Kocaer Celik Sanayi ve Ticaret Anonim Stock Forecast

Green day on Friday for Kocaer Celik Sanayi ve Ticaret Anonim stock after gaining 1.67%
(Updated on May 17, 2024)

KCAER.IS Signals & Forecast

The Kocaer Celik Sanayi ve Ticaret Anonim stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at TRY 57.71 and TRY 54.79. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -8.75%. 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).

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 57.50 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 1.55 between high and low, or 2.71%. For the last week, the stock has had daily average volatility of 3.35%.

Our recommended stop-loss: TRY 54.37 (-6.10%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (KCAER.IS) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Kocaer Celik Sanayi ve Ticaret Anonim Sirketi to open at TRY 57.88, and during the day (based on 14 day Average True Range), to move between TRY 55.01 and TRY 60.79, which gives a possible trading interval of +/-TRY 2.89 (+/-4.99%) 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 9.98% 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 57.50 (0.69%) than the resistance at TRY 58.90 (1.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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: 3.613 Buy Candidate Unchanged

Predicted Opening Price for Kocaer Celik Sanayi ve Ticaret Anonim Sirketi of Monday, May 20, 2024

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