Klimasan Klima Sanayi ve Ticaret A.S. Stock Forecast
Evaluation of Klimasan Klima Sanayi ve Ticaret A.S. stock downgraded after the last trading session.
(Updated on Apr 24, 2024)
The Klimasan Klima Sanayi ve Ticaret A.S. stock price fell by -3.44% on the last day (Wednesday, 24th Apr 2024) from TRY 33.12 to TRY 31.98. During the last trading day the stock fluctuated 6.56% from a day low at TRY 31.72 to a day high of TRY 33.80. The price has risen in 8 of the last 10 days and is up by 12.61% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -127 thousand shares and in total, 805 thousand shares were bought and sold for approximately TRY 25.75 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 -4.20% during the next 3 months and, with a 90% probability hold a price between TRY 26.60 and TRY 35.87 at the end of this 3-month period.
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KLMSN.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, March 28, 2024, and so far it has risen 13.48%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Klimasan Klima Sanayi ve Ticaret A.S. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at TRY 32.78 and TRY 32.05. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Klimasan Klima Sanayi ve Ticaret A.S. stock
Klimasan Klima Sanayi ve Ticaret A.S. finds support from accumulated volume at TRY 31.82 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 2.08 between high and low, or 6.56%. For the last week, the stock has had daily average volatility of 5.01%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KLMSN.IS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Klimasan Klima Sanayi ve Ticaret A.S. to open at TRY 32.50, and during the day (based on 14 day Average True Range), to move between TRY 30.12 and TRY 33.84, which gives a possible trading interval of +/-TRY 1.86 (+/-5.82%) up or down from last closing price. If Klimasan Klima Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 11.63% 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 31.82 (0.50%) than the resistance at TRY 32.50 (1.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Klimasan Klima Sanayi ve Ticaret A.S. stock A Buy?
Klimasan Klima Sanayi ve Ticaret A.S. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.708 Sell Candidate Downgraded
Predicted Opening Price for Klimasan Klima Sanayi ve Ticaret A.S. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| TRY 32.50 ( 1.63%) | TRY 31.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KLMSN.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.58 | 8.13 % | |
| R2 | 33.79 | 5.65 % | ||
| R1 | 33.29 | 4.11 % | ||
| Current price: | 31.98 | |||
| Support | S1 | 31.71 | -0.86 % | |
| S2 | 31.21 | -2.39 % | ||
| S3 | 30.42 | -4.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.88 | 5.94 % | |
| R2 | 32.60 | 1.94 % | ||
| R1 | 32.50 | 1.63 % | ||
| Current price | 31.98 | |||
| Support | S1 | 31.82 | -0.500% | |
| S2 | 29.56 | -7.57% | ||
| S3 | 28.22 | -11.76% |
FAQ
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