KUZEY BORU Stock Forecast
KUZEY BORU stock price up 1.42% on Friday
(Updated on May 17, 2024)
The KUZEY BORU stock price gained 1.42% on the last trading day (Friday, 17th May 2024), rising from TRY 91.70 to TRY 93.00. During the last trading day the stock fluctuated 4.54% from a day low at TRY 91.40 to a day high of TRY 95.55. The price has fallen in 7 of the last 10 days and is down by -10.58% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 688 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately TRY 321.92 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 -38.31% during the next 3 months and, with a 90% probability hold a price between TRY 50.57 and TRY 73.10 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 Wednesday, May 15, 2024, and so far it has risen 1.42%. Further rise is indicated until a new top pivot has been found. 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 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 93.60 and TRY 106.19. 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 91.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 4.15 between high and low, or 4.54%. For the last week, the stock has had daily average volatility of 4.36%.
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 20th
For the upcoming trading day on Monday, 20th we expect KUZEY BORU to open at TRY 93.32, and during the day (based on 14 day Average True Range), to move between TRY 87.04 and TRY 98.96, which gives a possible trading interval of +/-TRY 5.96 (+/-6.41%) up or down from last closing price. If KUZEY BORU takes out the full calculated possible swing range there will be an estimated 12.82% 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 91.95 (1.13%) than the resistance at TRY 107.20 (15.27%), 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: -1.690 Sell Candidate Unchanged
Predicted Opening Price for KUZEY BORU of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| TRY 93.32 ( 0.341%) | TRY 93.00 |
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 | 97.47 | 4.80 % | |
| R2 | 95.88 | 3.10 % | ||
| R1 | 94.90 | 2.05 % | ||
| Current price: | 93.00 | |||
| Support | S1 | 91.73 | -1.36 % | |
| S2 | 90.75 | -2.42 % | ||
| S3 | 89.17 | -4.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 112.50 | 20.97 % | |
| R2 | 108.40 | 16.56 % | ||
| R1 | 107.20 | 15.27 % | ||
| Current price | 93.00 | |||
| Support | S1 | 91.95 | -1.13% | |
| S2 | 91.80 | -1.29% | ||
| S3 | 91.70 | -1.40% |
FAQ
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