Tugçelik Alüminyum Ve Metal Mamulleri Stock Forecast

Evaluation of Tugçelik Alüminyum Ve Metal Mamulleri stock downgraded after the last trading session.
(Updated on May 21, 2024)

TUCLK.IS Signals & Forecast

The Tugçelik Alüminyum Ve Metal Mamulleri stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 14.21. On a fall, the stock will find some support from the long-term average at approximately TRY 12.49. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Wednesday, May 15, 2024, and so far it has fallen -6.94%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Tugçelik Alüminyum Ve Metal Mamulleri stock

Tugçelik Alüminyum Ve Metal Mamulleri finds support from accumulated volume at TRY 13.83 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved TRY 0.86 between high and low, or 6.44%. For the last week, the stock has had daily average volatility of 6.38%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (TUCLK.IS) For The Upcoming Trading Day Of Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect Tugçelik Alüminyum Ve Metal Mamulleri Sanayi Ve Ticaret A.S. to open at TRY 13.84, and during the day (based on 14 day Average True Range), to move between TRY 13.13 and TRY 14.77, which gives a possible trading interval of +/-TRY 0.82 (+/-5.89%) up or down from last closing price. If Tugçelik Alüminyum Ve Metal Mamulleri Sanayi Ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 11.78% 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 13.83 (0.86%) than the resistance at TRY 14.19 (1.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Tugçelik Alüminyum Ve Metal Mamulleri Sanayi Ve Ticaret A.S. stock A Buy?

Tugçelik Alüminyum Ve Metal Mamulleri holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.389 Sell Candidate Downgraded

Predicted Opening Price for Tugçelik Alüminyum Ve Metal Mamulleri Sanayi Ve Ticaret A.S. of Wednesday, May 22, 2024

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