Kartonsan Karton Sanayi ve Ticaret A.S. Stock Forecast
Red day on Wednesday for Kartonsan Karton Sanayi ve Ticaret A.S. stock after losing 0.366%
(Updated on Jul 03, 2024)
The Kartonsan Karton Sanayi ve Ticaret A.S. stock price fell by -0.366% on the last day (Wednesday, 3rd Jul 2024) from TRY 109.40 to TRY 109.00. During the last trading day the stock fluctuated 3.83% from a day low at TRY 107.00 to a day high of TRY 111.10. The price has fallen in 5 of the last 10 days and is down by -4.05% for this period. Volume has increased on the last day by 258 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, 472 thousand shares were bought and sold for approximately TRY 51.47 million.
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 -23.49% during the next 3 months and, with a 90% probability hold a price between TRY 72.36 and TRY 91.63 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
A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 5.72%. 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. The Kartonsan Karton 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. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at TRY 114.60 and TRY 115.54. A break-up above any of these levels will issue buy signals. 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 Kartonsan Karton Sanayi ve Ticaret A.S. stock
Kartonsan Karton Sanayi ve Ticaret A.S. finds support from accumulated volume at TRY 105.70 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 4.10 between high and low, or 3.83%. For the last week, the stock has had daily average volatility of 5.32%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KARTN.IS) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Kartonsan Karton Sanayi ve Ticaret A.S. to open at TRY 109.03, and during the day (based on 14 day Average True Range), to move between TRY 102.71 and TRY 115.29, which gives a possible trading interval of +/-TRY 6.29 (+/-5.77%) 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 11.54% 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 105.70 (3.03%) than the resistance at TRY 112.40 (3.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Kartonsan Karton Sanayi ve Ticaret A.S. will release earnings BMO on Friday, July 05, 2024. We will update the financials statements for Kartonsan Karton Sanayi ve Ticaret A.S., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.71% in the first trading day after earnings release.
Is Kartonsan Karton Sanayi ve Ticaret A.S. stock A Buy?
Kartonsan Karton Sanayi ve Ticaret A.S. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.462 Sell Candidate Unchanged
Predicted Opening Price for Kartonsan Karton Sanayi ve Ticaret A.S. of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| TRY 109.03 ( 0.0306%) | TRY 109.00 |
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 | 113.13 | 3.79% |
| R2 | 111.57 | 2.36% |
| R1 | 110.60 | 1.47% |
| Price | 109.00 | |
| S1 | 107.47 | -1.41% |
| S2 | 106.50 | -2.29% |
| S3 | 104.93 | -3.73% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 124.80 | 14.50% |
| R2 | 121.00 | 11.01% |
| R1 | 112.40 | 3.12% |
| Price | 109.00 | |
| S1 | 105.70 | -3.03% |
| S2 | 104.00 | -4.59% |
| S3 | 103.70 | -4.86% |
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% |
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