Verusaturk Girisim Sermayesi Yatirim Stock Forecast
Green day on Tuesday for Verusaturk Girisim Sermayesi Yatirim
(Updated on May 14, 2024)
The Verusaturk Girisim Sermayesi Yatirim stock price gained 0.0444% on the last trading day (Tuesday, 14th May 2024), rising from TRY 45.04 to TRY 45.06. During the last trading day the stock fluctuated 2.51% from a day low at TRY 44.58 to a day high of TRY 45.70. The price has fallen in 7 of the last 10 days and is down by -15.78% for this period. Volume fell on the last day by -34 thousand shares and in total, 1 million shares were bought and sold for approximately TRY 59.84 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.22% during the next 3 months and, with a 90% probability hold a price between TRY 38.66 and TRY 53.77 at the end of this 3-month period.
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VERTU.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 0.0444%. Further rise is indicated until a new top pivot has been found. 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. The Verusaturk Girisim Sermayesi Yatirim stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at TRY 49.90 and TRY 46.92. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Verusaturk Girisim Sermayesi Yatirim stock
Verusaturk Girisim Sermayesi Yatirim finds support from accumulated volume at TRY 45.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 1.12 between high and low, or 2.51%. For the last week, the stock has had daily average volatility of 4.32%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VERTU.IS) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect Verusaturk Girisim Sermayesi Yatirim Ortakligi A.S. to open at TRY 45.11, and during the day (based on 14 day Average True Range), to move between TRY 41.64 and TRY 48.48, which gives a possible trading interval of +/-TRY 3.42 (+/-7.58%) up or down from last closing price. If Verusaturk Girisim Sermayesi Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 15.16% 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 45.04 (0.04%) than the resistance at TRY 45.40 (0.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Verusaturk Girisim Sermayesi Yatirim Ortakligi A.S. stock A Buy?
Verusaturk Girisim Sermayesi Yatirim holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.632 Sell Candidate Unchanged
Predicted Opening Price for Verusaturk Girisim Sermayesi Yatirim Ortakligi A.S. of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| TRY 45.11 ( 0.118%) | TRY 45.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VERTU.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.23 | 2.60 % | |
| R2 | 45.81 | 1.65 % | ||
| R1 | 45.54 | 1.07 % | ||
| Current price: | 45.06 | |||
| Support | S1 | 44.69 | -0.83 % | |
| S2 | 44.42 | -1.42 % | ||
| S3 | 43.99 | -2.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 54.80 | 21.62 % | |
| R2 | 51.60 | 14.51 % | ||
| R1 | 45.40 | 0.755 % | ||
| Current price | 45.06 | |||
| Support | S1 | 45.04 | -0.0444% | |
| S2 | 43.54 | -3.37% | ||
| S3 | 42.50 | -5.68% |
FAQ
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