Kent Gida Maddeleri Sanayii ve Ticaret Stock Forecast
Volatile ride for Kent Gida Maddeleri Sanayii ve Ticaret stock price on Friday moving between TRY 1,332.00 and TRY 1,476.00
(Updated on May 03, 2024)
The Kent Gida Maddeleri Sanayii ve Ticaret stock price gained 2.50% on the last trading day (Friday, 3rd May 2024), rising from TRY 1,440.00 to TRY 1,476.00. During the last trading day the stock fluctuated 10.81% from a day low at TRY 1,332.00 to a day high of TRY 1,476.00. The price has been going up and down for this period, and there has been a 12.67% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 10 thousand shares were bought and sold for approximately TRY 14.94 million.
The stock lies in the middle of a 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 166.76% during the next 3 months and, with a 90% probability hold a price between TRY 3,526.93 and TRY 4,360.53 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
KENT.IS Signals & Forecast
The Kent Gida Maddeleri Sanayii ve Ticaret 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 1,473.43 and TRY 1,241.74. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -4.65%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Kent Gida Maddeleri Sanayii ve Ticaret stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 1,376.00 and TRY 1,315.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Kent Gida Maddeleri Sanayii ve Ticaret finds support just below today's level at TRY 1,376.00. If this is broken, then the next support from accumulated volume will be at TRY 1,315.00 and TRY 1,250.00.
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 144.00 between high and low, or 10.81%. For the last week, the stock has had daily average volatility of 6.91%.
Our recommended stop-loss: TRY 1,399.32 (-5.20%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (KENT.IS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Kent Gida Maddeleri Sanayii ve Ticaret A.S. to open at TRY 1,428.00, and during the day (based on 14 day Average True Range), to move between TRY 1,381.09 and TRY 1,570.91, which gives a possible trading interval of +/-TRY 94.91 (+/-6.43%) up or down from last closing price. If Kent Gida Maddeleri Sanayii ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 12.86% 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 1,542.00 (4.47%) than the support at TRY 1,376.00 (6.78%), 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 Kent Gida Maddeleri Sanayii ve Ticaret A.S. 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 Kent Gida Maddeleri Sanayii ve Ticaret stock to perform well in the short-term.
Current score: 3.004 Buy Candidate Unchanged
Predicted Opening Price for Kent Gida Maddeleri Sanayii ve Ticaret A.S. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| TRY 1,428.00 ( 3.25%) | TRY 1,476.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KENT.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,572.00 | 6.50 % | |
| R2 | 1,516.99 | 2.78 % | ||
| R1 | 1,483.01 | 0.475 % | ||
| Current price: | 1,476.00 | |||
| Support | S1 | 1,372.99 | -6.98 % | |
| S2 | 1,339.01 | -9.28 % | ||
| S3 | 1,284.00 | -13.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 1,548.00 | 4.88 % | ||
| R1 | 1,542.00 | 4.47 % | ||
| Current price | 1,476.00 | |||
| Support | S1 | 1,376.00 | -6.78% | |
| S2 | 1,315.00 | -10.91% | ||
| S3 | 1,250.00 | -15.31% |
FAQ
Click here for our free guide on how to buy Kent Gida Maddeleri Sanayii ve Ticaret A.S. Stock.
