Klimasan Klima Sanayi ve Ticaret A.S. Stock Forecast
Klimasan Klima Sanayi ve Ticaret A.S. stock price up more than 5.05% on Friday
(Updated on May 03, 2024)
The Klimasan Klima Sanayi ve Ticaret A.S. stock price gained 5.05% on the last trading day (Friday, 3rd May 2024), rising from TRY 36.82 to TRY 38.68. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 7.88% from a day low at TRY 36.82 to a day high of TRY 39.72. The price has risen in 9 of the last 10 days and is up by 19.6% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 195 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately TRY 139.50 million.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is TRY 36.15, a level that may pose a second chance to hit a runner. According to fan-theory TRY 45.35 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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KLMSN.IS Signals & Forecast
Mostly positive signals in the chart today. The Klimasan Klima 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 33.93 and TRY 31.55. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 28, 2024, and so far it has risen 37.26%. 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 Klimasan Klima Sanayi ve Ticaret A.S. stock
Klimasan Klima Sanayi ve Ticaret A.S. finds support from accumulated volume at TRY 36.82 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 2.90 between high and low, or 7.88%. For the last week, the stock has had daily average volatility of 6.84%.
The Klimasan Klima Sanayi ve Ticaret A.S. stock is extremely overbought on RSI14 (80). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken. Since the Klimasan Klima Sanayi ve Ticaret A.S. has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: TRY 36.88 (-4.65%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (KLMSN.IS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Klimasan Klima Sanayi ve Ticaret A.S. to open at TRY 38.41, and during the day (based on 14 day Average True Range), to move between TRY 36.69 and TRY 40.67, which gives a possible trading interval of +/-TRY 1.99 (+/-5.15%) 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 10.29% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ TRY 36.82, some TRY 1.86 (4.81%) from the current price of TRY 38.68, our system finds the risk reward attractive.
Is Klimasan Klima Sanayi ve Ticaret A.S. stock A Buy?
Klimasan Klima Sanayi ve Ticaret A.S. holds several positive signals and the break up from the falling trend indicates a possible shift of trend as well. The trend doesn't have to go from falling to rising, it may as well go horizontal or even just decrease the earlier fall rate, but we find the risk-reward to be attractive and expect the stock to perform very well in the short term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.873 Strong Buy Candidate Upgraded
Predicted Opening Price for Klimasan Klima Sanayi ve Ticaret A.S. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| TRY 38.41 ( 0.707%) | TRY 38.68 |
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 | 41.31 | 6.79 % | |
| R2 | 40.20 | 3.93 % | ||
| R1 | 39.51 | 2.16 % | ||
| Current price: | 38.68 | |||
| Support | S1 | 37.30 | -3.57 % | |
| S2 | 36.61 | -5.34 % | ||
| S3 | 35.51 | -8.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 38.68 | |||
| Support | S1 | 36.82 | -4.81% | |
| S2 | 33.48 | -13.44% | ||
| S3 | 31.82 | -17.74% |
FAQ
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