Alcatel Lucent Teletas Telekomünikasyon Stock Forecast
Green day on Monday for Alcatel Lucent Teletas Telekomünikasyon stock after gaining 1.66%
(Updated on May 13, 2024)
The Alcatel Lucent Teletas Telekomünikasyon stock price gained 1.66% on the last trading day (Monday, 13th May 2024), rising from TRY 126.80 to TRY 128.90. It has now gained 4 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 7.27% from a day low at TRY 126.50 to a day high of TRY 135.70. The price has risen in 6 of the last 10 days and is up by 11.31% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 545 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately TRY 154.80 million.
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 -10.48% during the next 3 months and, with a 90% probability hold a price between TRY 85.23 and TRY 128.78 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ALCTL.IS Signals & Forecast
Mostly positive signals in the chart today. The Alcatel Lucent Teletas Telekomünikasyon stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at TRY 121.36 and TRY 116.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 26.87%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Alcatel Lucent Teletas Telekomünikasyon stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 121.60 and TRY 115.50. 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, Alcatel Lucent Teletas Telekomünikasyon finds support just below today's level at TRY 121.60. If this is broken, then the next support from accumulated volume will be at TRY 115.50 and TRY 115.00.
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 9.20 between high and low, or 7.27%. For the last week, the stock has had daily average volatility of 6.15%.
Our recommended stop-loss: TRY 123.09 (-4.51%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (ALCTL.IS) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Alcatel Lucent Teletas Telekomünikasyon A.S. to open at TRY 130.37, and during the day (based on 14 day Average True Range), to move between TRY 122.64 and TRY 135.16, which gives a possible trading interval of +/-TRY 6.26 (+/-4.85%) up or down from last closing price. If Alcatel Lucent Teletas Telekomünikasyon A.S. takes out the full calculated possible swing range there will be an estimated 9.71% 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 131.10 (1.71%) than the support at TRY 121.60 (5.66%), 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 Alcatel Lucent Teletas Telekomünikasyon 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.
Current score: 3.526 Buy Candidate Unchanged
Predicted Opening Price for Alcatel Lucent Teletas Telekomünikasyon A.S. of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| TRY 130.37 ( 1.14%) | TRY 128.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALCTL.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 139.57 | 8.28 % | |
| R2 | 136.05 | 5.55 % | ||
| R1 | 133.88 | 3.86 % | ||
| Current price: | 128.90 | |||
| Support | S1 | 126.85 | -1.59 % | |
| S2 | 124.68 | -3.27 % | ||
| S3 | 121.17 | -6.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 158.10 | 22.65 % | |
| R2 | 134.90 | 4.65 % | ||
| R1 | 131.10 | 1.71 % | ||
| Current price | 128.90 | |||
| Support | S1 | 121.60 | -5.66% | |
| S2 | 115.50 | -10.40% | ||
| S3 | 115.00 | -10.78% |
FAQ
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