Euro Kapital Yatirim Ortakligi Anonim Stock Forecast
Is Euro Kapital Yatirim Ortakligi Anonim stock still a buy after falling -6.47% on Thursday?
(Updated on Apr 18, 2024)
The Euro Kapital Yatirim Ortakligi Anonim stock price fell by -6.47% on the last day (Thursday, 18th Apr 2024) from TRY 27.50 to TRY 25.72. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.92% from a day low at TRY 25.72 to a day high of TRY 27.50. The price has fallen in 6 of the last 10 days and is down by -9.56% for this period. 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 -38 thousand shares and in total, 397 thousand shares were bought and sold for approximately TRY 10.21 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 24.59 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 73.09% during the next 3 months and, with a 90% probability hold a price between TRY 42.56 and TRY 54.80 at the end of this 3-month period.
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EUKYO.IS Signals & Forecast
The Euro Kapital Yatirim Ortakligi Anonim 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 28.25. On a fall, the stock will find some support from the long-term average at approximately TRY 24.56. 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 Monday, April 15, 2024, and so far it has fallen -17.03%. 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 Euro Kapital Yatirim Ortakligi Anonim stock
Euro Kapital Yatirim Ortakligi Anonim finds support from accumulated volume at TRY 24.64 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 1.78 between high and low, or 6.92%. For the last week, the stock has had daily average volatility of 10.52%.
Our recommended stop-loss: TRY 24.20 (-5.92%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (EUKYO.IS) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Euro Kapital Yatirim Ortakligi Anonim Sirketi to open at TRY 26.31, and during the day (based on 14 day Average True Range), to move between TRY 23.41 and TRY 28.03, which gives a possible trading interval of +/-TRY 2.31 (+/-8.96%) up or down from last closing price. If Euro Kapital Yatirim Ortakligi Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 17.92% 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 25.86 (0.54%) than the support at TRY 24.64 (4.20%), 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 Euro Kapital Yatirim Ortakligi Anonim Sirketi 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 Euro Kapital Yatirim Ortakligi Anonim stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.396 Buy Candidate Upgraded
Predicted Opening Price for Euro Kapital Yatirim Ortakligi Anonim Sirketi of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| TRY 26.31 ( 2.31%) | TRY 25.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EUKYO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.09 | 9.23 % | |
| R2 | 27.41 | 6.58 % | ||
| R1 | 26.99 | 4.95 % | ||
| Current price: | 25.72 | |||
| Support | S1 | 25.63 | -0.337 % | |
| S2 | 25.21 | -1.97 % | ||
| S3 | 24.53 | -4.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.10 | 5.37 % | |
| R2 | 25.90 | 0.700 % | ||
| R1 | 25.86 | 0.544 % | ||
| Current price | 25.72 | |||
| Support | S1 | 24.64 | -4.20% | |
| S2 | 22.60 | -12.13% | ||
| S3 | 20.40 | -20.68% |
FAQ
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