Türkiye Kalkinma ve Yatirim Bankasi Stock Forecast
Red day on Friday for Türkiye Kalkinma ve Yatirim Bankasi
(Updated on Jun 28, 2024)
The Türkiye Kalkinma ve Yatirim Bankasi stock price fell by -2.06% on the last day (Friday, 28th Jun 2024) from TRY 16.49 to TRY 16.15. During the last trading day the stock fluctuated 3.00% from a day low at TRY 16.01 to a day high of TRY 16.49. The price has fallen in 6 of the last 10 days but is still up by 0.94% over the past 2 weeks. Volume has increased on the last day by 55 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, 155 thousand shares were bought and sold for approximately TRY 2.50 million.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 15.27 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.08% during the next 3 months and, with a 90% probability hold a price between TRY 16.20 and TRY 23.94 at the end of this 3-month period.
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KLNMA.IS Signals & Forecast
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 Türkiye Kalkinma ve Yatirim Bankasi 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 16.53 and TRY 18.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -26.52%. Further fall is indicated until a new bottom pivot has been found. 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 Türkiye Kalkinma ve Yatirim Bankasi stock
Türkiye Kalkinma ve Yatirim Bankasi finds support from accumulated volume at TRY 15.80 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 0.480 between high and low, or 3.00%. For the last week, the stock has had daily average volatility of 2.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KLNMA.IS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Türkiye Kalkinma ve Yatirim Bankasi A.S. to open at TRY 16.22, and during the day (based on 14 day Average True Range), to move between TRY 15.57 and TRY 16.73, which gives a possible trading interval of +/-TRY 0.583 (+/-3.61%) up or down from last closing price. If Türkiye Kalkinma ve Yatirim Bankasi A.S. takes out the full calculated possible swing range there will be an estimated 7.22% 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 15.80 (2.17%) than the resistance at TRY 17.00 (5.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Türkiye Kalkinma ve Yatirim Bankasi A.S. stock A Buy?
The Türkiye Kalkinma ve Yatirim Bankasi stock holds several negative signals and despite the positive trend, we believe Türkiye Kalkinma ve Yatirim Bankasi will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.442 Sell Candidate Unchanged
Predicted Opening Price for Türkiye Kalkinma ve Yatirim Bankasi A.S. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| TRY 16.22 ( 0.413%) | TRY 16.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KLNMA.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.70 | 3.38% |
| R2 | 16.51 | 2.25% |
| R1 | 16.40 | 1.55% |
| Price | 16.15 | |
| S1 | 16.03 | -0.723% |
| S2 | 15.92 | -1.42% |
| S3 | 15.74 | -2.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.00 | 23.84% |
| R2 | 19.03 | 17.83% |
| R1 | 17.00 | 5.26% |
| Price | 16.15 | |
| S1 | 15.80 | -2.17% |
| S2 | 15.60 | -3.41% |
| S3 | 14.00 | -13.31% |
KLNMA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 30, 2018 | Oct 30, 2018 | Nov 01, 2018 | TRY 0.0026 | 0.0767% |
| 2 | May 09, 2014 | May 09, 2014 | May 09, 2014 | TRY 0.0044 | 1.87% |
| 3 | May 17, 2013 | May 17, 2013 | May 17, 2013 | TRY 0.0044 | 1.47% |
| 4 | May 31, 2011 | May 31, 2011 | May 31, 2011 | TRY 0.0023 | 0.705% |
| 5 | May 31, 2010 | May 31, 2010 | May 31, 2010 | TRY 0.0028 | 1.26% |
FAQ
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