Verusa Holding A.S. Stock Forecast
Verusa Holding A.S. stock price ended at TRY 285.75 on Tuesday, after gaining 3.44%.
(Updated on Apr 30, 2024)
The Verusa Holding A.S. stock price gained 3.44% on the last trading day (Tuesday, 30th Apr 2024), rising from TRY 276.25 to TRY 285.75. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.84% from a day low at TRY 274.00 to a day high of TRY 287.25. The price has been going up and down for this period, and there has been a 13.62% gain for the last 2 weeks. Volume fell on the last day by -13 thousand shares and in total, 119 thousand shares were bought and sold for approximately TRY 34.12 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 is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Verusa Holding A.S. stock with a 90% probability to be traded between TRY 231.23 and TRY 307.23 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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VERUS.IS Signals & Forecast
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 273.75 and TRY 257.56. 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 Thursday, April 18, 2024, and so far it has fallen -1.30%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Verusa Holding A.S. stock
Verusa Holding A.S. finds support from accumulated volume at TRY 283.50 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 13.25 between high and low, or 4.84%. For the last week, the stock has had daily average volatility of 5.20%.
Our recommended stop-loss: TRY 276.22 (-3.34%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (VERUS.IS) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Verusa Holding A.S. to open at TRY 282.33, and during the day (based on 14 day Average True Range), to move between TRY 271.26 and TRY 300.24, which gives a possible trading interval of +/-TRY 14.49 (+/-5.07%) 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 10.14% 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 283.50 (0.79%) than the resistance at TRY 296.25 (3.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Verusa Holding A.S. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Verusa Holding A.S. stock to perform well in the short-term period.
Current score: 4.120 Buy Candidate Unchanged
Predicted Opening Price for Verusa Holding A.S. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| TRY 282.33 ( 1.20%) | TRY 285.75 |
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 | 295.58 | 3.44 % | |
| R2 | 290.52 | 1.67 % | ||
| R1 | 287.39 | 0.576 % | ||
| Current price: | 285.75 | |||
| Support | S1 | 277.27 | -2.97 % | |
| S2 | 274.14 | -4.06 % | ||
| S3 | 269.08 | -5.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 309.00 | 8.14 % | |
| R2 | 301.75 | 5.60 % | ||
| R1 | 296.25 | 3.67 % | ||
| Current price | 285.75 | |||
| Support | S1 | 283.50 | -0.787% | |
| S2 | 280.00 | -2.01% | ||
| S3 | 279.25 | -2.27% |
FAQ
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