Coca-Cola Içecek Anonim Sirketi Stock Forecast

Coca-Cola Içecek Anonim Sirketi stock price up 0.555% on Tuesday
(Updated on Apr 30, 2024)

CCOLA.IS Signals & Forecast

The Coca-Cola Içecek Anonim Sirketi stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at TRY 690.86 and TRY 623.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 30.63%. 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 is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Coca-Cola Içecek Anonim Sirketi stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 647.00 and TRY 634.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Coca-Cola Içecek Anonim Sirketi finds support just below today's level at TRY 647.00. If this is broken, then the next support from accumulated volume will be at TRY 634.00 and TRY 626.00.

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 25.00 between high and low, or 3.51%. For the last week, the stock has had daily average volatility of 3.00%.

The Coca-Cola Içecek Anonim Sirketi stock is extremely overbought on RSI14 (77). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: TRY 699.92 (-3.46%) (This stock has high daily movements and this gives high risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 27 days ago.)

Trading Expectations (CCOLA.IS) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Coca-Cola Içecek Anonim Sirketi to open at TRY 724.67, and during the day (based on 14 day Average True Range), to move between TRY 703.59 and TRY 746.41, which gives a possible trading interval of +/-TRY 21.41 (+/-2.95%) 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 5.90% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ TRY 647.00, some TRY 78.00 (10.76%) from the current price of TRY 725.00, our system finds the risk reward attractive.

Is Coca-Cola Içecek Anonim Sirketi stock A Buy?

Coca-Cola Içecek Anonim Sirketi holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Coca-Cola Içecek Anonim Sirketi of Thursday, May 2, 2024

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