VBT Yazilim Anonim Sirketi Stock Forecast
VBT Yazilim Anonim Sirketi stock upgraded to Hold/Accumulate.
(Updated on May 10, 2024)
The VBT Yazilim Anonim Sirketi stock price fell by -2.99% on the last day (Friday, 10th May 2024) from TRY 36.12 to TRY 35.04. During the last trading day the stock fluctuated 4.03% from a day low at TRY 34.72 to a day high of TRY 36.12. The price has fallen in 6 of the last 10 days and is down by -3.52% for this period. 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 -2 million shares and in total, 2 million shares were bought and sold for approximately TRY 84.13 million.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is TRY 28.47, a level that may pose a second chance to hit a runner. According to fan-theory TRY 58.47 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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VBTYZ.IS Signals & Forecast
The VBT Yazilim Anonim Sirketi stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 35.25. On a fall, the stock will find some support from the long-term average at approximately TRY 34.50. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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, February 27, 2024, and so far it has fallen -28.37%. 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 VBT Yazilim Anonim Sirketi stock
VBT Yazilim Anonim Sirketi finds support from accumulated volume at TRY 34.30 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 1.40 between high and low, or 4.03%. For the last week, the stock has had daily average volatility of 5.58%.
Our recommended stop-loss: TRY 33.01 (-5.80%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 48 days ago.)
Trading Expectations (VBTYZ.IS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect VBT Yazilim Anonim Sirketi to open at TRY 35.29, and during the day (based on 14 day Average True Range), to move between TRY 32.48 and TRY 37.60, which gives a possible trading interval of +/-TRY 2.56 (+/-7.32%) up or down from last closing price. If VBT Yazilim Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 14.63% 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 34.30 (2.11%) than the resistance at TRY 41.40 (18.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is VBT Yazilim Anonim Sirketi stock A Buy?
VBT Yazilim Anonim Sirketi 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.562 Hold/Accumulate Upgraded
Predicted Opening Price for VBT Yazilim Anonim Sirketi of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| TRY 35.29 ( 0.723%) | TRY 35.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VBTYZ.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.69 | 4.72 % | |
| R2 | 36.16 | 3.19 % | ||
| R1 | 35.83 | 2.25 % | ||
| Current price: | 35.04 | |||
| Support | S1 | 34.76 | -0.80 % | |
| S2 | 34.43 | -1.75 % | ||
| S3 | 33.89 | -3.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.86 | 22.32 % | |
| R2 | 41.48 | 18.38 % | ||
| R1 | 41.40 | 18.15 % | ||
| Current price | 35.04 | |||
| Support | S1 | 34.30 | -2.11% | |
| S2 | 33.66 | -3.94% | ||
| S3 | 33.16 | -5.37% |
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