Türkiye Halk Bankasi A.S. Stock Forecast
Türkiye Halk Bankasi A.S. stock downgraded to Hold/Accumulate
(Updated on Apr 25, 2024)
The Türkiye Halk Bankasi A.S. stock price fell by -4.86% on the last day (Thursday, 25th Apr 2024) from TRY 16.24 to TRY 15.45. During the last trading day the stock fluctuated 6.89% from a day low at TRY 15.39 to a day high of TRY 16.45. The price has been going up and down for this period, and there has been a 2.66% gain for the last 2 weeks. 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 -92 million shares and in total, 111 million shares were bought and sold for approximately TRY 1.72 billion.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.60% during the next 3 months and, with a 90% probability hold a price between TRY 14.07 and TRY 17.89 at the end of this 3-month period.
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HALKB.IS Signals & Forecast
The Türkiye Halk Bankasi A.S. 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 14.92 and TRY 14.04. 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). 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 Wednesday, April 24, 2024, and so far it has fallen -4.86%. 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 Türkiye Halk Bankasi A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 14.39 and TRY 14.22. 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, Türkiye Halk Bankasi A.S. finds support just below today's level at TRY 14.39. If this is broken, then the next support from accumulated volume will be at TRY 14.22 and TRY 13.15.
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 1.06 between high and low, or 6.89%. For the last week, the stock has had daily average volatility of 5.51%.
Our recommended stop-loss: TRY 14.59 (-5.59%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (HALKB.IS) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Türkiye Halk Bankasi A.S. to open at TRY 15.76, and during the day (based on 14 day Average True Range), to move between TRY 14.67 and TRY 16.23, which gives a possible trading interval of +/-TRY 0.781 (+/-5.06%) up or down from last closing price. If Türkiye Halk Bankasi A.S. takes out the full calculated possible swing range there will be an estimated 10.11% 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 15.51 (0.39%) than the support at TRY 14.39 (6.86%), 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 Türkiye Halk Bankasi A.S. stock A Buy?
Türkiye Halk Bankasi A.S. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.
Current score: 0.521 Hold/Accumulate Downgraded
Predicted Opening Price for Türkiye Halk Bankasi A.S. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| TRY 15.76 ( 2.03%) | TRY 15.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HALKB.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.82 | 8.89 % | |
| R2 | 16.42 | 6.27 % | ||
| R1 | 16.17 | 4.65 % | ||
| Current price: | 15.45 | |||
| Support | S1 | 15.36 | -0.593 % | |
| S2 | 15.11 | -2.21 % | ||
| S3 | 14.70 | -4.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.55 | 7.12 % | |
| R2 | 16.24 | 5.11 % | ||
| R1 | 15.51 | 0.388 % | ||
| Current price | 15.45 | |||
| Support | S1 | 14.39 | -6.86% | |
| S2 | 14.22 | -7.96% | ||
| S3 | 13.15 | -14.89% |
HALKB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 15, 2018 | Aug 15, 2018 | Aug 15, 2018 | TRY 0.149 | 2.57% |
| 2 | Apr 30, 2018 | Apr 30, 2018 | Apr 30, 2018 | TRY 0.298 | 3.63% |
| 3 | Jun 12, 2017 | Jun 12, 2017 | Jun 12, 2017 | TRY 0.205 | 1.57% |
| 4 | May 09, 2017 | May 09, 2017 | May 09, 2017 | TRY 0.205 | 1.74% |
| 5 | Apr 04, 2017 | Apr 04, 2017 | Apr 04, 2017 | TRY 0.205 | 1.98% |
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