Coca-Cola Içecek Anonim Sirketi Stock Forecast

Coca-Cola Içecek Anonim Sirketi stock downgraded to Buy Candidate
(Updated on Apr 18, 2024)

CCOLA.IS Signals & Forecast

The Coca-Cola Içecek 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 664.86. On a fall, the stock will find some support from the long-term average at approximately TRY 611.60. 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 Monday, April 08, 2024, and so far it has fallen -3.28%. 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 Coca-Cola Içecek Anonim Sirketi stock

Coca-Cola Içecek Anonim Sirketi finds support from accumulated volume at TRY 647.00 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 23.50 between high and low, or 3.57%. For the last week, the stock has had daily average volatility of 3.05%.

Our recommended stop-loss: TRY 633.05 (-4.45%) (This stock has high daily movements and this gives high risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (CCOLA.IS) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Coca-Cola Içecek Anonim Sirketi to open at TRY 668.00, and during the day (based on 14 day Average True Range), to move between TRY 641.17 and TRY 683.83, which gives a possible trading interval of +/-TRY 21.33 (+/-3.22%) up or down from last closing price. If Coca-Cola Içecek Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 6.44% 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 665.00 (0.38%) than the support at TRY 647.00 (2.34%), 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 Coca-Cola Içecek Anonim Sirketi stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Coca-Cola Içecek Anonim Sirketi stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 4.785 Buy Candidate Downgraded

Predicted Opening Price for Coca-Cola Içecek Anonim Sirketi of Friday, April 19, 2024

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