Konya Çimento Sanayii Anonim Sirketi Stock Forecast
Green day on Thursday for Konya Çimento Sanayii Anonim Sirketi
(Updated on Apr 18, 2024)
The Konya Çimento Sanayii Anonim Sirketi stock price gained 4.86% on the last trading day (Thursday, 18th Apr 2024), rising from TRY 11,215.00 to TRY 11,760.00. During the last trading day the stock fluctuated 6.12% from a day low at TRY 11,280.00 to a day high of TRY 11,970.00. The price has risen in 7 of the last 10 days and is up by 15.18% 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, 15 thousand more shares were traded than the day before. In total, 43 thousand shares were bought and sold for approximately TRY 503.09 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at TRY 11,953.60 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 41.90% during the next 3 months and, with a 90% probability hold a price between TRY 14,130.15 and TRY 16,962.59 at the end of this 3-month period.
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KONYA.IS Signals & Forecast
The Konya Çimento Sanayii Anonim Sirketi 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 11,082.50 and TRY 10,261.79. A breakdown below any of these levels will issue sell signals. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 15, 2024, and so far it has fallen -0.170%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Konya Çimento Sanayii Anonim Sirketi stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 10,795.00 and TRY 10,560.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Konya Çimento Sanayii Anonim Sirketi finds support just below today's level at TRY 10,795.00. If this is broken, then the next support from accumulated volume will be at TRY 10,560.00 and TRY 9,000.00.
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 690.00 between high and low, or 6.12%. For the last week, the stock has had daily average volatility of 7.90%.
Our recommended stop-loss: TRY 11,313.39 (-3.80%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (KONYA.IS) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Konya Çimento Sanayii Anonim Sirketi to open at TRY 11,670.00, and during the day (based on 14 day Average True Range), to move between TRY 11,082.03 and TRY 12,437.97, which gives a possible trading interval of +/-TRY 677.97 (+/-5.77%) up or down from last closing price. If Konya Çimento Sanayii Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 11.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at TRY 11,780.00 (0.17%) than the support at TRY 10,795.00 (8.21%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Konya Çimento Sanayii Anonim Sirketi stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Konya Çimento Sanayii Anonim Sirketi stock to perform well in the short-term.
Current score: 2.883 Buy Candidate Unchanged
Predicted Opening Price for Konya Çimento Sanayii Anonim Sirketi of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| TRY 11,670.00 ( 0.765%) | TRY 11,760.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KONYA.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12,360.00 | 5.10 % | |
| R2 | 12,096.42 | 2.86 % | ||
| R1 | 11,933.58 | 1.48 % | ||
| Current price: | 11,760.00 | |||
| Support | S1 | 11,406.42 | -3.01 % | |
| S2 | 11,243.58 | -4.39 % | ||
| S3 | 10,980.00 | -6.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 11,780.00 | 0.170 % | ||
| Current price | 11,760.00 | |||
| Support | S1 | 10,795.00 | -8.21% | |
| S2 | 10,560.00 | -10.20% | ||
| S3 | 9,000.00 | -23.47% |
KONYA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 22, 2018 | May 22, 2018 | May 22, 2018 | TRY 6.60 | 3.19% |
| 2 | May 22, 2017 | May 22, 2017 | May 22, 2017 | TRY 6.00 | 2.21% |
| 3 | May 24, 2016 | May 24, 2016 | May 24, 2016 | TRY 15.40 | 5.09% |
| 4 | May 26, 2015 | May 26, 2015 | May 26, 2015 | TRY 8.00 | 2.83% |
| 5 | May 28, 2014 | May 28, 2014 | May 28, 2014 | TRY 2.45 | 0.87% |
FAQ
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