Kocaer Celik Sanayi ve Ticaret Anonim Stock Forecast
Kocaer Celik Sanayi ve Ticaret Anonim stock price ended at TRY 60.20 on Thursday, after losing 2.03%.
(Updated on May 09, 2024)
The Kocaer Celik Sanayi ve Ticaret Anonim stock price fell by -2.03% on the last day (Thursday, 9th May 2024) from TRY 61.45 to TRY 60.20. During the last trading day the stock fluctuated 4.02% from a day low at TRY 59.70 to a day high of TRY 62.10. The price has risen in 6 of the last 10 days and is up by 5.8% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 million shares and in total, 7 million shares were bought and sold for approximately TRY 422.26 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 17.61% during the next 3 months and, with a 90% probability hold a price between TRY 55.67 and TRY 87.06 at the end of this 3-month period.
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KCAER.IS Signals & Forecast
The Kocaer Celik Sanayi ve Ticaret Anonim 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 60.64. On a fall, the stock will find some support from the long-term average at approximately TRY 53.96. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -5.12%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Kocaer Celik Sanayi ve Ticaret Anonim stock
Kocaer Celik Sanayi ve Ticaret Anonim finds support from accumulated volume at TRY 58.90 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 2.40 between high and low, or 4.02%. For the last week, the stock has had daily average volatility of 6.09%.
Our recommended stop-loss: TRY 56.73 (-5.76%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (KCAER.IS) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Kocaer Celik Sanayi ve Ticaret Anonim Sirketi to open at TRY 60.67, and during the day (based on 14 day Average True Range), to move between TRY 56.82 and TRY 63.58, which gives a possible trading interval of +/-TRY 3.38 (+/-5.62%) up or down from last closing price. If Kocaer Celik Sanayi ve Ticaret Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 11.24% 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 61.40 (1.99%) than the support at TRY 58.90 (2.16%), 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 Kocaer Celik Sanayi ve Ticaret Anonim Sirketi stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Kocaer Celik Sanayi ve Ticaret Anonim stock to perform well in the short-term.
Current score: 2.390 Buy Candidate Unchanged
Predicted Opening Price for Kocaer Celik Sanayi ve Ticaret Anonim Sirketi of Friday, May 10, 2024
Fair opening price May 10, 2024 | Current price |
---|---|
TRY 60.67 ( 0.775%) | TRY 60.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KCAER.IS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 63.07 | 4.76 % | |
R2 | 62.15 | 3.24 % | ||
R1 | 61.58 | 2.30 % | ||
Current price: | 60.20 | |||
Support | S1 | 59.75 | -0.748 % | |
S2 | 59.18 | -1.69 % | ||
S3 | 58.27 | -3.21 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 63.45 | 5.40 % | |
R2 | 63.25 | 5.07 % | ||
R1 | 61.40 | 1.99 % | ||
Current price | 60.20 | |||
Support | S1 | 58.90 | -2.16% | |
S2 | 57.50 | -4.49% | ||
S3 | 49.86 | -17.18% |
FAQ
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