Kartonsan Karton Sanayi ve Ticaret A.S. Stock Forecast
Stronger technical forecast for Kartonsan Karton Sanayi ve Ticaret A.S. stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The Kartonsan Karton Sanayi ve Ticaret A.S. stock price gained 2.20% on the last trading day (Tuesday, 25th Jun 2024), rising from TRY 118.20 to TRY 120.80. During the last trading day the stock fluctuated 7.84% from a day low at TRY 116.10 to a day high of TRY 125.20. The price has risen in 6 of the last 10 days and is up by 9.32% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 295 thousand more shares were traded than the day before. In total, 542 thousand shares were bought and sold for approximately TRY 65.46 million.
The stock lies the upper part of a wide and falling 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 121.13 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -26.99% during the next 3 months and, with a 90% probability hold a price between TRY 71.25 and TRY 88.43 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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KARTN.IS Signals & Forecast
Mostly positive signals in the chart today. The Kartonsan Karton 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 115.50 and TRY 118.36. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 17.17%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Kartonsan Karton Sanayi ve Ticaret A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 113.50 and TRY 112.40. 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, Kartonsan Karton Sanayi ve Ticaret A.S. finds support just below today's level at TRY 113.50. If this is broken, then the next support from accumulated volume will be at TRY 112.40 and TRY 105.70.
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 9.10 between high and low, or 7.84%. For the last week, the stock has had daily average volatility of 5.44%.
Our recommended stop-loss: TRY 116.02 (-3.96%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (KARTN.IS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Kartonsan Karton Sanayi ve Ticaret A.S. to open at TRY 120.70, and during the day (based on 14 day Average True Range), to move between TRY 114.12 and TRY 127.48, which gives a possible trading interval of +/-TRY 6.68 (+/-5.53%) up or down from last closing price. If Kartonsan Karton Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 11.06% 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 124.80 (3.31%) than the support at TRY 113.50 (6.04%), 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 Kartonsan Karton 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: 2.460 Buy Candidate Upgraded
Predicted Opening Price for Kartonsan Karton Sanayi ve Ticaret A.S. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| TRY 120.70 ( 0.0828%) | TRY 120.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KARTN.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 129.80 | 7.45% |
| R2 | 126.32 | 4.57% |
| R1 | 124.18 | 2.79% |
| Price | 120.80 | |
| S1 | 117.22 | -2.96% |
| S2 | 115.08 | -4.74% |
| S3 | 111.60 | -7.62% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 149.00 | 23.34% |
| R2 | 140.00 | 15.89% |
| R1 | 124.80 | 3.31% |
| Price | 120.80 | |
| S1 | 113.50 | -6.04% |
| S2 | 112.40 | -6.95% |
| S3 | 105.70 | -12.50% |
KARTN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 05, 2023 | Apr 05, 2023 | Apr 07, 2023 | TRY 1.84 | 2.61% |
| 2 | Apr 05, 2022 | Apr 05, 2022 | Apr 05, 2022 | TRY 1.83 | 3.24% |
| 3 | Apr 02, 2021 | Apr 02, 2021 | Apr 02, 2021 | TRY 0.650 | 0.93% |
| 4 | May 08, 2020 | May 08, 2020 | May 08, 2020 | TRY 0.154 | 0.93% |
| 5 | Apr 03, 2020 | Apr 03, 2020 | Apr 03, 2020 | TRY 11.85 | 97.00% |
FAQ
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