Umpas Holding A.S. Stock Forecast

Umpas Holding A.S. stock price down 2.11% on Tuesday
(Updated on May 28, 2024)

UMPAS.IS Signals & Forecast

The Umpas Holding 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 13.67 and TRY 12.95. A breakdown below any of these levels will issue sell signals. 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 08, 2024, and so far it has fallen -13.02%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Umpas Holding A.S. stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 12.90 and TRY 12.70. 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, Umpas Holding A.S. finds support just below today's level at TRY 12.90. If this is broken, then the next support from accumulated volume will be at TRY 12.70 and TRY 12.21.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved TRY 0.400 between high and low, or 2.96%. For the last week the stock has had daily average volatility of 5.18%.

Our recommended stop-loss: TRY 13.19 (-5.10%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 23 days ago.)

Trading Expectations (UMPAS.IS) For The Upcoming Trading Day Of Wednesday 29th

For the upcoming trading day on Wednesday, 29th we expect Umpas Holding A.S. to open at TRY 13.77, and during the day (based on 14 day Average True Range), to move between TRY 13.12 and TRY 14.68, which gives a possible trading interval of +/-TRY 0.783 (+/-5.63%) up or down from last closing price. If Umpas Holding A.S. takes out the full calculated possible swing range there will be an estimated 11.27% 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 13.98 (0.58%) than the support at TRY 12.90 (7.19%), 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 Umpas Holding 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 Umpas Holding A.S. stock to perform well in the short-term.

Current score: 2.415 Buy Candidate Unchanged

Predicted Opening Price for Umpas Holding A.S. of Wednesday, May 29, 2024

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