Vestel Elektronik Sanayi ve Ticaret Stock Forecast
Vestel Elektronik Sanayi ve Ticaret stock price down 0.778% on Friday
(Updated on May 10, 2024)
The Vestel Elektronik Sanayi ve Ticaret stock price fell by -0.778% on the last day (Friday, 10th May 2024) from TRY 102.80 to TRY 102.00. During the last trading day the stock fluctuated 4.78% from a day low at TRY 100.40 to a day high of TRY 105.20. The price has been going up and down for this period, and there has been a 20.71% gain for the last 2 weeks. Volume has increased on the last day by 767 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 16 million shares were bought and sold for approximately TRY 1.60 billion.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at TRY 104.72 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 11.27% during the next 3 months and, with a 90% probability hold a price between TRY 90.74 and TRY 116.51 at the end of this 3-month period.
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VESTL.IS Signals & Forecast
The Vestel Elektronik Sanayi ve Ticaret 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 97.76 and TRY 87.03. 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). 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 Wednesday, May 08, 2024, and so far it has fallen -0.97%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Vestel Elektronik Sanayi ve Ticaret stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 84.45 and TRY 83.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Vestel Elektronik Sanayi ve Ticaret finds support just below today's level at TRY 84.45. If this is broken, then the next support from accumulated volume will be at TRY 83.00 and TRY 82.00.
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 4.80 between high and low, or 4.78%. For the last week, the stock has had daily average volatility of 8.18%.
Our recommended stop-loss: TRY 98.85 (-3.09%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (VESTL.IS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi to open at TRY 102.53, and during the day (based on 14 day Average True Range), to move between TRY 96.20 and TRY 107.80, which gives a possible trading interval of +/-TRY 5.80 (+/-5.69%) up or down from last closing price. If Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 11.38% 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 102.80 (0.78%) than the support at TRY 84.45 (17.21%), 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.
Earnings coming up
Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.74% in the first trading day after earnings release.
Is Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Vestel Elektronik Sanayi ve Ticaret stock to perform well in the short-term.
Current score: 3.448 Buy Candidate Unchanged
Predicted Opening Price for Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| TRY 102.53 ( 0.523%) | TRY 102.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VESTL.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 107.33 | 5.23 % | |
| R2 | 105.50 | 3.43 % | ||
| R1 | 104.37 | 2.32 % | ||
| Current price: | 102.00 | |||
| Support | S1 | 100.70 | -1.27 % | |
| S2 | 99.57 | -2.39 % | ||
| S3 | 97.73 | -4.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 103.00 | 0.98 % | ||
| R1 | 102.80 | 0.784 % | ||
| Current price | 102.00 | |||
| Support | S1 | 84.45 | -17.21% | |
| S2 | 83.00 | -18.63% | ||
| S3 | 82.00 | -19.61% |
VESTL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 30, 2021 | Nov 30, 2021 | Nov 30, 2021 | TRY 2.35 | 8.37% |
| 2 | Sep 30, 2021 | Sep 30, 2021 | Sep 30, 2021 | TRY 2.35 | 8.92% |
| 3 | Jul 30, 2021 | Jul 30, 2021 | Jul 30, 2021 | TRY 2.35 | 7.86% |
FAQ
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