Kaleseramik Canakkale Kalebodur Seramik Stock Forecast
Kaleseramik Canakkale Kalebodur Seramik stock price down 0.0877% on Tuesday
(Updated on May 14, 2024)
The Kaleseramik Canakkale Kalebodur Seramik stock price fell by -0.0877% on the last day (Tuesday, 14th May 2024) from TRY 57.00 to TRY 56.95. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.77% from a day low at TRY 56.60 to a day high of TRY 57.60. The price has fallen in 8 of the last 10 days and is down by -5.48% for this period. 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 -608 thousand shares and in total, 2 million shares were bought and sold for approximately TRY 91.99 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 -21.60% during the next 3 months and, with a 90% probability hold a price between TRY 38.49 and TRY 52.42 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
There are few to no technical positive signals at the moment. 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 58.89 and TRY 60.10. 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 -10.88%. 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 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 Kaleseramik Canakkale Kalebodur Seramik stock
Kaleseramik Canakkale Kalebodur Seramik finds support from accumulated volume at TRY 56.40 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 1.00 between high and low, or 1.77%. For the last week, the stock has had daily average volatility of 4.41%.
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 Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect Kaleseramik Canakkale Kalebodur Seramik Sanayi A.S. to open at TRY 57.05, and during the day (based on 14 day Average True Range), to move between TRY 54.31 and TRY 59.59, which gives a possible trading interval of +/-TRY 2.64 (+/-4.63%) 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 9.26% 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 56.40 (0.97%) than the resistance at TRY 59.60 (4.65%), 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: -2.028 Sell Candidate Unchanged
Predicted Opening Price for Kaleseramik Canakkale Kalebodur Seramik Sanayi A.S. of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| TRY 57.05 ( 0.176%) | TRY 56.95 |
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 | 58.05 | 1.93 % | |
| R2 | 57.67 | 1.26 % | ||
| R1 | 57.43 | 0.85 % | ||
| Current price: | 56.95 | |||
| Support | S1 | 56.67 | -0.495 % | |
| S2 | 56.43 | -0.91 % | ||
| S3 | 56.05 | -1.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 61.90 | 8.69 % | |
| R2 | 60.00 | 5.36 % | ||
| R1 | 59.60 | 4.65 % | ||
| Current price | 56.95 | |||
| Support | S1 | 56.40 | -0.97% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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