had daily average volatility of 7.58%.

Our recommended stop-loss: TRY 149.97 (-5.32%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 13 days ago.)

Trading Expectations (TMSN.IS) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Tümosan Motor ve Traktör Sanayi A.S. to open at TRY 154.27, and during the day (based on 14 day Average True Range), to move between TRY 146.39 and TRY 170.41, which gives a possible trading interval of +/-TRY 12.01 (+/-7.58%) up or down from last closing price. If Tümosan Motor ve Traktör Sanayi A.S. takes out the full calculated possible swing range there will be an estimated 15.16% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at TRY 152.00 (4.04%) than the resistance at TRY 165.50 (4.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Tümosan Motor ve Traktör Sanayi A.S. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Tümosan Motor ve Traktör Sanayi A.S. stock to perform well in the short-term.

Current score: 4.416 Buy Candidate Unchanged

Predicted Opening Price for Tümosan Motor ve Traktör Sanayi A.S. of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
TRY 154.27 ( 2.61%) TRY 158.40

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for TMSN.IS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 166.67 5.22 %
R2 161.93 2.23 %
R1 159.00 0.381 %
Current price: 158.40
Support S1 149.53 -5.60 %
S2 146.60 -7.45 %
S3 141.87 -10.44 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 174.90 10.42 %
R2 169.20 6.82 %
R1 165.50 4.48 %
Current price 158.40
Support S1 152.00 -4.04%
S2 149.00 -5.93%
S3 144.00 -9.09%

FAQ

What is the symbol for Tümosan Motor ve Traktör Sanayi A.S. Stock and on which exchange is it traded?
The symbol for Tümosan Motor ve Traktör Sanayi A.S. is TMSN.IS and it is traded on the BIST (Istanbul Stock Exchange).

Should I buy or sell Tümosan Motor ve Traktör Sanayi A.S. Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Tümosan Motor ve Traktör Sanayi A.S. stock to perform well in the short-term.

How to buy Tümosan Motor ve Traktör Sanayi A.S. Stock?
Tümosan Motor ve Traktör Sanayi A.S. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Tümosan Motor ve Traktör Sanayi A.S. Stock.

What's the current price of Tümosan Motor ve Traktör Sanayi A.S. Stock?
As of the end of day on the 2024-03-28, the price of an Tümosan Motor ve Traktör Sanayi A.S. (TMSN.IS) share was TRY 158.40.

What is the 52-week high and low for Tümosan Motor ve Traktör Sanayi A.S. Stock?
The 52-week high for Tümosan Motor ve Traktör Sanayi A.S. Stock is TRY 182.80 and the 52-week low is TRY 36.00.
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About Tümosan Motor ve Traktör Sanayi A.S.

Tümosan Motor ve Traktör Sanayi A.S. Tümosan Motor ve Traktör Sanayi A.S. engages in the production, marketing, and sale of diesel engines and tractors in Turkey and internationally. The company's diesel engines are used in tractors, automotive and cleaning equipment, generators, and marine vehicles. It also offers agricultural equipment, including front loaders, balers, mixer feeders, rotary power harrows, mulchers, fertilizer spreaders, pneumatic seed drills, inter row cultivato... TMSN.IS Profile

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