Kerevitas Gida Sanayi ve Ticaret A.S. Stock Forecast

A very strong day for Kerevitas Gida Sanayi ve Ticaret A.S. stock price on Monday
(Updated on Apr 29, 2024)

KERVT.IS Signals & Forecast

Mostly positive signals in the chart today. The Kerevitas Gida Sanayi ve Ticaret A.S. 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 13.34 and TRY 12.93. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 22.84%. Further rise is indicated until a new top pivot has been found. 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.

Support, Risk & Stop-loss for Kerevitas Gida Sanayi ve Ticaret A.S. stock

Kerevitas Gida Sanayi ve Ticaret A.S. finds support from accumulated volume at TRY 13.55 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 0.91 between high and low, or 6.80%. For the last week, the stock has had daily average volatility of 5.44%.

Our recommended stop-loss: TRY 13.71 (-3.46%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (KERVT.IS) For The Upcoming Trading Day Of Tuesday 30th

For the upcoming trading day on Tuesday, 30th we expect Kerevitas Gida Sanayi ve Ticaret A.S. to open at TRY 13.96, and during the day (based on 14 day Average True Range), to move between TRY 13.57 and TRY 14.83, which gives a possible trading interval of +/-TRY 0.635 (+/-4.47%) up or down from last closing price. If Kerevitas Gida Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 8.94% 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 14.60 (2.82%) than the support at TRY 13.55 (4.58%), 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 Kerevitas Gida Sanayi ve Ticaret A.S. stock A Buy?

Kerevitas Gida Sanayi ve Ticaret A.S. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 8.000 Strong Buy Candidate Upgraded

Predicted Opening Price for Kerevitas Gida Sanayi ve Ticaret A.S. of Tuesday, April 30, 2024

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