Kafein Yazilim Hizmetleri Ticaret A.S. Stock Forecast
Red day on Friday for Kafein Yazilim Hizmetleri Ticaret A.S. stock after losing 0.759%
(Updated on May 17, 2024)
The Kafein Yazilim Hizmetleri Ticaret A.S. stock price fell by -0.759% on the last day (Friday, 17th May 2024) from TRY 118.50 to TRY 117.60. During the last trading day the stock fluctuated 6.56% from a day low at TRY 117.30 to a day high of TRY 125.00. The price has fallen in 7 of the last 10 days and is down by -8.48% for this period. Volume has increased on the last day by 498 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately TRY 123.77 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -30.92% during the next 3 months and, with a 90% probability hold a price between TRY 61.37 and TRY 99.00 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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KFEIN.IS Signals & Forecast
There are few to no technical positive signals at the moment. The Kafein Yazilim Hizmetleri Ticaret 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 120.59 and TRY 128.88. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -16.60%. 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 Kafein Yazilim Hizmetleri Ticaret A.S. stock
Kafein Yazilim Hizmetleri Ticaret A.S. finds support from accumulated volume at TRY 117.50 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 7.70 between high and low, or 6.56%. For the last week, the stock has had daily average volatility of 4.50%.
Kafein Yazilim Hizmetleri Ticaret A.S. is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KFEIN.IS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Kafein Yazilim Hizmetleri Ticaret A.S. to open at TRY 119.97, and during the day (based on 14 day Average True Range), to move between TRY 108.96 and TRY 126.24, which gives a possible trading interval of +/-TRY 8.64 (+/-7.35%) up or down from last closing price. If Kafein Yazilim Hizmetleri Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 14.69% 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 117.50 (0.09%) than the resistance at TRY 130.10 (10.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kafein Yazilim Hizmetleri Ticaret A.S. stock A Buy?
Kafein Yazilim Hizmetleri Ticaret A.S. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.984 Sell Candidate Unchanged
Predicted Opening Price for Kafein Yazilim Hizmetleri Ticaret A.S. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| TRY 119.97 ( 2.01%) | TRY 117.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KFEIN.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 127.67 | 8.56 % | |
| R2 | 124.73 | 6.06 % | ||
| R1 | 122.91 | 4.51 % | ||
| Current price: | 117.60 | |||
| Support | S1 | 117.03 | -0.489 % | |
| S2 | 115.21 | -2.03 % | ||
| S3 | 112.27 | -4.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 141.00 | 19.90 % | |
| R2 | 131.90 | 12.16 % | ||
| R1 | 130.10 | 10.63 % | ||
| Current price | 117.60 | |||
| Support | S1 | 117.50 | -0.0850% | |
| S2 | 117.10 | -0.425% | ||
| S3 | 116.70 | -0.765% |
FAQ
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