Atakey Patates Gida Sanayi ve Ticaret Stock Forecast
Atakey Patates Gida Sanayi ve Ticaret stock price ended at TRY 45.26 on Wednesday, after losing 0.440%.
(Updated on May 08, 2024)
The Atakey Patates Gida Sanayi ve Ticaret stock price fell by -0.440% on the last day (Wednesday, 8th May 2024) from TRY 45.46 to TRY 45.26. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.83% from a day low at TRY 44.92 to a day high of TRY 45.74. The price has been going up and down for this period, and there has been a -1.78% loss for the last 2 weeks. 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 -802 thousand shares and in total, 668 thousand shares were bought and sold for approximately TRY 30.22 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 -24.52% during the next 3 months and, with a 90% probability hold a price between TRY 27.12 and TRY 36.29 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
A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 8.85%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Atakey Patates Gida Sanayi ve Ticaret stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at TRY 46.21 and TRY 45.75. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Atakey Patates Gida Sanayi ve Ticaret stock
Atakey Patates Gida Sanayi ve Ticaret finds support from accumulated volume at TRY 43.26 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 1.83%. For the last week, the stock has had daily average volatility of 3.06%.
Our recommended stop-loss: TRY 42.53 (-6.02%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (ATAKP.IS) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Atakey Patates Gida Sanayi ve Ticaret A.S. to open at TRY 45.31, and during the day (based on 14 day Average True Range), to move between TRY 43.53 and TRY 46.99, which gives a possible trading interval of +/-TRY 1.73 (+/-3.81%) 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 7.63% 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 43.26 (4.42%) than the resistance at TRY 53.70 (18.65%), 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?
Atakey Patates Gida Sanayi ve Ticaret holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.571 Hold/Accumulate Unchanged
Predicted Opening Price for Atakey Patates Gida Sanayi ve Ticaret A.S. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| TRY 45.31 ( 0.103%) | TRY 45.26 |
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 | 46.13 | 1.91 % | |
| R2 | 45.81 | 1.22 % | ||
| R1 | 45.62 | 0.795 % | ||
| Current price: | 45.26 | |||
| Support | S1 | 44.99 | -0.589 % | |
| S2 | 44.80 | -1.02 % | ||
| S3 | 44.49 | -1.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 55.30 | 22.18 % | |
| R2 | 53.80 | 18.87 % | ||
| R1 | 53.70 | 18.65 % | ||
| Current price | 45.26 | |||
| Support | S1 | 43.26 | -4.42% | |
| S2 | 42.90 | -5.21% | ||
| S3 | 42.60 | -5.88% |
FAQ
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