Kartal Yenilenebilir Enerji Uretim A.S. Stock Forecast
Red day on Friday for Kartal Yenilenebilir Enerji Uretim A.S. stock after losing 1.66%
(Updated on Jun 28, 2024)
The Kartal Yenilenebilir Enerji Uretim A.S. stock price fell by -1.66% on the last day (Friday, 28th Jun 2024) from TRY 31.24 to TRY 30.72. During the last trading day the stock fluctuated 5.01% from a day low at TRY 30.34 to a day high of TRY 31.86. The price has been going up and down for this period, and there has been a -7.47% loss for the last 2 weeks. Volume has increased on the last day by 6 million 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, 7 million shares were bought and sold for approximately TRY 202.37 million.
The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point (TRY 32.23) are considered to be a "second chance" to get out. According to the fan-theory TRY 25.60 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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KARYE.IS Signals & Forecast
There are few to no technical positive signals at the moment. The Kartal Yenilenebilir Enerji Uretim 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 32.18 and TRY 36.02. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -27.85%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Kartal Yenilenebilir Enerji Uretim A.S. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved TRY 1.52 between high and low, or 5.01%. For the last week, the stock has had daily average volatility of 4.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KARYE.IS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Kartal Yenilenebilir Enerji Uretim A.S. to open at TRY 30.97, and during the day (based on 14 day Average True Range), to move between TRY 29.08 and TRY 32.36, which gives a possible trading interval of +/-TRY 1.64 (+/-5.33%) up or down from last closing price. If Kartal Yenilenebilir Enerji Uretim A.S. takes out the full calculated possible swing range there will be an estimated 10.65% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ TRY 33.60, some TRY 2.88 (9.38%) from the current price of TRY 30.72, our system finds the risk reward not very attractive.
Is Kartal Yenilenebilir Enerji Uretim A.S. stock A Buy?
Kartal Yenilenebilir Enerji Uretim A.S. holds several negative signals and is within a 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: -3.188 Sell Candidate Unchanged
Predicted Opening Price for Kartal Yenilenebilir Enerji Uretim A.S. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| TRY 30.97 ( 0.82%) | TRY 30.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KARYE.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.49 | 5.77% |
| R2 | 31.91 | 3.88% |
| R1 | 31.55 | 2.71% |
| Price | 30.72 | |
| S1 | 30.39 | -1.07% |
| S2 | 30.03 | -2.23% |
| S3 | 29.45 | -4.12% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 37.08 | 20.70% |
| R2 | 37.00 | 20.44% |
| R1 | 33.60 | 9.38% |
| Price | 30.72 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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