Kervansaray Yatirim Holding A.S. Stock Forecast
Kervansaray Yatirim Holding A.S. stock price ended at TRY 2.00 on Friday, after gaining 1.01%.
(Updated on May 17, 2024)
The Kervansaray Yatirim Holding A.S. stock price gained 1.01% on the last trading day (Friday, 17th May 2024), rising from TRY 1.98 to TRY 2.00. During the last trading day the stock fluctuated 0% from a day low at TRY 2.00 to a day high of TRY 2.00. The price has fallen in 4 of the last 10 days and is down by -7.41% for this period. Volume fell on the last day by -348 thousand shares and in total, 614 thousand shares were bought and sold for approximately TRY 1.23 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 middle of a very wide and weak 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 6.00% during the next 3 months and, with a 90% probability hold a price between TRY 1.78 and TRY 2.95 at the end of this 3-month period.
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KERVN.IS Signals & Forecast
There are few to no technical positive signals at the moment. The Kervansaray Yatirim Holding A.S. 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 2.02 and TRY 2.13. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -25.65%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Kervansaray Yatirim Holding A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 1.80 and TRY 1.69. 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, Kervansaray Yatirim Holding A.S. finds support just below today's level at TRY 1.80. If this is broken, then the next support from accumulated volume will be at TRY 1.69 and TRY 1.53.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved TRY 0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.95%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KERVN.IS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Kervansaray Yatirim Holding A.S. to open at TRY 2.00, and during the day (based on 14 day Average True Range), to move between TRY 1.92 and TRY 2.08, which gives a possible trading interval of +/-TRY 0.0795 (+/-3.97%) up or down from last closing price. If Kervansaray Yatirim Holding A.S. takes out the full calculated possible swing range there will be an estimated 7.95% 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 2.05 (2.50%) than the support at TRY 1.80 (10.00%), 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 Kervansaray Yatirim Holding A.S. stock A Buy?
The Kervansaray Yatirim Holding A.S. stock holds several negative signals and despite the positive trend, we believe Kervansaray Yatirim Holding A.S. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.428 Sell Candidate Unchanged
Predicted Opening Price for Kervansaray Yatirim Holding A.S. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| TRY 2.00 ( 0%) | TRY 2.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KERVN.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.00 | . | |
| R2 | 2.00 | . | ||
| R1 | 2.00 | . | ||
| Current price: | 2.00 | |||
| Support | S1 | 2.00 | . | |
| S2 | 2.00 | . | ||
| S3 | 2.00 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.36 | 18.00 % | |
| R2 | 2.15 | 7.50 % | ||
| R1 | 2.05 | 2.50 % | ||
| Current price | 2.00 | |||
| Support | S1 | 1.80 | -10.00% | |
| S2 | 1.69 | -15.50% | ||
| S3 | 1.53 | -23.50% |
FAQ
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