Karel Elektronik Sanayi Ve Ticaret A.S. Stock Forecast
Karel Elektronik Sanayi Ve Ticaret A.S. stock price down 0.505% on Friday
(Updated on Jun 21, 2024)
The Karel Elektronik Sanayi Ve Ticaret A.S. stock price fell by -0.505% on the last day (Friday, 21st Jun 2024) from TRY 15.84 to TRY 15.76. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.95% from a day low at TRY 15.44 to a day high of TRY 16.05. The price has fallen in 5 of the last 10 days but is still up by 5.07% 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 -3 million shares and in total, 3 million shares were bought and sold for approximately TRY 43.93 million.
The stock lies in the middle of a wide and strong 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 10.47% during the next 3 months and, with a 90% probability hold a price between TRY 16.42 and TRY 19.24 at the end of this 3-month period.
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KAREL.IS Signals & Forecast
The Karel Elektronik 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 15.87. On a fall, the stock will find some support from the long-term average at approximately TRY 15.51. 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. A buy signal was issued from a pivot bottom point on Monday, June 03, 2024, and so far it has risen 7.21%. 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 Karel Elektronik Sanayi Ve Ticaret A.S. stock
Karel Elektronik Sanayi Ve Ticaret A.S. finds support from accumulated volume at TRY 15.50 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 0.610 between high and low, or 3.95%. For the last week, the stock has had daily average volatility of 5.44%.
Our recommended stop-loss: TRY 14.91 (-5.39%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (KAREL.IS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Karel Elektronik Sanayi Ve Ticaret A.S. to open at TRY 15.75, and during the day (based on 14 day Average True Range), to move between TRY 15.02 and TRY 16.50, which gives a possible trading interval of +/-TRY 0.735 (+/-4.66%) up or down from last closing price. If Karel Elektronik Sanayi Ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 9.33% 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 15.91 (0.95%) than the support at TRY 15.50 (1.65%), 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 Karel Elektronik Sanayi Ve Ticaret 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 Karel Elektronik Sanayi Ve Ticaret A.S. stock to perform well in the short-term.
Current score: 2.511 Buy Candidate Unchanged
Predicted Opening Price for Karel Elektronik Sanayi Ve Ticaret A.S. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| TRY 15.75 ( 0.0635%) | TRY 15.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KAREL.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.36 | 3.81% |
| R2 | 16.13 | 2.33% |
| R1 | 15.98 | 1.42% |
| Price | 15.76 | |
| S1 | 15.52 | -1.54% |
| S2 | 15.37 | -2.46% |
| S3 | 15.14 | -3.93% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.34 | 3.68% |
| R2 | 15.99 | 1.46% |
| R1 | 15.91 | 0.95% |
| Price | 15.76 | |
| S1 | 15.50 | -1.65% |
| S2 | 15.49 | -1.71% |
| S3 | 15.40 | -2.28% |
FAQ
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