Turkcell Iletisim Hizmetleri AS Stock Forecast
Weaker technical forecast for Turkcell Iletisim Hizmetleri AS as stock downgraded to Sell Candidate.
(Updated on Mar 27, 2024)
The Turkcell Iletisim Hizmetleri AS stock price fell by -0.589% on the last day (Wednesday, 27th Mar 2024) from $5.09 to $5.06. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.78% from a day low at $5.05 to a day high of $5.14. The price has risen in 6 of the last 10 days and is up by 4.55% over the past 2 weeks. Volume has increased on the last day by 165 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, 349 thousand shares were bought and sold for approximately $1.77 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Turkcell Iletisim Hizmetleri AS stock with a 90% probability to be traded between $4.74 and $5.53 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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TKC Signals & Forecast
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. The Turkcell Iletisim Hizmetleri AS 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 $5.14 and $5.21. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -4.89%. 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. The stock had a Golden Star Signal on Tuesday, January 02, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, January 02, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Turkcell Iletisim Hizmetleri AS stock
Turkcell Iletisim Hizmetleri AS finds support from accumulated volume at $4.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0900 between high and low, or 1.78%. For the last week, the stock has had daily average volatility of 2.37%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TKC) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Turkcell Iletisim Hizmetleri AS to open at $5.08, and during the day (based on 14 day Average True Range), to move between $4.91 and $5.21, which gives a possible trading interval of +/-$0.147 (+/-2.91%) up or down from last closing price. If Turkcell Iletisim Hizmetleri AS takes out the full calculated possible swing range there will be an estimated 5.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $4.99 (1.38%) than the resistance at $5.28 (4.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Turkcell Iletisim Hizmetleri AS stock A Buy?
Turkcell Iletisim Hizmetleri AS holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.218 Sell Candidate Downgraded
Predicted Opening Price for Turkcell Iletisim Hizmetleri AS of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$5.08 ( 0.461%) | $5.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TKC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.17 | 2.24 % | |
R2 | 5.14 | 1.56 % | ||
R1 | 5.12 | 1.14 % | ||
Current price: | 5.06 | |||
Support | S1 | 5.05 | -0.218 % | |
S2 | 5.03 | -0.638 % | ||
S3 | 4.99 | -1.32 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.62 | 11.07 % | |
R2 | 5.35 | 5.73 % | ||
R1 | 5.28 | 4.35 % | ||
Current price | 5.06 | |||
Support | S1 | 4.99 | -1.38% | |
S2 | 4.97 | -1.78% | ||
S3 | 4.92 | -2.77% |
TKC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 09, 2023 | Dec 20, 2023 | Dec 29, 2023 | $0.0953 | 1.98% |
2 | Jun 22, 2022 | Jul 26, 2022 | Aug 03, 2022 | $0.0830 | 3.52% |
3 | Oct 08, 2021 | Oct 29, 2021 | Nov 08, 2021 | $0.110 | 2.53% |
4 | Jul 12, 2021 | Jul 30, 2021 | Aug 09, 2021 | $0.113 | 2.52% |
5 | Apr 19, 2021 | Apr 30, 2021 | May 10, 2021 | $0.121 | 2.60% |
FAQ
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