Albaraka Türk Katilim Bankasi A.S. Stock Forecast
Albaraka Türk Katilim Bankasi A.S. stock price ended at TRY 5.28 on Tuesday, after gaining 0.763%.
(Updated on Jul 02, 2024)
The Albaraka Türk Katilim Bankasi A.S. stock price gained 0.763% on the last trading day (Tuesday, 2nd Jul 2024), rising from TRY 5.24 to TRY 5.28. During the last trading day the stock fluctuated 3.31% from a day low at TRY 5.14 to a day high of TRY 5.31. The price has been going up and down for this period, and there has been a -4.69% loss for the last 2 weeks. Volume fell on the last day by -12 million shares and in total, 14 million shares were bought and sold for approximately TRY 76.19 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 lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 5.27 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 25.99% during the next 3 months and, with a 90% probability hold a price between TRY 6.63 and TRY 8.91 at the end of this 3-month period.
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ALBRK.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 Albaraka Türk Katilim Bankasi A.S. 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 TRY 5.53 and TRY 5.65. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -18.77%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Albaraka Türk Katilim Bankasi A.S. stock
Albaraka Türk Katilim Bankasi A.S. finds support from accumulated volume at TRY 5.09 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 0.170 between high and low, or 3.31%. For the last week, the stock has had daily average volatility of 5.36%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALBRK.IS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Albaraka Türk Katilim Bankasi A.S. to open at TRY 5.24, and during the day (based on 14 day Average True Range), to move between TRY 5.00 and TRY 5.56, which gives a possible trading interval of +/-TRY 0.279 (+/-5.28%) up or down from last closing price. If Albaraka Türk Katilim Bankasi A.S. takes out the full calculated possible swing range there will be an estimated 10.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at TRY 5.09 (3.60%) than the resistance at TRY 5.52 (4.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Albaraka Türk Katilim Bankasi A.S. stock A Buy?
The Albaraka Türk Katilim Bankasi A.S. stock holds several negative signals and despite the positive trend, we believe Albaraka Türk Katilim Bankasi A.S. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.604 Sell Candidate Unchanged
Predicted Opening Price for Albaraka Türk Katilim Bankasi A.S. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| TRY 5.24 ( 0.694%) | TRY 5.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALBRK.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.41 | 2.53% |
| R2 | 5.35 | 1.30% |
| R1 | 5.31 | 0.535% |
| Price | 5.28 | |
| S1 | 5.18 | -1.92% |
| S2 | 5.14 | -2.68% |
| S3 | 5.07 | -3.91% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.19 | 17.23% |
| R2 | 5.96 | 12.88% |
| R1 | 5.52 | 4.55% |
| Price | 5.28 | |
| S1 | 5.09 | -3.60% |
| S2 | 5.04 | -4.55% |
| S3 | 4.98 | -5.68% |
ALBRK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 13, 2018 | Apr 13, 2018 | Apr 13, 2018 | TRY 0.0357 | 2.39% |
| 2 | Apr 10, 2017 | Apr 10, 2017 | Apr 10, 2017 | TRY 0.0346 | 3.12% |
| 3 | Apr 05, 2016 | Apr 05, 2016 | Apr 05, 2016 | TRY 0.0400 | 2.76% |
| 4 | Apr 01, 2015 | Apr 01, 2015 | Apr 01, 2015 | TRY 0.0272 | 1.78% |
| 5 | Apr 03, 2014 | Apr 03, 2014 | Apr 03, 2014 | TRY 0.0250 | 1.66% |
FAQ
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