Türkiye Petrol Rafinerileri A.S. Stock Forecast
Türkiye Petrol Rafinerileri A.S. stock price ended at TRY 180.80 on Thursday, after losing 0.386%.
(Updated on May 16, 2024)
The Türkiye Petrol Rafinerileri A.S. stock price fell by -0.386% on the last day (Thursday, 16th May 2024) from TRY 181.50 to TRY 180.80. It has now fallen 10 days in a row. During the last trading day the stock fluctuated 1.73% from a day low at TRY 179.50 to a day high of TRY 182.60. The price has fallen in 10 of the last 10 days and is down by -11.37% for this period. Volume has increased on the last day by 6 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 26 million shares were bought and sold for approximately TRY 4.63 billion.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 178.28 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 19.68% during the next 3 months and, with a 90% probability hold a price between TRY 213.37 and TRY 251.28 at the end of this 3-month period.
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TUPRS.IS Signals & Forecast
There are few to no technical positive signals at the moment. The Türkiye Petrol Rafinerileri A.S. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at TRY 185.67 and TRY 184.52. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -11.37%. 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). 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 Türkiye Petrol Rafinerileri A.S. stock
Türkiye Petrol Rafinerileri A.S. finds support from accumulated volume at TRY 173.00 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 3.10 between high and low, or 1.73%. For the last week, the stock has had daily average volatility of 2.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TUPRS.IS) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Türkiye Petrol Rafinerileri A.S. to open at TRY 180.97, and during the day (based on 14 day Average True Range), to move between TRY 175.44 and TRY 186.16, which gives a possible trading interval of +/-TRY 5.36 (+/-2.96%) up or down from last closing price. If Türkiye Petrol Rafinerileri A.S. takes out the full calculated possible swing range there will be an estimated 5.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at TRY 186.00 (2.88%) than the support at TRY 173.00 (4.31%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Türkiye Petrol Rafinerileri A.S. will release earnings BMO on Wednesday, May 22, 2024.The consensus among the analysts for the expected earnings (EPS) is $4.62. We will update the financials statements for Türkiye Petrol Rafinerileri A.S., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.49% in the first trading day after earnings release.
Is Türkiye Petrol Rafinerileri A.S. stock A Buy?
The Türkiye Petrol Rafinerileri A.S. stock holds several negative signals and despite the positive trend, we believe Türkiye Petrol Rafinerileri A.S. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.824 Sell Candidate Unchanged
Predicted Opening Price for Türkiye Petrol Rafinerileri A.S. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| TRY 180.97 ( 0.0922%) | TRY 180.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TUPRS.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 184.07 | 1.81 % | |
| R2 | 182.88 | 1.15 % | ||
| R1 | 182.15 | 0.747 % | ||
| Current price: | 180.80 | |||
| Support | S1 | 179.78 | -0.563 % | |
| S2 | 179.05 | -0.97 % | ||
| S3 | 177.87 | -1.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 204.00 | 12.83 % | |
| R2 | 189.90 | 5.03 % | ||
| R1 | 186.00 | 2.88 % | ||
| Current price | 180.80 | |||
| Support | S1 | 173.00 | -4.31% | |
| S2 | 169.00 | -6.53% | ||
| S3 | 165.20 | -8.63% |
TUPRS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 03, 2024 | Apr 03, 2024 | Apr 05, 2024 | TRY 10.38 | 5.78% |
| 2 | Sep 29, 2023 | Sep 29, 2023 | Sep 29, 2023 | TRY 7.53 | 4.73% |
| 3 | Mar 10, 2023 | Mar 10, 2023 | Mar 10, 2023 | TRY 6.49 | 7.77% |
| 4 | Mar 28, 2019 | Mar 28, 2019 | Mar 28, 2019 | TRY 2.16 | 12.07% |
| 5 | Mar 29, 2018 | Mar 29, 2018 | Mar 29, 2018 | TRY 1.94 | 12.38% |
FAQ
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