Kerevitas Gida Sanayi ve Ticaret A.S. Stock Forecast

Kerevitas Gida Sanayi ve Ticaret A.S. stock price took a fall of -8.79% on Monday
(Updated on May 20, 2024)

KERVT.IS Signals & Forecast

The Kerevitas Gida Sanayi ve Ticaret A.S. 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 14.88. On a fall, the stock will find some support from the long-term average at approximately TRY 13.53. 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 Friday, May 17, 2024, and so far it has fallen -8.79%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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 13.72 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 0.99 between high and low, or 7.05%. For the last week, the stock has had daily average volatility of 6.01%.

Our recommended stop-loss: TRY 13.59 (-4.41%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 28 days ago.)

Trading Expectations (KERVT.IS) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Kerevitas Gida Sanayi ve Ticaret A.S. to open at TRY 14.43, and during the day (based on 14 day Average True Range), to move between TRY 13.43 and TRY 15.01, which gives a possible trading interval of +/-TRY 0.785 (+/-5.52%) 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 11.04% 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 (2.67%) than the support at TRY 13.72 (3.52%), 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 negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.

Current score: -0.075 Hold/Accumulate Downgraded

Predicted Opening Price for Kerevitas Gida Sanayi ve Ticaret A.S. of Tuesday, May 21, 2024

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