Creditwest Faktoring Anonim Sirketi Stock Forecast
Red day on Thursday for Creditwest Faktoring Anonim Sirketi stock after losing 4.63%
(Updated on May 09, 2024)
The Creditwest Faktoring Anonim Sirketi stock price fell by -4.63% on the last day (Thursday, 9th May 2024) from TRY 8.42 to TRY 8.03. During the last trading day the stock fluctuated 5.49% from a day low at TRY 8.01 to a day high of TRY 8.45. The price has fallen in 7 of the last 10 days and is down by -33.08% for this period. Volume has increased on the last day by 6 million 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, 15 million shares were bought and sold for approximately TRY 121.00 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 7.50 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 20.09% during the next 3 months and, with a 90% probability hold a price between TRY 9.00 and TRY 15.30 at the end of this 3-month period.
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CRDFA.IS Signals & Forecast
There are few to no technical positive signals at the moment. The Creditwest Faktoring Anonim Sirketi stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at TRY 9.04 and TRY 8.54. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -35.29%. 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.
Support, Risk & Stop-loss for Creditwest Faktoring Anonim Sirketi stock
Creditwest Faktoring Anonim Sirketi finds support from accumulated volume at TRY 7.71 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved TRY 0.440 between high and low, or 5.49%. For the last week, the stock has had daily average volatility of 6.17%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CRDFA.IS) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Creditwest Faktoring Anonim Sirketi to open at TRY 8.16, and during the day (based on 14 day Average True Range), to move between TRY 7.17 and TRY 8.89, which gives a possible trading interval of +/-TRY 0.86 (+/-10.72%) up or down from last closing price. If Creditwest Faktoring Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 21.45% 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 8.04 (0.12%) than the support at TRY 7.71 (3.99%), 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 Creditwest Faktoring Anonim Sirketi stock A Buy?
The Creditwest Faktoring Anonim Sirketi stock holds several negative signals and despite the positive trend, we believe Creditwest Faktoring Anonim Sirketi will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.544 Sell Candidate Unchanged
Predicted Opening Price for Creditwest Faktoring Anonim Sirketi of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| TRY 8.16 ( 1.66%) | TRY 8.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRDFA.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.60 | 7.14 % | |
| R2 | 8.44 | 5.05 % | ||
| R1 | 8.33 | 3.75 % | ||
| Current price: | 8.03 | |||
| Support | S1 | 8.00 | -0.433 % | |
| S2 | 7.89 | -1.73 % | ||
| S3 | 7.72 | -3.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.97 | 11.71 % | |
| R2 | 8.27 | 2.99 % | ||
| R1 | 8.04 | 0.125 % | ||
| Current price | 8.03 | |||
| Support | S1 | 7.71 | -3.99% | |
| S2 | 7.63 | -4.98% | ||
| S3 | 7.20 | -10.34% |
FAQ
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