Katmerciler Arac Üstü Ekipman Sanayi Stock Forecast

Green day on Thursday for Katmerciler Arac Üstü Ekipman Sanayi stock after gaining 1.97%
(Updated on Jun 20, 2024)

KATMR.IS Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 6.70%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Katmerciler Arac Üstü Ekipman Sanayi stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at TRY 2.21. On a fall, the stock will find some support from the short-term average at TRY 1.99. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Katmerciler Arac Üstü Ekipman Sanayi stock

Katmerciler Arac Üstü Ekipman Sanayi finds support from accumulated volume at TRY 2.05 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 0.0500 between high and low, or 2.45%. For the last week, the stock has had daily average volatility of 2.22%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (KATMR.IS) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. to open at TRY 2.07, and during the day (based on 14 day Average True Range), to move between TRY 2.00 and TRY 2.14, which gives a possible trading interval of +/-TRY 0.0720 (+/-3.48%) up or down from last closing price. If Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 6.96% 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 2.09 (0.97%) than the support at TRY 2.05 (0.97%), 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 Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. stock A Buy?

Katmerciler Arac Üstü Ekipman Sanayi holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.724 Sell Candidate Unchanged

Predicted Opening Price for Katmerciler Arac Üstü Ekipman Sanayi ve Ticaret A.S. of Friday, June 21, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.