Zedur Enerji Elektrik Üretim Anonim Stock Forecast

Volatile ride for Zedur Enerji Elektrik Üretim Anonim stock price on Friday moving between TRY 106.30 and TRY 126.70
(Updated on May 10, 2024)

ZEDUR.IS Signals & Forecast

The Zedur Enerji Elektrik Üretim Anonim 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 99.44 and TRY 84.86. 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 Thursday, May 09, 2024, and so far it has fallen -0.434%. 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 Zedur Enerji Elektrik Üretim Anonim stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 104.80 and TRY 99.70. 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, Zedur Enerji Elektrik Üretim Anonim finds support just below today's level at TRY 104.80. If this is broken, then the next support from accumulated volume will be at TRY 99.70 and TRY 94.70.

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 20.40 between high and low, or 19.19%. For the last week, the stock has had daily average volatility of 11.18%.

The Zedur Enerji Elektrik Üretim Anonim stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: TRY 111.80 (-2.52%) (This stock has high daily movements and this gives high risk. The RSI14 is 82 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (ZEDUR.IS) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Zedur Enerji Elektrik Üretim Anonim Sirketi to open at TRY 115.90, and during the day (based on 14 day Average True Range), to move between TRY 107.78 and TRY 121.62, which gives a possible trading interval of +/-TRY 6.92 (+/-6.04%) up or down from last closing price. If Zedur Enerji Elektrik Üretim Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 12.07% 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 115.20 (0.44%) than the support at TRY 104.80 (8.63%), 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 Zedur Enerji Elektrik Üretim 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 Zedur Enerji Elektrik Üretim Anonim stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.962 Buy Candidate Upgraded

Predicted Opening Price for Zedur Enerji Elektrik Üretim Anonim Sirketi of Monday, May 13, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.