Konya Çimento Sanayii Anonim Sirketi Stock Forecast
Konya Çimento Sanayii Anonim Sirketi stock price ended at TRY 9,705.00 on Friday, after gaining 2.18%.
(Updated on May 17, 2024)
The Konya Çimento Sanayii Anonim Sirketi stock price gained 2.18% on the last trading day (Friday, 17th May 2024), rising from TRY 9,497.50 to TRY 9,705.00. During the last trading day the stock fluctuated 4.55% from a day low at TRY 9,450.00 to a day high of TRY 9,880.00. The price has fallen in 7 of the last 10 days and is down by -19.61% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 25 thousand shares were bought and sold for approximately TRY 239.70 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 9,544.33 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 16.19% during the next 3 months and, with a 90% probability hold a price between TRY 11,089.98 and TRY 14,366.96 at the end of this 3-month period.
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KONYA.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 2.94%. Further rise is indicated until a new top pivot has been found. 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 Konya Çimento Sanayii Anonim Sirketi 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 9,804.64 and TRY 10,775.21. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
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 9,032.50 and TRY 9,002.50. 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 9,032.50. If this is broken, then the next support from accumulated volume will be at TRY 9,002.50 and TRY 9,000.00.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved TRY 430.00 between high and low, or 4.55%. For the last week, the stock has had daily average volatility of 4.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KONYA.IS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Konya Çimento Sanayii Anonim Sirketi to open at TRY 9,678.33, and during the day (based on 14 day Average True Range), to move between TRY 9,112.63 and TRY 10,297.37, which gives a possible trading interval of +/-TRY 592.37 (+/-6.10%) 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 12.21% 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 9,032.50 (6.93%) than the resistance at TRY 10,560.00 (8.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Konya Çimento Sanayii Anonim Sirketi will release earnings BMO on Tuesday, May 21, 2024. We will update the financials statements for Konya Çimento Sanayii Anonim Sirketi, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.95% in the first trading day after earnings release.
Is Konya Çimento Sanayii Anonim Sirketi stock A Buy?
The Konya Çimento Sanayii Anonim Sirketi stock holds several negative signals and despite the positive trend, we believe Konya Çimento Sanayii Anonim Sirketi will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.616 Sell Candidate Unchanged
Predicted Opening Price for Konya Çimento Sanayii Anonim Sirketi of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| TRY 9,678.33 ( 0.275%) | TRY 9,705.00 |
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 | 10,108.33 | 4.16 % | |
| R2 | 9,944.07 | 2.46 % | ||
| R1 | 9,842.59 | 1.42 % | ||
| Current price: | 9,705.00 | |||
| Support | S1 | 9,514.07 | -1.97 % | |
| S2 | 9,412.59 | -3.01 % | ||
| S3 | 9,248.33 | -4.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11,240.00 | 15.82 % | |
| R2 | 10,795.00 | 11.23 % | ||
| R1 | 10,560.00 | 8.81 % | ||
| Current price | 9,705.00 | |||
| Support | S1 | 9,032.50 | -6.93% | |
| S2 | 9,002.50 | -7.24% | ||
| S3 | 9,000.00 | -7.26% |
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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