Vanet Gida Sanayi Iç Ve Dis Ticaret Stock Forecast

Evaluation of Vanet Gida Sanayi Iç Ve Dis Ticaret stock downgraded after the last trading session.
(Updated on May 13, 2024)

VANGD.IS Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 8.70%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Vanet Gida Sanayi Iç Ve Dis Ticaret 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 22.07. On a fall, the stock will find some support from the short-term average at TRY 21.70. 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.

Support, Risk & Stop-loss for Vanet Gida Sanayi Iç Ve Dis Ticaret stock

Vanet Gida Sanayi Iç Ve Dis Ticaret finds support from accumulated volume at TRY 20.90 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 1.90 between high and low, or 9.02%. For the last week, the stock has had daily average volatility of 5.56%.

Our recommended stop-loss: TRY 20.53 (-5.57%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 22 days ago.)

Trading Expectations (VANGD.IS) For The Upcoming Trading Day Of Tuesday 14th

For the upcoming trading day on Tuesday, 14th we expect Vanet Gida Sanayi Iç Ve Dis Ticaret Anonim Sirketi to open at TRY 21.92, and during the day (based on 14 day Average True Range), to move between TRY 20.33 and TRY 23.15, which gives a possible trading interval of +/-TRY 1.41 (+/-6.47%) up or down from last closing price. If Vanet Gida Sanayi Iç Ve Dis Ticaret Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 12.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at TRY 20.90 (3.86%) than the resistance at TRY 22.96 (5.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Vanet Gida Sanayi Iç Ve Dis Ticaret Anonim Sirketi stock A Buy?

Vanet Gida Sanayi Iç Ve Dis Ticaret holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.382 Hold/Accumulate Downgraded

Predicted Opening Price for Vanet Gida Sanayi Iç Ve Dis Ticaret Anonim Sirketi of Tuesday, May 14, 2024

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