Alarko Carrier Sanayi ve Ticaret A.S. Stock Forecast
Alarko Carrier Sanayi ve Ticaret A.S. stock price down 0.86% on Wednesday
(Updated on Apr 24, 2024)
The Alarko Carrier Sanayi ve Ticaret A.S. stock price fell by -0.86% on the last day (Wednesday, 24th Apr 2024) from TRY 1,395.00 to TRY 1,383.00. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 3.06% from a day low at TRY 1,372.00 to a day high of TRY 1,414.00. The price has fallen in 7 of the last 10 days and is down by -6.11% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -23 thousand shares and in total, 56 thousand shares were bought and sold for approximately TRY 77.40 million.
Given the current short-term trend, the stock is expected to rise 19.59% during the next 3 months and, with a 90% probability hold a price between TRY 1,653.94 and TRY 2,376.89 at the end of this 3-month period.
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ALCAR.IS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Alarko Carrier Sanayi ve Ticaret 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 1,442.71 and TRY 1,590.63. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -24.88%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Alarko Carrier Sanayi ve Ticaret A.S. stock
Alarko Carrier Sanayi ve Ticaret A.S. finds support from accumulated volume at TRY 1,370.00 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 42.00 between high and low, or 3.06%. For the last week, the stock has had daily average volatility of 4.32%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALCAR.IS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Alarko Carrier Sanayi ve Ticaret A.S. to open at TRY 1,389.67, and during the day (based on 14 day Average True Range), to move between TRY 1,291.76 and TRY 1,474.24, which gives a possible trading interval of +/-TRY 91.24 (+/-6.60%) up or down from last closing price. If Alarko Carrier Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 13.20% 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 1,370.00 (0.94%) than the resistance at TRY 1,452.00 (4.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Alarko Carrier Sanayi ve Ticaret A.S. stock A Buy?
The Alarko Carrier Sanayi ve Ticaret A.S. stock holds several negative signals and despite the positive trend, we believe Alarko Carrier Sanayi ve Ticaret A.S. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.865 Sell Candidate Unchanged
Predicted Opening Price for Alarko Carrier Sanayi ve Ticaret A.S. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| TRY 1,389.67 ( 0.482%) | TRY 1,383.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALCAR.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,431.67 | 3.52 % | |
| R2 | 1,415.62 | 2.36 % | ||
| R1 | 1,405.71 | 1.64 % | ||
| Current price: | 1,383.00 | |||
| Support | S1 | 1,373.62 | -0.678 % | |
| S2 | 1,363.71 | -1.39 % | ||
| S3 | 1,347.67 | -2.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,615.00 | 16.78 % | |
| R2 | 1,475.00 | 6.65 % | ||
| R1 | 1,452.00 | 4.99 % | ||
| Current price | 1,383.00 | |||
| Support | S1 | 1,370.00 | -0.94% | |
| S2 | 1,304.00 | -5.71% | ||
| S3 | 1,176.00 | -14.97% |
FAQ
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