Alarko Holding A.S. Stock Forecast
Alarko Holding A.S. stock upgraded to Buy Candidate.
(Updated on May 30, 2024)
The Alarko Holding A.S. stock price gained 2.34% on the last trading day (Thursday, 30th May 2024), rising from TRY 119.70 to TRY 122.50. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.83% from a day low at TRY 120.20 to a day high of TRY 123.60. The price has risen in 7 of the last 10 days and is up by 6.71% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 11 million shares were bought and sold for approximately TRY 1.32 billion. 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 falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.67% during the next 3 months and, with a 90% probability hold a price between TRY 97.48 and TRY 123.04 at the end of this 3-month period.
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ALARK.IS Signals & Forecast
Mostly positive signals in the chart today. The Alarko Holding A.S. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at TRY 120.07 and TRY 122.16. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 7.27%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Alarko Holding A.S. stock
Alarko Holding A.S. finds support from accumulated volume at TRY 119.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved TRY 3.40 between high and low, or 2.83%. For the last week the stock has had daily average volatility of 3.80%.
Our recommended stop-loss: TRY 117.87 (-3.78%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (ALARK.IS) For The Upcoming Trading Day Of Friday 31st
For the upcoming trading day on Friday, 31st we expect Alarko Holding A.S. to open at TRY 122.10, and during the day (based on 14 day Average True Range), to move between TRY 118.19 and TRY 126.81, which gives a possible trading interval of +/-TRY 4.31 (+/-3.52%) up or down from last closing price. If Alarko Holding A.S. takes out the full calculated possible swing range there will be an estimated 7.03% 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 125.50 (2.45%) than the support at TRY 119.20 (2.69%), 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 Alarko Holding A.S. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 4.059 Buy Candidate Upgraded
Predicted Opening Price for Alarko Holding A.S. of Friday, May 31, 2024
| Fair opening price May 31, 2024 | Current price |
|---|---|
| TRY 122.10 ( 0.327%) | TRY 122.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALARK.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 125.50 | 2.45 % | |
| R2 | 124.20 | 1.39 % | ||
| R1 | 123.40 | 0.734 % | ||
| Current price: | 122.50 | |||
| Support | S1 | 120.80 | -1.39 % | |
| S2 | 120.00 | -2.04 % | ||
| S3 | 118.70 | -3.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 132.30 | 8.00 % | |
| R2 | 127.00 | 3.67 % | ||
| R1 | 125.50 | 2.45 % | ||
| Current price | 122.50 | |||
| Support | S1 | 119.20 | -2.69% | |
| S2 | 119.10 | -2.78% | ||
| S3 | 114.70 | -6.37% |
ALARK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | Jun 03, 2024 | TRY 0.97 | 0.791% |
| 2 | Nov 15, 2023 | Nov 15, 2023 | Nov 15, 2023 | TRY 0.230 | 0.223% |
| 3 | Aug 25, 2023 | Aug 25, 2023 | Aug 25, 2023 | TRY 0.350 | 0.284% |
| 4 | May 31, 2023 | May 31, 2023 | May 31, 2023 | TRY 0.330 | 0.487% |
| 5 | May 06, 2022 | May 06, 2022 | May 06, 2022 | TRY 0.230 | 0.85% |
FAQ
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