Tureks Turizm Tasimacilik Anonim Sirketi Stock Forecast

Tureks Turizm Tasimacilik Anonim Sirketi stock price down 0% on Friday
(Updated on Jun 28, 2024)

TUREX.IS Signals & Forecast

There are few to no technical positive signals at the moment. The Tureks Turizm Tasimacilik Anonim Sirketi stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at TRY 64.72. On a fall, the stock will find some support from the short-term average at TRY 62.24. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -11.02%. 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 fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

Support, Risk & Stop-loss for Tureks Turizm Tasimacilik Anonim Sirketi stock

Tureks Turizm Tasimacilik Anonim Sirketi finds support from accumulated volume at TRY 62.00 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 2.30 between high and low, or 3.69%. For the last week, the stock has had daily average volatility of 7.83%.

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

Trading Expectations (TUREX.IS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Tureks Turizm Tasimacilik Anonim Sirketi to open at TRY 63.63, and during the day (based on 14 day Average True Range), to move between TRY 60.08 and TRY 67.52, which gives a possible trading interval of +/-TRY 3.72 (+/-5.84%) up or down from last closing price. If Tureks Turizm Tasimacilik Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 11.67% 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 64.80 (1.57%) than the support at TRY 62.00 (2.82%), 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.

Is Tureks Turizm Tasimacilik Anonim Sirketi stock A Buy?

The Tureks Turizm Tasimacilik Anonim Sirketi stock holds several negative signals and despite the positive trend, we believe Tureks Turizm Tasimacilik Anonim Sirketi will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.630 Sell Candidate Unchanged

Predicted Opening Price for Tureks Turizm Tasimacilik Anonim Sirketi of Monday, July 1, 2024

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