Albaraka Türk Katilim Bankasi A.S. Stock Forecast

Albaraka Türk Katilim Bankasi A.S. stock price ended at TRY 5.01 on Friday, after gaining 1.21%.
(Updated on May 10, 2024)

ALBRK.IS Signals & Forecast

The Albaraka Türk Katilim Bankasi 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 5.01. On a fall, the stock will find some support from the long-term average at approximately TRY 4.56. 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 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. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -1.76%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Albaraka Türk Katilim Bankasi A.S. stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 4.64 and TRY 4.36. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Albaraka Türk Katilim Bankasi A.S. finds support just below today's level at TRY 4.64. If this is broken, then the next support from accumulated volume will be at TRY 4.36 and TRY 4.16.

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 3.43%. For the last week, the stock has had daily average volatility of 3.87%.

Our recommended stop-loss: TRY 4.83 (-3.59%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (ALBRK.IS) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Albaraka Türk Katilim Bankasi A.S. to open at TRY 5.03, and during the day (based on 14 day Average True Range), to move between TRY 4.82 and TRY 5.20, which gives a possible trading interval of +/-TRY 0.188 (+/-3.75%) 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 7.50% 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 5.04 (0.60%) than the support at TRY 4.64 (7.39%), 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.

Is Albaraka Türk Katilim Bankasi A.S. stock A Buy?

Albaraka Türk Katilim Bankasi 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.

Current score: 0.476 Hold/Accumulate Unchanged

Predicted Opening Price for Albaraka Türk Katilim Bankasi A.S. of Monday, May 13, 2024

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