Akin Tekstil Anonim Sirketi Stock Forecast

Red day on Friday for Akin Tekstil Anonim Sirketi stock after losing 2.33%
(Updated on May 10, 2024)

ATEKS.IS Signals & Forecast

The Akin Tekstil Anonim Sirketi 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 161.11. On a fall, the stock will find some support from the long-term average at approximately TRY 149.32. 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. 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 Wednesday, May 08, 2024, and so far it has fallen -6.94%. Further fall is indicated until a new bottom pivot has been found. 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 Akin Tekstil Anonim Sirketi stock

Akin Tekstil Anonim Sirketi finds support from accumulated volume at TRY 157.80 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 6.30 between high and low, or 3.99%. For the last week, the stock has had daily average volatility of 6.23%.

Our recommended stop-loss: TRY 150.31 (-5.76%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (ATEKS.IS) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Akin Tekstil Anonim Sirketi to open at TRY 160.53, and during the day (based on 14 day Average True Range), to move between TRY 149.50 and TRY 169.50, which gives a possible trading interval of +/-TRY 10.00 (+/-6.27%) up or down from last closing price. If Akin Tekstil Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 12.54% 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 161.00 (0.94%) than the support at TRY 157.80 (1.07%), 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 Akin Tekstil Anonim Sirketi 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: 1.717 Buy Candidate Unchanged

Predicted Opening Price for Akin Tekstil Anonim Sirketi of Monday, May 13, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.