RSI low/high Values: [ 20 - 75 ]
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AI Analysis of CRFSA.IS
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CarrefourSA Carrefour Sabanci Ticaret stock price up 0.0656% on Thursday
(Updated on Mar 28, 2024)

Buy or Hold candidate since Jan 19, 2024 Gain 23.98% PDF

The CarrefourSA Carrefour Sabanci Ticaret stock price gained 0.0656% on the last trading day (Thursday, 28th Mar 2024), rising from TRY 152.40 to TRY 152.50. During the last trading day the stock fluctuated 7.17% from a day low at TRY 146.50 to a day high of TRY 157.00. The price has fallen in 6 of the last 10 days and is down by -4.09% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 158 thousand more shares were traded than the day before. In total, 394 thousand shares were bought and sold for approximately TRY 60.02 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 148.36 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 35.95% during the next 3 months and, with a 90% probability hold a price between TRY 201.70 and TRY 263.67 at the end of this 3-month period.

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CRFSA.IS Signals & Forecast

The CarrefourSA Carrefour Sabanci Ticaret 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 155.57. On a fall, the stock will find some support from the long-term average at approximately TRY 148.96. 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. Volume is rising along with the price. This is considered to be a good technical signal. 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, March 04, 2024, and so far it has fallen -14.95%. 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).

Support, Risk & Stop-loss for CarrefourSA Carrefour Sabanci Ticaret stock

CarrefourSA Carrefour Sabanci Ticaret finds support from accumulated volume at TRY 152.40 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 10.50 between high and low, or 7.17%. For the last week, the stock has had daily average volatility of 7.08%.

Our recommended stop-loss: TRY 145.15 (-4.82%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)

Trading Expectations (CRFSA.IS) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. to open at TRY 152.00, and during the day (based on 14 day Average True Range), to move between TRY 142.92 and TRY 162.08, which gives a possible trading interval of +/-TRY 9.58 (+/-6.28%) up or down from last closing price. If CarrefourSA Carrefour Sabanci Ticaret Merkezi 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 152.40 (0.07%) than the resistance at TRY 166.00 (8.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is CarrefourSA Carrefour Sabanci Ticaret Merkezi 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 CarrefourSA Carrefour Sabanci Ticaret stock to perform well in the short-term.

Current score: 2.387 Buy Candidate Unchanged

Predicted Opening Price for CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
TRY 152.00 ( 0.328%) TRY 152.50

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

Trading levels for CRFSA.IS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 162.50 6.56 %
R2 158.49 3.93 %
R1 156.01 2.30 %
Current price: 152.50
Support S1 147.99 -2.96 %
S2 145.51 -4.58 %
S3 141.50 -7.21 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 179.30 17.57 %
R2 170.00 11.48 %
R1 166.00 8.85 %
Current price 152.50
Support S1 152.40 -0.0656%
S2 140.80 -7.67%
S3 123.30 -19.15%

FAQ

What is the symbol for CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. Stock and on which exchange is it traded?
The symbol for CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. is CRFSA.IS and it is traded on the BIST (Istanbul Stock Exchange).

Should I buy or sell CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. Stock?
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 CarrefourSA Carrefour Sabanci Ticaret stock to perform well in the short-term.

How to buy CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. Stock?
CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. Stock.

What's the current price of CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. Stock?
As of the end of day on the 2024-03-28, the price of an CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. (CRFSA.IS) share was TRY 152.50.

What is the 52-week high and low for CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. Stock?
The 52-week high for CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. Stock is TRY 185.90 and the 52-week low is TRY 41.50.
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About CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S.

CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. engages in the retail business in Turkey. It also engages in the construction of non-residential buildings. As of December 31, 2020, it operated 30 hypermarkets and 645 supermarkets. The company was incorporated in 1991 and is headquartered in Istanbul, Turkey. CarrefourSA Carrefour Sabanci Ticaret Merkezi A.S. is a subsidiary of Haci Ömer Sabanci Holding A.S.... CRFSA.IS Profile

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