Kartonsan Karton Sanayi ve Ticaret A.S. Stock Forecast
Kartonsan Karton Sanayi ve Ticaret A.S. stock price ended at TRY 118.10 on Friday, after losing 1.17%.
(Updated on Jun 28, 2024)
The Kartonsan Karton Sanayi ve Ticaret A.S. stock price fell by -1.17% on the last day (Friday, 28th Jun 2024) from TRY 119.50 to TRY 118.10. During the last trading day the stock fluctuated 4.06% from a day low at TRY 118.10 to a day high of TRY 122.90. The price has risen in 7 of the last 10 days and is up by 14.55% over the past 2 weeks. Volume has increased on the last day by 42 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, 364 thousand shares were bought and sold for approximately TRY 42.95 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 119.89 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 -25.37% during the next 3 months and, with a 90% probability hold a price between TRY 71.61 and TRY 89.47 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
The Kartonsan Karton 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 118.71. On a fall, the stock will find some support from the long-term average at approximately TRY 117.15. 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 Tuesday, June 11, 2024, and so far it has risen 14.55%. 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 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 113.50 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 4.80 between high and low, or 4.06%. For the last week, the stock has had daily average volatility of 5.36%.
Our recommended stop-loss: TRY 114.05 (-3.43%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (KARTN.IS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Kartonsan Karton Sanayi ve Ticaret A.S. to open at TRY 119.70, and during the day (based on 14 day Average True Range), to move between TRY 111.77 and TRY 124.43, which gives a possible trading interval of +/-TRY 6.33 (+/-5.36%) 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 10.71% 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 113.50 (3.90%) than the resistance at TRY 124.80 (5.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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.
Current score: 3.445 Buy Candidate Unchanged
Predicted Opening Price for Kartonsan Karton Sanayi ve Ticaret A.S. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| TRY 119.70 ( 1.35%) | TRY 118.10 |
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 | 124.50 | 5.42% |
| R2 | 122.67 | 3.87% |
| R1 | 121.53 | 2.91% |
| Price | 118.10 | |
| S1 | 117.87 | -0.198% |
| S2 | 116.73 | -1.16% |
| S3 | 114.90 | -2.71% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 141.20 | 19.56% |
| R2 | 140.00 | 18.54% |
| R1 | 124.80 | 5.67% |
| Price | 118.10 | |
| S1 | 113.50 | -3.90% |
| S2 | 112.40 | -4.83% |
| S3 | 105.70 | -10.50% |
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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