TUPRS:BISTTURKIYE PETROL RAFINERILERI FUTURES Analysis

TUPRS is trading at 236 TRY, which sits below its 20‑day SMA (≈241) and 50‑day SMA (≈253) but comfortably above the 200‑day SMA (≈217), indicating a short‑term pullback within a longer‑term uptrend. The RSI of 43.7 suggests the stock is neither oversold nor overbought, while the MACD line remains in bearish territory, producing a modest negative histogram that reinforces the current neutral bias. Technical support at 227.4 provides a cushion, and the next resistance at 263.3 offers upside potential if momentum shifts. Volume is on an increasing trend, outpacing the 10‑day average, which adds credibility to any near‑term price moves. Volatility remains elevated at roughly 36% over the past 30 days, implying sizable price swings. The Fear & Greed Index reads 86.7 (“Extreme Greed”), reflecting strong market appetite for risk‑on assets like TUPRS.
On the fundamentals side, the company delivers an attractive 5.75% dividend yield, supported by a solid cash‑flow profile. Valuation metrics are reasonable, with a trailing P/E of 13.7 and a forward P/E of 11.4, while the price‑to‑book ratio of 1.29 suggests a modest premium over net assets. A low beta of 0.35 indicates limited sensitivity to broader market swings, and the historical max drawdown of ~16.7% is manageable for long‑term investors. The market cap exceeds 450 billion TRY, underscoring its status as a large‑cap player in the Turkish energy sector. Combined with stable regional demand for refined products, these factors position TUPRS as a dividend‑focused, moderately valued asset with upside potential as technical momentum recovers. Investors should monitor the price’s ability to retest the 20‑day SMA and respect the identified support‑resistance corridor.