Kaleseramik Canakkale Kalebodur Seramik Stock Forecast
Kaleseramik Canakkale Kalebodur Seramik stock price up 0.349% on Friday
(Updated on May 17, 2024)
The Kaleseramik Canakkale Kalebodur Seramik stock price gained 0.349% on the last trading day (Friday, 17th May 2024), rising from TRY 57.30 to TRY 57.50. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.48% from a day low at TRY 57.35 to a day high of TRY 58.20. The price has fallen in 6 of the last 10 days and is down by -7.11% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 875 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately TRY 139.66 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 -21.36% during the next 3 months and, with a 90% probability hold a price between TRY 38.09 and TRY 52.31 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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KLSER.IS Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Kaleseramik Canakkale Kalebodur Seramik 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 57.82 and TRY 59.64. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -10.02%. 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).
Support, Risk & Stop-loss for Kaleseramik Canakkale Kalebodur Seramik stock
Kaleseramik Canakkale Kalebodur Seramik finds support from accumulated volume at TRY 57.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved TRY 0.85 (1.48%) between high and low. For the last week, the stock has had daily average volatility of 2.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KLSER.IS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Kaleseramik Canakkale Kalebodur Seramik Sanayi A.S. to open at TRY 57.68, and during the day (based on 14 day Average True Range), to move between TRY 55.21 and TRY 59.79, which gives a possible trading interval of +/-TRY 2.29 (+/-3.98%) up or down from last closing price. If Kaleseramik Canakkale Kalebodur Seramik Sanayi A.S. takes out the full calculated possible swing range there will be an estimated 7.96% 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 57.30 (0.35%) than the resistance at TRY 59.60 (3.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kaleseramik Canakkale Kalebodur Seramik Sanayi A.S. stock A Buy?
Kaleseramik Canakkale Kalebodur Seramik 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: -1.257 Sell Candidate Unchanged
Predicted Opening Price for Kaleseramik Canakkale Kalebodur Seramik Sanayi A.S. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| TRY 57.68 ( 0.319%) | TRY 57.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KLSER.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 58.53 | 1.80 % | |
| R2 | 58.21 | 1.23 % | ||
| R1 | 58.01 | 0.88 % | ||
| Current price: | 57.50 | |||
| Support | S1 | 57.36 | -0.246 % | |
| S2 | 57.16 | -0.595 % | ||
| S3 | 56.83 | -1.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 61.90 | 7.65 % | |
| R2 | 60.00 | 4.35 % | ||
| R1 | 59.60 | 3.65 % | ||
| Current price | 57.50 | |||
| Support | S1 | 57.30 | -0.348% | |
| S2 | 57.00 | -0.87% | ||
| S3 | 56.40 | -1.91% |
FAQ
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