Zedur Enerji Elektrik Üretim Anonim Stock Forecast
Stronger technical forecast for Zedur Enerji Elektrik Üretim Anonim stock price after Thursday trading.
(Updated on Jun 06, 2024)
The Zedur Enerji Elektrik Üretim Anonim stock price gained 2.33% on the last trading day (Thursday, 6th Jun 2024), rising from TRY 10.72 to TRY 10.97. During the last trading day the stock fluctuated 7.10% from a day low at TRY 10.84 to a day high of TRY 11.61. The price has fallen in 8 of the last 10 days and is down by -89.43% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately TRY 64.75 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 10.10 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -23.37% during the next 3 months and, with a 90% probability hold a price between TRY 7.74 and TRY 93.51 at the end of this 3-month period.
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ZEDUR.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 2.33%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at TRY 11.38 and TRY 73.95. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Zedur Enerji Elektrik Üretim Anonim stock
Zedur Enerji Elektrik Üretim Anonim finds support from accumulated volume at TRY 10.72 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 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 0.770 between high and low, or 7.10%. For the last week, the stock has had daily average volatility of 6.74%.
Zedur Enerji Elektrik Üretim Anonim is oversold on RSI14 (1). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
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 Friday 7th
For the upcoming trading day on Friday, 7th we expect Zedur Enerji Elektrik Üretim Anonim Sirketi to open at TRY 11.14, and during the day (based on 14 day Average True Range), to move between TRY 2.52 and TRY 19.42, which gives a possible trading interval of +/-TRY 8.45 (+/-77.07%) 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 154.15% 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 10.72 (2.28%) than the resistance at TRY 12.07 (10.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Zedur Enerji Elektrik Üretim Anonim Sirketi stock A Buy?
Zedur Enerji Elektrik Üretim Anonim holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.675 Sell Candidate Upgraded
Predicted Opening Price for Zedur Enerji Elektrik Üretim Anonim Sirketi of Friday, June 7, 2024
| Fair opening price June 7, 2024 | Current price |
|---|---|
| TRY 11.14 ( 1.55%) | TRY 10.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZEDUR.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.91 | 8.57% |
| R2 | 11.62 | 5.89% |
| R1 | 11.43 | 4.23% |
| Price | 10.97 | |
| S1 | 10.85 | -1.13% |
| S2 | 10.66 | -2.79% |
| S3 | 10.37 | -5.47% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.27 | 20.97% |
| R2 | 12.21 | 11.30% |
| R1 | 12.07 | 10.03% |
| Price | 10.97 | |
| S1 | 10.72 | -2.28% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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