Ulusoy Elektrik Imalat Taahhüt ve Stock Forecast
Stronger technical forecast for Ulusoy Elektrik Imalat Taahhüt ve stock price after Thursday trading.
(Updated on May 02, 2024)
The Ulusoy Elektrik Imalat Taahhüt ve stock price fell by -4.34% on the last day (Thursday, 2nd May 2024) from TRY 202.80 to TRY 194.00. During the last trading day the stock fluctuated 8.30% from a day low at TRY 191.50 to a day high of TRY 207.40. The price has risen in 7 of the last 10 days and is up by 16.52% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -297 thousand shares and in total, 327 thousand shares were bought and sold for approximately TRY 63.45 million.
The stock lies in the middle of a very wide and weak 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 9.91% during the next 3 months and, with a 90% probability hold a price between TRY 175.11 and TRY 227.08 at the end of this 3-month period.
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ULUSE.IS Signals & Forecast
The Ulusoy Elektrik Imalat Taahhüt ve 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 189.07 and TRY 175.47. A breakdown below any of these levels will issue sell signals. 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 Tuesday, April 30, 2024, and so far it has fallen -4.34%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Ulusoy Elektrik Imalat Taahhüt ve stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 182.00 and TRY 178.30. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Ulusoy Elektrik Imalat Taahhüt ve finds support just below today's level at TRY 182.00. If this is broken, then the next support from accumulated volume will be at TRY 178.30 and TRY 168.40.
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 15.90 between high and low, or 8.30%. For the last week, the stock has had daily average volatility of 7.38%.
Our recommended stop-loss: TRY 183.89 (-5.21%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (ULUSE.IS) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Ulusoy Elektrik Imalat Taahhüt ve Ticaret A.S. to open at TRY 197.63, and during the day (based on 14 day Average True Range), to move between TRY 181.58 and TRY 206.42, which gives a possible trading interval of +/-TRY 12.42 (+/-6.40%) up or down from last closing price. If Ulusoy Elektrik Imalat Taahhüt ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 12.80% 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 196.00 (1.03%) than the support at TRY 182.00 (6.19%), 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 Ulusoy Elektrik Imalat Taahhüt ve Ticaret 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 Ulusoy Elektrik Imalat Taahhüt ve stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.492 Buy Candidate Upgraded
Predicted Opening Price for Ulusoy Elektrik Imalat Taahhüt ve Ticaret A.S. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| TRY 197.63 ( 1.87%) | TRY 194.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ULUSE.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 213.53 | 10.07 % | |
| R2 | 207.46 | 6.94 % | ||
| R1 | 203.71 | 5.00 % | ||
| Current price: | 194.00 | |||
| Support | S1 | 191.56 | -1.26 % | |
| S2 | 187.81 | -3.19 % | ||
| S3 | 181.73 | -6.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 202.80 | 4.54 % | ||
| R1 | 196.00 | 1.03 % | ||
| Current price | 194.00 | |||
| Support | S1 | 182.00 | -6.19% | |
| S2 | 178.30 | -8.09% | ||
| S3 | 168.40 | -13.20% |
ULUSE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 31, 2018 | Jul 31, 2018 | Jul 31, 2018 | TRY 0.327 | 2.97% |
| 2 | Sep 06, 2017 | Sep 06, 2017 | Sep 06, 2017 | TRY 0.228 | 2.88% |
| 3 | Aug 31, 2017 | Aug 31, 2017 | Aug 31, 2017 | TRY 0.456 | 5.59% |
| 4 | Dec 15, 2016 | Dec 15, 2016 | Dec 15, 2016 | TRY 0.0859 | 2.23% |
| 5 | Jun 29, 2015 | Jun 29, 2015 | Jun 29, 2015 | TRY 0.285 | 6.19% |
FAQ
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