Çelebi Hava Servisi A.S. Stock Forecast
Red day on Tuesday for Çelebi Hava Servisi A.S.
(Updated on May 07, 2024)
The Çelebi Hava Servisi A.S. stock price fell by -0.595% on the last day (Tuesday, 7th May 2024) from TRY 1,850.00 to TRY 1,839.00. During the last trading day the stock fluctuated 7.72% from a day low at TRY 1,800.00 to a day high of TRY 1,939.00. The price has been going up and down for this period, and there has been a 3.96% gain for the last 2 weeks. Volume has increased on the last day by 93 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 246 thousand shares were bought and sold for approximately TRY 453.03 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 58.67% during the next 3 months and, with a 90% probability hold a price between TRY 2,692.15 and TRY 3,466.99 at the end of this 3-month period.
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CLEBI.IS Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -7.59%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Çelebi Hava Servisi A.S. 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 1,803.71 and TRY 1,675.89. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Çelebi Hava Servisi A.S. stock
Çelebi Hava Servisi A.S. finds support from accumulated volume at TRY 1,805.00 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 139.00 between high and low, or 7.72%. For the last week, the stock has had daily average volatility of 5.52%.
Our recommended stop-loss: TRY 1,763.41 (-4.11%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (CLEBI.IS) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Çelebi Hava Servisi A.S. to open at TRY 1,859.33, and during the day (based on 14 day Average True Range), to move between TRY 1,723.42 and TRY 1,954.58, which gives a possible trading interval of +/-TRY 115.58 (+/-6.28%) up or down from last closing price. If Çelebi Hava Servisi A.S. takes out the full calculated possible swing range there will be an estimated 12.57% 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 1,805.00 (1.85%) than the resistance at TRY 1,899.00 (3.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Çelebi Hava Servisi A.S. will release earnings BMO on Wednesday, May 08, 2024. We will update the financials statements for Çelebi Hava Servisi A.S., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.14% in the first trading day after earnings release.
Is Çelebi Hava Servisi A.S. 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 Çelebi Hava Servisi A.S. stock to perform well in the short-term.
Current score: 1.854 Buy Candidate Unchanged
Predicted Opening Price for Çelebi Hava Servisi A.S. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| TRY 1,859.33 ( 1.11%) | TRY 1,839.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CLEBI.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,998.33 | 8.66 % | |
| R2 | 1,945.24 | 5.78 % | ||
| R1 | 1,912.43 | 3.99 % | ||
| Current price: | 1,839.00 | |||
| Support | S1 | 1,806.24 | -1.78 % | |
| S2 | 1,773.43 | -3.57 % | ||
| S3 | 1,720.33 | -6.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,990.00 | 8.21 % | |
| R2 | 1,910.00 | 3.86 % | ||
| R1 | 1,899.00 | 3.26 % | ||
| Current price | 1,839.00 | |||
| Support | S1 | 1,805.00 | -1.85% | |
| S2 | 1,737.00 | -5.55% | ||
| S3 | 1,586.00 | -13.76% |
CLEBI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | Apr 24, 2024 | Apr 26, 2024 | TRY 63.00 | 3.68% |
| 2 | Apr 17, 2023 | Apr 17, 2023 | Apr 17, 2023 | TRY 42.40 | 8.28% |
| 3 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | TRY 6.75 | 2.65% |
| 4 | Jan 04, 2021 | Jan 04, 2021 | Jan 04, 2021 | TRY 2.38 | 1.41% |
| 5 | Oct 30, 2020 | Oct 30, 2020 | Oct 30, 2020 | TRY 2.18 | 3.13% |
FAQ
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