Hektas Ticaret T.A.S. Stock Forecast
Hektas Ticaret T.A.S. stock price down 0.247% on Wednesday
(Updated on May 08, 2024)
The Hektas Ticaret T.A.S. stock price fell by -0.247% on the last day (Wednesday, 8th May 2024) from TRY 16.21 to TRY 16.17. During the last trading day the stock fluctuated 3.06% from a day low at TRY 16.02 to a day high of TRY 16.51. The price has risen in 6 of the last 10 days and is up by 4.52% over the past 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 -55 million shares and in total, 40 million shares were bought and sold for approximately TRY 653.59 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at TRY 16.75 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -26.42% during the next 3 months and, with a 90% probability hold a price between TRY 9.17 and TRY 12.32 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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HEKTS.IS Signals & Forecast
The Hektas Ticaret T.A.S. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at TRY 15.84 and TRY 16.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 11.21%. Further rise is indicated until a new top pivot has been found. 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. 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 Hektas Ticaret T.A.S. stock
Hektas Ticaret T.A.S. finds support from accumulated volume at TRY 16.04 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 0.490 between high and low, or 3.06%. For the last week, the stock has had daily average volatility of 4.47%.
Our recommended stop-loss: TRY 15.25 (-5.72%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (HEKTS.IS) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Hektas Ticaret T.A.S. to open at TRY 16.23, and during the day (based on 14 day Average True Range), to move between TRY 15.55 and TRY 16.79, which gives a possible trading interval of +/-TRY 0.620 (+/-3.84%) up or down from last closing price. If Hektas Ticaret T.A.S. takes out the full calculated possible swing range there will be an estimated 7.67% 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 16.04 (0.80%) than the resistance at TRY 18.04 (11.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Hektas Ticaret T.A.S. will release earnings BMO on Wednesday, May 08, 2024. We will update the financials statements for Hektas Ticaret T.A.S., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.19% in the first trading day after earnings release.
Is Hektas Ticaret T.A.S. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 3.159 Buy Candidate Unchanged
Predicted Opening Price for Hektas Ticaret T.A.S. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| TRY 16.23 ( 0.392%) | TRY 16.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HEKTS.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.72 | 3.42 % | |
| R2 | 16.54 | 2.26 % | ||
| R1 | 16.42 | 1.55 % | ||
| Current price: | 16.17 | |||
| Support | S1 | 16.05 | -0.766 % | |
| S2 | 15.93 | -1.48 % | ||
| S3 | 15.74 | -2.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.98 | 23.56 % | |
| R2 | 19.10 | 18.12 % | ||
| R1 | 18.04 | 11.56 % | ||
| Current price | 16.17 | |||
| Support | S1 | 16.04 | -0.80% | |
| S2 | 15.95 | -1.36% | ||
| S3 | 15.63 | -3.34% |
HEKTS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 02, 2019 | Dec 02, 2019 | Dec 02, 2019 | TRY 0.0090 | 2.22% |
| 2 | Dec 01, 2017 | Dec 01, 2017 | Dec 01, 2017 | TRY 0.0077 | 5.59% |
| 3 | Nov 30, 2016 | Nov 30, 2016 | Nov 30, 2016 | TRY 0.0055 | 8.05% |
| 4 | Nov 27, 2015 | Nov 27, 2015 | Nov 27, 2015 | TRY 0.0048 | 8.99% |
| 5 | Nov 28, 2014 | Nov 28, 2014 | Nov 28, 2014 | TRY 0.0037 | 7.27% |
FAQ
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