Alkim Alkali Kimya A.S. Stock Forecast
Red day on Monday for Alkim Alkali Kimya A.S.
(Updated on May 13, 2024)
The Alkim Alkali Kimya A.S. stock price fell by -3.44% on the last day (Monday, 13th May 2024) from TRY 37.76 to TRY 36.46. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 4.29% from a day low at TRY 36.34 to a day high of TRY 37.90. The price has fallen in 7 of the last 10 days and is down by -7.7% 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 -238 thousand shares and in total, 1 million shares were bought and sold for approximately TRY 38.57 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 -14.19% during the next 3 months and, with a 90% probability hold a price between TRY 23.41 and TRY 34.26 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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ALKIM.IS Signals & Forecast
The Alkim Alkali Kimya 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 37.98. On a fall, the stock will find some support from the long-term average at approximately TRY 35.11. 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). 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 Thursday, May 02, 2024, and so far it has fallen -10.46%. 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 Alkim Alkali Kimya A.S. stock
Alkim Alkali Kimya A.S. finds support from accumulated volume at TRY 35.92 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved TRY 1.56 between high and low, or 4.29%. For the last week, the stock has had daily average volatility of 3.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALKIM.IS) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Alkim Alkali Kimya A.S. to open at TRY 36.90, and during the day (based on 14 day Average True Range), to move between TRY 34.88 and TRY 38.04, which gives a possible trading interval of +/-TRY 1.58 (+/-4.34%) up or down from last closing price. If Alkim Alkali Kimya A.S. takes out the full calculated possible swing range there will be an estimated 8.67% 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 35.92 (1.48%) than the resistance at TRY 39.50 (8.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Alkim Alkali Kimya A.S. will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for Alkim Alkali Kimya A.S., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.03% in the first trading day after earnings release.
Is Alkim Alkali Kimya A.S. stock A Buy?
Alkim Alkali Kimya A.S. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.652 Sell Candidate Unchanged
Predicted Opening Price for Alkim Alkali Kimya A.S. of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| TRY 36.90 ( 1.21%) | TRY 36.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALKIM.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.46 | 5.49 % | |
| R2 | 37.86 | 3.85 % | ||
| R1 | 37.50 | 2.84 % | ||
| Current price: | 36.46 | |||
| Support | S1 | 36.30 | -0.428 % | |
| S2 | 35.94 | -1.44 % | ||
| S3 | 35.34 | -3.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.48 | 13.77 % | |
| R2 | 40.40 | 10.81 % | ||
| R1 | 39.50 | 8.34 % | ||
| Current price | 36.46 | |||
| Support | S1 | 35.92 | -1.48% | |
| S2 | 34.42 | -5.60% | ||
| S3 | 32.38 | -11.19% |
ALKIM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2023 | Apr 12, 2023 | Apr 12, 2023 | TRY 0.93 | 2.94% |
| 2 | Apr 21, 2022 | Apr 21, 2022 | Apr 21, 2022 | TRY 0.796 | 3.53% |
| 3 | Apr 14, 2021 | Apr 14, 2021 | Apr 14, 2021 | TRY 0.521 | 3.10% |
| 4 | Jan 06, 2021 | Jan 06, 2021 | Jan 06, 2021 | TRY 0.373 | 2.41% |
| 5 | Oct 14, 2020 | Oct 14, 2020 | Oct 14, 2020 | TRY 0.373 | 2.62% |
FAQ
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