Kaplamin Ambalaj Sanayi ve Ticaret A.S. Stock Forecast

Red day on Wednesday for Kaplamin Ambalaj Sanayi ve Ticaret A.S.
(Updated on Jul 03, 2024)

KAPLM.IS Signals & Forecast

A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -10.51%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Kaplamin Ambalaj Sanayi ve Ticaret A.S. 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 230.56. On a fall, the stock will find some support from the long-term average at approximately TRY 203.14. 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.

Support, Risk & Stop-loss for Kaplamin Ambalaj Sanayi ve Ticaret A.S. stock

Kaplamin Ambalaj Sanayi ve Ticaret A.S. finds support from accumulated volume at TRY 226.40 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 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 10.80 between high and low, or 4.78%. For the last week, the stock has had daily average volatility of 5.66%.

Our recommended stop-loss: TRY 220.29 (-4.22%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 26 days ago.)

Trading Expectations (KAPLM.IS) For The Upcoming Trading Day Of Thursday 4th

For the upcoming trading day on Thursday, 4th we expect Kaplamin Ambalaj Sanayi ve Ticaret A.S. to open at TRY 230.93, and during the day (based on 14 day Average True Range), to move between TRY 213.37 and TRY 246.63, which gives a possible trading interval of +/-TRY 16.63 (+/-7.23%) up or down from last closing price. If Kaplamin Ambalaj Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 14.46% 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 226.40 (1.57%) than the resistance at TRY 237.20 (3.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Kaplamin Ambalaj Sanayi ve Ticaret A.S. stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 2.871 Buy Candidate Unchanged

Predicted Opening Price for Kaplamin Ambalaj Sanayi ve Ticaret A.S. of Thursday, July 4, 2024

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