Aksa Akrilik Kimya Sanayii A.S. Stock Forecast
Green day on Wednesday for Aksa Akrilik Kimya Sanayii A.S. stock after gaining 1.10%
(Updated on Apr 24, 2024)
The Aksa Akrilik Kimya Sanayii A.S. stock price gained 1.10% on the last trading day (Wednesday, 24th Apr 2024), rising from TRY 99.60 to TRY 100.70. During the last trading day the stock fluctuated 6.42% from a day low at TRY 98.95 to a day high of TRY 105.30. The price has risen in 7 of the last 10 days and is up by 11.89% over the past 2 weeks. Volume fell on the last day by -41 thousand shares and in total, 2 million shares were bought and sold for approximately TRY 156.48 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.11% during the next 3 months and, with a 90% probability hold a price between TRY 93.41 and TRY 119.78 at the end of this 3-month period.
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AKSA.IS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Aksa Akrilik Kimya Sanayii A.S. 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 102.19 and TRY 100.81. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -4.00%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Aksa Akrilik Kimya Sanayii A.S. stock
Aksa Akrilik Kimya Sanayii A.S. finds support from accumulated volume at TRY 99.30 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 6.35 between high and low, or 6.42%. For the last week, the stock has had daily average volatility of 4.20%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AKSA.IS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Aksa Akrilik Kimya Sanayii A.S. to open at TRY 101.65, and during the day (based on 14 day Average True Range), to move between TRY 95.98 and TRY 105.42, which gives a possible trading interval of +/-TRY 4.72 (+/-4.69%) up or down from last closing price. If Aksa Akrilik Kimya Sanayii A.S. takes out the full calculated possible swing range there will be an estimated 9.38% 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 101.00 (0.30%) than the support at TRY 99.30 (1.39%), 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.
Earnings coming up
Aksa Akrilik Kimya Sanayii A.S. will release earnings BMO on Thursday, May 02, 2024. We will update the financials statements for Aksa Akrilik Kimya Sanayii A.S., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.37% in the first trading day after earnings release.
Is Aksa Akrilik Kimya Sanayii A.S. stock A Buy?
The Aksa Akrilik Kimya Sanayii A.S. stock holds several negative signals and despite the positive trend, we believe Aksa Akrilik Kimya Sanayii A.S. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.084 Sell Candidate Unchanged
Predicted Opening Price for Aksa Akrilik Kimya Sanayii A.S. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| TRY 101.65 ( 0.94%) | TRY 100.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AKSA.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 108.00 | 7.25 % | |
| R2 | 105.57 | 4.84 % | ||
| R1 | 104.08 | 3.35 % | ||
| Current price: | 100.70 | |||
| Support | S1 | 99.22 | -1.47 % | |
| S2 | 97.73 | -2.95 % | ||
| S3 | 95.30 | -5.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 107.10 | 6.36 % | |
| R2 | 106.80 | 6.06 % | ||
| R1 | 101.00 | 0.298 % | ||
| Current price | 100.70 | |||
| Support | S1 | 99.30 | -1.39% | |
| S2 | 97.10 | -3.57% | ||
| S3 | 95.70 | -4.97% |
AKSA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 03, 2024 | Apr 03, 2024 | Apr 05, 2024 | TRY 5.00 | 5.24% |
| 2 | Apr 11, 2023 | Apr 11, 2023 | Apr 11, 2023 | TRY 2.41 | 3.32% |
| 3 | Apr 21, 2022 | Apr 21, 2022 | Apr 21, 2022 | TRY 1.85 | 3.95% |
| 4 | Apr 13, 2021 | Apr 13, 2021 | Apr 13, 2021 | TRY 0.87 | 5.69% |
| 5 | Apr 07, 2020 | Apr 07, 2020 | Apr 07, 2020 | TRY 0.740 | 12.01% |
FAQ
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