Adel Kalemcilik Ticaret ve Sanayi A.S. Stock Forecast

Adel Kalemcilik Ticaret ve Sanayi A.S. stock downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on May 09, 2024)

ADEL.IS Signals & Forecast

The Adel Kalemcilik Ticaret ve Sanayi A.S. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 748.86. On a fall, the stock will find some support from the long-term average at approximately TRY 703.57. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -5.37%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Adel Kalemcilik Ticaret ve Sanayi A.S. stock

Adel Kalemcilik Ticaret ve Sanayi A.S. finds support from accumulated volume at TRY 715.00 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 TRY 23.00 between high and low, or 3.13%. For the last week, the stock has had daily average volatility of 4.63%.

Our recommended stop-loss: TRY 708.40 (-5.36%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (ADEL.IS) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect Adel Kalemcilik Ticaret ve Sanayi A.S. to open at TRY 747.83, and during the day (based on 14 day Average True Range), to move between TRY 702.68 and TRY 794.32, which gives a possible trading interval of +/-TRY 45.82 (+/-6.12%) up or down from last closing price. If Adel Kalemcilik Ticaret ve Sanayi A.S. takes out the full calculated possible swing range there will be an estimated 12.24% 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 750.00 (0.20%) than the support at TRY 715.00 (4.48%), 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 Adel Kalemcilik Ticaret ve Sanayi A.S. stock A Buy?

Adel Kalemcilik Ticaret ve Sanayi A.S. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.

Current score: 0.349 Hold/Accumulate Downgraded

Predicted Opening Price for Adel Kalemcilik Ticaret ve Sanayi A.S. of Friday, May 10, 2024

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