Uzertas Boya Sanayi Ticaret ve Yatirim Stock Forecast

Strong day for Uzertas Boya Sanayi Ticaret ve Yatirim stock price on Friday rising 6.39% to TRY 782.00
(Updated on Jun 28, 2024)

UZERB.IS Signals & Forecast

The Uzertas Boya Sanayi Ticaret ve Yatirim stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at TRY 759.00 and TRY 767.56. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Friday, May 03, 2024, and so far it has fallen -29.61%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Uzertas Boya Sanayi Ticaret ve Yatirim stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 672.00 and TRY 656.50. 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, Uzertas Boya Sanayi Ticaret ve Yatirim finds support just below today's level at TRY 672.00. If this is broken, then the next support from accumulated volume will be at TRY 656.50 and TRY 619.50.

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 52.00 between high and low, or 6.84%. For the last week, the stock has had daily average volatility of 6.06%.

Our recommended stop-loss: TRY 739.46 (-5.44%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 53 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Uzertas Boya Sanayi Ticaret ve Yatirim A.S. to open at TRY 784.67, and during the day (based on 14 day Average True Range), to move between TRY 726.07 and TRY 837.93, which gives a possible trading interval of +/-TRY 55.93 (+/-7.15%) up or down from last closing price. If Uzertas Boya Sanayi Ticaret ve Yatirim A.S. takes out the full calculated possible swing range there will be an estimated 14.30% 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 812.50 (3.90%) than the support at TRY 672.00 (14.07%), 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 Uzertas Boya Sanayi Ticaret ve Yatirim 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 Uzertas Boya Sanayi Ticaret ve Yatirim stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.331 Buy Candidate Upgraded

Predicted Opening Price for Uzertas Boya Sanayi Ticaret ve Yatirim A.S. of Monday, July 1, 2024

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