Dogtas Kelebek Mobilya Sanayi ve Ticaret Stock Forecast

Dogtas Kelebek Mobilya Sanayi ve Ticaret stock price up 1.81% on Friday
(Updated on Apr 26, 2024)

DGKLB.IS Signals & Forecast

The Dogtas Kelebek Mobilya Sanayi ve Ticaret 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 12.93 and TRY 11.91. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Thursday, April 18, 2024, and so far it has fallen -1.60%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Dogtas Kelebek Mobilya Sanayi ve Ticaret stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 12.08 and TRY 11.67. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Dogtas Kelebek Mobilya Sanayi ve Ticaret finds support just below today's level at TRY 12.08. If this is broken, then the next support from accumulated volume will be at TRY 11.67 and TRY 11.18.

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 0.510 between high and low, or 4.07%. For the last week, the stock has had daily average volatility of 3.80%.

Our recommended stop-loss: TRY 12.39 (-4.16%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 5 days ago.)

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

For the upcoming trading day on Monday, 29th we expect Dogtas Kelebek Mobilya Sanayi ve Ticaret A.S. to open at TRY 12.84, and during the day (based on 14 day Average True Range), to move between TRY 12.35 and TRY 13.51, which gives a possible trading interval of +/-TRY 0.579 (+/-4.48%) 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 8.96% 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 13.02 (0.70%) than the support at TRY 12.08 (6.57%), 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 Dogtas Kelebek Mobilya Sanayi ve Ticaret 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 Dogtas Kelebek Mobilya Sanayi ve Ticaret stock to perform well in the short-term.

Current score: 3.500 Buy Candidate Unchanged

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

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