Atakey Patates Gida Sanayi ve Ticaret Stock Forecast
Atakey Patates Gida Sanayi ve Ticaret stock price up 0.0839% on Friday
(Updated on Apr 26, 2024)
The Atakey Patates Gida Sanayi ve Ticaret stock price gained 0.0839% on the last trading day (Friday, 26th Apr 2024), rising from TRY 47.68 to TRY 47.72. 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 1.73% from a day low at TRY 47.34 to a day high of TRY 48.16. The price has risen in 6 of the last 10 days and is up by 2.62% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 996 thousand shares were bought and sold for approximately TRY 47.52 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 the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at TRY 49.63 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -25.06% during the next 3 months and, with a 90% probability hold a price between TRY 28.26 and TRY 37.19 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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ATAKP.IS Signals & Forecast
Mostly positive signals in the chart today. The Atakey Patates Gida Sanayi ve Ticaret stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at TRY 46.41 and TRY 47.38. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 14.77%. 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 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.
Support, Risk & Stop-loss for Atakey Patates Gida Sanayi ve Ticaret stock
Atakey Patates Gida Sanayi ve Ticaret finds support from accumulated volume at TRY 47.68 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 0.82 between high and low, or 1.73%. For the last week, the stock has had daily average volatility of 3.43%.
Our recommended stop-loss: TRY 46.21 (-3.17%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (ATAKP.IS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Atakey Patates Gida Sanayi ve Ticaret A.S. to open at TRY 47.74, and during the day (based on 14 day Average True Range), to move between TRY 45.77 and TRY 49.67, which gives a possible trading interval of +/-TRY 1.95 (+/-4.08%) up or down from last closing price. If Atakey Patates Gida Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 8.15% 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 47.68 (0.08%) than the resistance at TRY 53.80 (12.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Atakey Patates Gida Sanayi ve Ticaret 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: 1.683 Buy Candidate Unchanged
Predicted Opening Price for Atakey Patates Gida Sanayi ve Ticaret A.S. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| TRY 47.74 ( 0.0419%) | TRY 47.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATAKP.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 48.56 | 1.76 % | |
| R2 | 48.25 | 1.10 % | ||
| R1 | 48.05 | 0.698 % | ||
| Current price: | 47.72 | |||
| Support | S1 | 47.43 | -0.615 % | |
| S2 | 47.23 | -1.02 % | ||
| S3 | 46.92 | -1.68 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 58.35 | 22.28 % | |
| R2 | 57.00 | 19.45 % | ||
| R1 | 53.80 | 12.74 % | ||
| Current price | 47.72 | |||
| Support | S1 | 47.68 | -0.0838% | |
| S2 | 45.96 | -3.69% | ||
| S3 | 43.26 | -9.35% |
FAQ
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