Dogtas Kelebek Mobilya Sanayi ve Ticaret Stock Forecast

TRY 11.05
+0.270 (+2.50%)
At Close: Mar 28, 2024
RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of DGKLB.IS
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Green day on Thursday for Dogtas Kelebek Mobilya Sanayi ve Ticaret
(Updated on Mar 28, 2024)

Sell candidate since Mar 21, 2024 Loss -1.95% PDF

The Dogtas Kelebek Mobilya Sanayi ve Ticaret stock price gained 2.50% on the last trading day (Thursday, 28th Mar 2024), rising from TRY 10.78 to TRY 11.05. During the last trading day the stock fluctuated 4.11% from a day low at TRY 10.71 to a day high of TRY 11.15. The price has been going up and down for this period, and there has been a -1.6% loss for the last 2 weeks. Volume fell on the last day by -172 thousand shares and in total, 2 million shares were bought and sold for approximately TRY 21.13 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower part of a 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 10.63 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 24.40% during the next 3 months and, with a 90% probability hold a price between TRY 13.23 and TRY 16.51 at the end of this 3-month period.

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DGKLB.IS Signals & Forecast

Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Dogtas Kelebek Mobilya Sanayi ve Ticaret stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at TRY 11.43. On a fall, the stock will find some support from the short-term average at TRY 11.02. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -12.65%. 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 Dogtas Kelebek Mobilya Sanayi ve Ticaret stock

Dogtas Kelebek Mobilya Sanayi ve Ticaret finds support from accumulated volume at TRY 10.98 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 0.440 between high and low, or 4.11%. For the last week, the stock has had daily average volatility of 4.35%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

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

For the upcoming trading day on Friday, 29th we expect Dogtas Kelebek Mobilya Sanayi ve Ticaret A.S. to open at TRY 10.97, and during the day (based on 14 day Average True Range), to move between TRY 10.47 and TRY 11.63, which gives a possible trading interval of +/-TRY 0.581 (+/-5.26%) up or down from last closing price. If Dogtas Kelebek Mobilya Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 10.52% 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 10.98 (0.63%) than the resistance at TRY 11.18 (1.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Dogtas Kelebek Mobilya Sanayi ve Ticaret A.S. stock A Buy?

The Dogtas Kelebek Mobilya Sanayi ve Ticaret stock holds several negative signals and despite the positive trend, we believe Dogtas Kelebek Mobilya Sanayi ve Ticaret will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.453 Sell Candidate Unchanged

Predicted Opening Price for Dogtas Kelebek Mobilya Sanayi ve Ticaret A.S. of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
TRY 10.97 ( 0.724%) TRY 11.05

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

Trading levels for DGKLB.IS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 11.41 3.26 %
R2 11.24 1.74 %
R1 11.14 0.797 %
Current price: 11.05
Support S1 10.80 -2.25 %
S2 10.70 -3.18 %
S3 10.53 -4.71 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 12.08 9.32 %
R2 11.67 5.61 %
R1 11.18 1.18 %
Current price 11.05
Support S1 10.98 -0.633%
S2 10.29 -6.88%
S3 10.26 -7.15%

FAQ

What is the symbol for Dogtas Kelebek Mobilya Sanayi ve Ticaret A.S. Stock and on which exchange is it traded?
The symbol for Dogtas Kelebek Mobilya Sanayi ve Ticaret A.S. is DGKLB.IS and it is traded on the BIST (Istanbul Stock Exchange).

Should I buy or sell Dogtas Kelebek Mobilya Sanayi ve Ticaret A.S. Stock?
The Dogtas Kelebek Mobilya Sanayi ve Ticaret stock holds several negative signals and despite the positive trend, we believe Dogtas Kelebek Mobilya Sanayi ve Ticaret will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Dogtas Kelebek Mobilya Sanayi ve Ticaret A.S. Stock?
Dogtas Kelebek Mobilya Sanayi ve Ticaret 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 Dogtas Kelebek Mobilya Sanayi ve Ticaret A.S. Stock.

What's the current price of Dogtas Kelebek Mobilya Sanayi ve Ticaret A.S. Stock?
As of the end of day on the 2024-03-28, the price of an Dogtas Kelebek Mobilya Sanayi ve Ticaret A.S. (DGKLB.IS) share was TRY 11.05.

What is the 52-week high and low for Dogtas Kelebek Mobilya Sanayi ve Ticaret A.S. Stock?
The 52-week high for Dogtas Kelebek Mobilya Sanayi ve Ticaret A.S. Stock is TRY 14.30 and the 52-week low is TRY 5.35.
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