Verusa Holding A.S. Stock Forecast
Volatile ride for Verusa Holding A.S. stock price on Thursday moving between TRY 262.00 and TRY 289.50
(Updated on Apr 18, 2024)
The Verusa Holding A.S. stock price gained 9.97% on the last trading day (Thursday, 18th Apr 2024), rising from TRY 263.25 to TRY 289.50. During the last trading day the stock fluctuated 10.50% from a day low at TRY 262.00 to a day high of TRY 289.50. The price has risen in 7 of the last 10 days and is up by 20.42% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 83 thousand shares were bought and sold for approximately TRY 23.91 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.56% during the next 3 months and, with a 90% probability hold a price between TRY 244.46 and TRY 332.85 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
VERUS.IS Signals & Forecast
Mostly positive signals in the chart today. The Verusa 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 256.90 and TRY 256.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 24.68%. 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.
Support, Risk & Stop-loss for Verusa Holding A.S. stock
Verusa Holding A.S. finds support from accumulated volume at TRY 280.00 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 27.50 between high and low, or 10.50%. For the last week, the stock has had daily average volatility of 8.08%.
Our recommended stop-loss: TRY 279.37 (-3.50%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (VERUS.IS) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Verusa Holding A.S. to open at TRY 280.33, and during the day (based on 14 day Average True Range), to move between TRY 276.34 and TRY 302.66, which gives a possible trading interval of +/-TRY 13.16 (+/-4.54%) up or down from last closing price. If Verusa Holding A.S. takes out the full calculated possible swing range there will be an estimated 9.09% 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 296.25 (2.33%) than the support at TRY 280.00 (3.28%), 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 Verusa Holding A.S. stock A Buy?
Verusa Holding A.S. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.548 Strong Buy Candidate Upgraded
Predicted Opening Price for Verusa Holding A.S. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| TRY 280.33 ( 3.17%) | TRY 289.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VERUS.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 307.83 | 6.33 % | |
| R2 | 297.33 | 2.70 % | ||
| R1 | 290.84 | 0.462 % | ||
| Current price: | 289.50 | |||
| Support | S1 | 269.83 | -6.80 % | |
| S2 | 263.34 | -9.04 % | ||
| S3 | 252.83 | -12.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 309.00 | 6.74 % | |
| R2 | 301.75 | 4.23 % | ||
| R1 | 296.25 | 2.33 % | ||
| Current price | 289.50 | |||
| Support | S1 | 280.00 | -3.28% | |
| S2 | 279.25 | -3.54% | ||
| S3 | 230.00 | -20.55% |
FAQ
Click here for our free guide on how to buy Verusa Holding A.S. Stock.
