Cosmos Yatirim Holding Anonim Sirketi Stock Forecast
Cosmos Yatirim Holding Anonim Sirketi stock downgraded to Hold/Accumulate
(Updated on May 10, 2024)
The Cosmos Yatirim Holding Anonim Sirketi stock price fell by -4.79% on the last day (Friday, 10th May 2024) from TRY 156.60 to TRY 149.10. During the last trading day the stock fluctuated 6.44% from a day low at TRY 149.10 to a day high of TRY 158.70. The price has fallen in 6 of the last 10 days but is still up by 6.73% over the past 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 -6 thousand shares and in total, 168 thousand shares were bought and sold for approximately TRY 24.98 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Cosmos Yatirim Holding Anonim Sirketi stock with a 90% probability to be traded between TRY 127.44 and TRY 162.03 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
COSMO.IS Signals & Forecast
The Cosmos Yatirim Holding 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 152.14. On a fall, the stock will find some support from the long-term average at approximately TRY 138.59. 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 Wednesday, May 08, 2024, and so far it has fallen -6.81%. 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 Cosmos Yatirim Holding Anonim Sirketi stock
Cosmos Yatirim Holding Anonim Sirketi finds support from accumulated volume at TRY 145.40 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 9.60 between high and low, or 6.44%. For the last week, the stock has had daily average volatility of 6.75%.
Our recommended stop-loss: TRY 140.45 (-5.80%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (COSMO.IS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Cosmos Yatirim Holding Anonim Sirketi to open at TRY 152.30, and during the day (based on 14 day Average True Range), to move between TRY 140.41 and TRY 157.79, which gives a possible trading interval of +/-TRY 8.69 (+/-5.83%) up or down from last closing price. If Cosmos Yatirim Holding Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 11.66% 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 150.60 (1.01%) than the support at TRY 145.40 (2.48%), 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 Cosmos Yatirim Holding Anonim Sirketi stock A Buy?
Cosmos Yatirim Holding 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.108 Hold/Accumulate Downgraded
Predicted Opening Price for Cosmos Yatirim Holding Anonim Sirketi of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| TRY 152.30 ( 2.15%) | TRY 149.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COSMO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 161.90 | 8.58 % | |
| R2 | 158.23 | 6.13 % | ||
| R1 | 155.97 | 4.61 % | ||
| Current price: | 149.10 | |||
| Support | S1 | 148.63 | -0.313 % | |
| S2 | 146.37 | -1.83 % | ||
| S3 | 142.70 | -4.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 151.40 | 1.54 % | |
| R2 | 150.80 | 1.14 % | ||
| R1 | 150.60 | 1.01 % | ||
| Current price | 149.10 | |||
| Support | S1 | 145.40 | -2.48% | |
| S2 | 140.50 | -5.77% | ||
| S3 | 138.30 | -7.24% |
FAQ
Click here for our free guide on how to buy Cosmos Yatirim Holding Anonim Sirketi Stock.
