KUZEY BORU Stock Forecast
KUZEY BORU stock price ended at TRY 104.00 on Friday, after gaining 2.46%.
(Updated on May 03, 2024)
The KUZEY BORU stock price gained 2.46% on the last trading day (Friday, 3rd May 2024), rising from TRY 101.50 to TRY 104.00. During the last trading day the stock fluctuated 7.23% from a day low at TRY 101.00 to a day high of TRY 108.30. The price has been going up and down for this period, and there has been a -4.32% loss for the last 2 weeks. Volume fell on the last day by -1 million shares and in total, 3 million shares were bought and sold for approximately TRY 350.05 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 99.32 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -30.58% during the next 3 months and, with a 90% probability hold a price between TRY 68.94 and TRY 96.82 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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KBORU.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 2.56%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The KUZEY BORU 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 104.44 and TRY 114.16. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for KUZEY BORU stock
KUZEY BORU finds support from accumulated volume at TRY 103.70 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 7.30 between high and low, or 7.23%. For the last week, the stock has had daily average volatility of 4.64%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KBORU.IS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect KUZEY BORU to open at TRY 104.43, and during the day (based on 14 day Average True Range), to move between TRY 96.49 and TRY 111.51, which gives a possible trading interval of +/-TRY 7.51 (+/-7.22%) up or down from last closing price. If KUZEY BORU takes out the full calculated possible swing range there will be an estimated 14.44% 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 103.70 (0.29%) than the resistance at TRY 108.40 (4.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is KUZEY BORU stock A Buy?
KUZEY BORU 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: -2.233 Sell Candidate Unchanged
Predicted Opening Price for KUZEY BORU of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| TRY 104.43 ( 0.417%) | TRY 104.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KBORU.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 111.73 | 7.44 % | |
| R2 | 108.94 | 4.75 % | ||
| R1 | 107.22 | 3.10 % | ||
| Current price: | 104.00 | |||
| Support | S1 | 101.64 | -2.26 % | |
| S2 | 99.92 | -3.92 % | ||
| S3 | 97.13 | -6.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 128.00 | 23.08 % | |
| R2 | 112.50 | 8.17 % | ||
| R1 | 108.40 | 4.23 % | ||
| Current price | 104.00 | |||
| Support | S1 | 103.70 | -0.288% | |
| S2 | 101.50 | -2.40% | ||
| S3 | 101.40 | -2.50% |
FAQ
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