Kaplamin Ambalaj Sanayi ve Ticaret A.S. Stock Forecast
Red day on Monday for Kaplamin Ambalaj Sanayi ve Ticaret A.S.
(Updated on Apr 22, 2024)
The Kaplamin Ambalaj Sanayi ve Ticaret A.S. stock price fell by -0.606% on the last day (Monday, 22nd Apr 2024) from TRY 165.00 to TRY 164.00. During the last trading day the stock fluctuated 3.68% from a day low at TRY 163.00 to a day high of TRY 169.00. The price has risen in 6 of the last 10 days and is up by 3.86% over the past 2 weeks. Volume has increased on the last day by 27 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 82 thousand shares were bought and sold for approximately TRY 13.40 million.
Given the current short-term trend, the stock is expected to rise 75.18% during the next 3 months and, with a 90% probability hold a price between TRY 287.30 and TRY 370.33 at the end of this 3-month period.
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KAPLM.IS Signals & Forecast
There are few to no technical positive signals at the moment. The Kaplamin Ambalaj Sanayi ve Ticaret A.S. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at TRY 167.33 and TRY 166.74. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -12.58%. 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.
Support, Risk & Stop-loss for Kaplamin Ambalaj Sanayi ve Ticaret A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 146.90 and TRY 141.90. 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, Kaplamin Ambalaj Sanayi ve Ticaret A.S. finds support just below today's level at TRY 146.90. If this is broken, then the next support from accumulated volume will be at TRY 141.90 and TRY 140.40.
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 6.00 between high and low, or 3.68%. For the last week, the stock has had daily average volatility of 5.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KAPLM.IS) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Kaplamin Ambalaj Sanayi ve Ticaret A.S. to open at TRY 165.33, and during the day (based on 14 day Average True Range), to move between TRY 152.11 and TRY 175.89, which gives a possible trading interval of +/-TRY 11.89 (+/-7.25%) 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 14.50% 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 169.00 (3.05%) than the support at TRY 146.90 (10.43%), 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 Kaplamin Ambalaj Sanayi ve Ticaret A.S. stock A Buy?
The Kaplamin Ambalaj Sanayi ve Ticaret A.S. stock holds several negative signals and despite the positive trend, we believe Kaplamin Ambalaj Sanayi ve Ticaret A.S. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.223 Sell Candidate Unchanged
Predicted Opening Price for Kaplamin Ambalaj Sanayi ve Ticaret A.S. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| TRY 165.33 ( 0.81%) | TRY 164.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KAPLM.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 171.33 | 4.47 % | |
| R2 | 169.04 | 3.07 % | ||
| R1 | 167.63 | 2.21 % | ||
| Current price: | 164.00 | |||
| Support | S1 | 163.04 | -0.585 % | |
| S2 | 161.63 | -1.45 % | ||
| S3 | 159.33 | -2.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 170.70 | 4.09 % | |
| R2 | 169.30 | 3.23 % | ||
| R1 | 169.00 | 3.05 % | ||
| Current price | 164.00 | |||
| Support | S1 | 146.90 | -10.43% | |
| S2 | 141.90 | -13.48% | ||
| S3 | 140.40 | -14.39% |
FAQ
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