Türkiye Is Bankasi A.S. Stock Forecast
Türkiye Is Bankasi A.S. stock downgraded to Buy Candidate
(Updated on May 02, 2024)
The Türkiye Is Bankasi A.S. stock price fell by -0.511% on the last day (Thursday, 2nd May 2024) from TRY 13.71 to TRY 13.64. During the last trading day the stock fluctuated 3.50% from a day low at TRY 13.41 to a day high of TRY 13.88. The price has risen in 7 of the last 10 days and is up by 12.17% 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 -167 million shares and in total, 282 million shares were bought and sold for approximately TRY 3.85 billion.
The stock lies in the upper part of a wide and strong rising 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 13.75 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 23.16% during the next 3 months and, with a 90% probability hold a price between TRY 14.07 and TRY 16.94 at the end of this 3-month period.
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ISCTR.IS Signals & Forecast
The Türkiye Is 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 13.20 and TRY 11.83. A breakdown below any of these levels will issue sell signals. 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 Tuesday, April 30, 2024, and so far it has fallen -0.511%. 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). 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 Is Bankasi A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 12.76 and TRY 11.46. 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 Is Bankasi A.S. finds support just below today's level at TRY 12.76. If this is broken, then the next support from accumulated volume will be at TRY 11.46 and TRY 10.86.
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 0.470 between high and low, or 3.50%. For the last week, the stock has had daily average volatility of 3.67%.
Our recommended stop-loss: TRY 13.10 (-3.95%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (ISCTR.IS) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Türkiye Is Bankasi A.S. to open at TRY 13.64, and during the day (based on 14 day Average True Range), to move between TRY 13.12 and TRY 14.16, which gives a possible trading interval of +/-TRY 0.525 (+/-3.85%) up or down from last closing price. If Türkiye Is Bankasi A.S. takes out the full calculated possible swing range there will be an estimated 7.70% 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 13.71 (0.51%) than the support at TRY 12.76 (6.45%), 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.
Earnings coming up
Türkiye Is Bankasi A.S. will release earnings BMO on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.690. We will update the financials statements for Türkiye Is Bankasi A.S., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.16% in the first trading day after earnings release.
Is Türkiye Is Bankasi 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 Türkiye Is Bankasi A.S. stock to perform well in the short-term. 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 Buy candidate.
Current score: 3.194 Buy Candidate Downgraded
Predicted Opening Price for Türkiye Is Bankasi A.S. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| TRY 13.64 ( 0.0244%) | TRY 13.64 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ISCTR.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.11 | 3.47 % | |
| R2 | 13.93 | 2.15 % | ||
| R1 | 13.82 | 1.34 % | ||
| Current price: | 13.64 | |||
| Support | S1 | 13.46 | -1.29 % | |
| S2 | 13.35 | -2.11 % | ||
| S3 | 13.17 | -3.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 13.71 | 0.513 % | ||
| Current price | 13.64 | |||
| Support | S1 | 12.76 | -6.45% | |
| S2 | 11.46 | -15.98% | ||
| S3 | 10.86 | -20.38% |
ISCTR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 01, 2024 | Apr 03, 2024 | TRY 0.289 | 2.48% |
| 2 | Apr 03, 2023 | Apr 03, 2023 | Apr 03, 2023 | TRY 0.92 | 18.91% |
| 3 | Mar 29, 2022 | Mar 29, 2022 | Mar 29, 2022 | TRY 0.135 | 8.86% |
| 4 | Apr 02, 2021 | Apr 02, 2021 | Apr 02, 2021 | TRY 0.0681 | 7.58% |
| 5 | Apr 03, 2018 | Apr 03, 2018 | Apr 03, 2018 | TRY 0.133 | 10.88% |
FAQ
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