Karel Elektronik Sanayi Ve Ticaret A.S. Stock Forecast
Stronger technical forecast for Karel Elektronik Sanayi Ve Ticaret A.S. stock price after Wednesday trading.
(Updated on Apr 24, 2024)
The Karel Elektronik Sanayi Ve Ticaret A.S. stock price gained 1.91% on the last trading day (Wednesday, 24th Apr 2024), rising from TRY 15.20 to TRY 15.49. During the last trading day the stock fluctuated 3.03% from a day low at TRY 15.17 to a day high of TRY 15.63. The price has risen in 6 of the last 10 days and is up by 15% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 3 million shares were bought and sold for approximately TRY 50.09 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.69% during the next 3 months and, with a 90% probability hold a price between TRY 13.03 and TRY 16.83 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
KAREL.IS Signals & Forecast
Mostly positive signals in the chart today. The Karel Elektronik Sanayi Ve Ticaret 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 14.82 and TRY 15.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 15.00%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
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 15.16 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 0.460 between high and low, or 3.03%. For the last week, the stock has had daily average volatility of 6.12%.
Our recommended stop-loss: TRY 14.98 (-3.28%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (KAREL.IS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Karel Elektronik Sanayi Ve Ticaret A.S. to open at TRY 15.43, and during the day (based on 14 day Average True Range), to move between TRY 14.75 and TRY 16.23, which gives a possible trading interval of +/-TRY 0.743 (+/-4.80%) 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 9.60% 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 15.51 (0.13%) than the support at TRY 15.16 (2.13%), 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 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.052 Buy Candidate Upgraded
Predicted Opening Price for Karel Elektronik Sanayi Ve Ticaret A.S. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| TRY 15.43 ( 0.387%) | TRY 15.49 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 15.89 | 2.58 % | |
| R2 | 15.71 | 1.45 % | ||
| R1 | 15.61 | 0.747 % | ||
| Current price: | 15.49 | |||
| Support | S1 | 15.25 | -1.52 % | |
| S2 | 15.15 | -2.22 % | ||
| S3 | 14.97 | -3.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.60 | 13.62 % | |
| R2 | 16.25 | 4.91 % | ||
| R1 | 15.51 | 0.129 % | ||
| Current price | 15.49 | |||
| Support | S1 | 15.16 | -2.13% | |
| S2 | 14.25 | -8.01% | ||
| S3 | 13.36 | -13.75% |
FAQ
Click here for our free guide on how to buy Karel Elektronik Sanayi Ve Ticaret A.S. Stock.
