Kimteks Poliüretan Sanayi ve Ticaret Stock Forecast
Kimteks Poliüretan Sanayi ve Ticaret stock price up 0.677% on Friday
(Updated on May 10, 2024)
The Kimteks Poliüretan Sanayi ve Ticaret stock price gained 0.677% on the last trading day (Friday, 10th May 2024), rising from TRY 59.10 to TRY 59.50. During the last trading day the stock fluctuated 4.49% from a day low at TRY 59.00 to a day high of TRY 61.65. The price has fallen in 6 of the last 10 days and is down by -9.85% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 365 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately TRY 111.99 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 -10.84% during the next 3 months and, with a 90% probability hold a price between TRY 45.81 and TRY 59.57 at the end of this 3-month period.
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KMPUR.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 Kimteks Poliüretan Sanayi ve Ticaret 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 61.19 and TRY 60.80. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -12.56%. 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 Kimteks Poliüretan Sanayi ve Ticaret stock
Kimteks Poliüretan Sanayi ve Ticaret finds support from accumulated volume at TRY 58.70 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 2.65 between high and low, or 4.49%. For the last week, the stock has had daily average volatility of 3.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KMPUR.IS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Kimteks Poliüretan Sanayi ve Ticaret A.S. to open at TRY 60.05, and during the day (based on 14 day Average True Range), to move between TRY 56.83 and TRY 62.17, which gives a possible trading interval of +/-TRY 2.67 (+/-4.49%) up or down from last closing price. If Kimteks Poliüretan Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 8.98% 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 58.70 (1.34%) than the resistance at TRY 62.60 (5.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kimteks Poliüretan Sanayi ve Ticaret A.S. stock A Buy?
Kimteks Poliüretan Sanayi ve Ticaret 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: -4.008 Sell Candidate Unchanged
Predicted Opening Price for Kimteks Poliüretan Sanayi ve Ticaret A.S. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| TRY 60.05 ( 0.92%) | TRY 59.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KMPUR.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 62.70 | 5.38 % | |
| R2 | 61.69 | 3.68 % | ||
| R1 | 61.06 | 2.63 % | ||
| Current price: | 59.50 | |||
| Support | S1 | 59.04 | -0.777 % | |
| S2 | 58.41 | -1.83 % | ||
| S3 | 57.40 | -3.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 70.35 | 18.24 % | |
| R2 | 68.60 | 15.29 % | ||
| R1 | 62.60 | 5.21 % | ||
| Current price | 59.50 | |||
| Support | S1 | 58.70 | -1.34% | |
| S2 | 58.30 | -2.02% | ||
| S3 | 56.10 | -5.71% |
FAQ
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