Zedur Enerji Elektrik Üretim Anonim Stock Forecast

High volatility in Zedur Enerji Elektrik Üretim Anonim stock price on Friday which ended trading at TRY 13.41
(Updated on May 24, 2024)

ZEDUR.IS Signals & Forecast

There are few to no technical positive signals at the moment. The Zedur Enerji Elektrik Üretim Anonim 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 100.09 and TRY 91.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -89.74%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved TRY 2.10 between high and low, or 15.71%. For the last week, the stock has had daily average volatility of 13.07%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ZEDUR.IS) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect Zedur Enerji Elektrik Üretim Anonim Sirketi to open at TRY 14.08, and during the day (based on 14 day Average True Range), to move between -TRY 2.08 and TRY 28.90, which gives a possible trading interval of +/-TRY 15.49 (+/-115.54%) 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 231.09% move between the lowest and the highest trading price during the day.

Is Zedur Enerji Elektrik Üretim Anonim Sirketi stock A Buy?

The Zedur Enerji Elektrik Üretim Anonim stock holds several negative signals and despite the positive trend, we believe Zedur Enerji Elektrik Üretim Anonim will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -2.563 Sell Candidate Downgraded

Predicted Opening Price for Zedur Enerji Elektrik Üretim Anonim Sirketi of Monday, May 27, 2024

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