Koza Polyester Sanayi Ve Ticaret Anonim Stock Forecast
Koza Polyester Sanayi Ve Ticaret Anonim stock price down 0.442% on Friday
(Updated on Jun 28, 2024)
The Koza Polyester Sanayi Ve Ticaret Anonim stock price fell by -0.442% on the last day (Friday, 28th Jun 2024) from TRY 40.70 to TRY 40.52. During the last trading day the stock fluctuated 7.31% from a day low at TRY 40.52 to a day high of TRY 43.48. The price has fallen in 5 of the last 10 days but is still up by 9.51% over the past 2 weeks. Volume has increased on the last day by 3 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 million shares were bought and sold for approximately TRY 189.92 million.
The stock lies the upper part of a wide and falling 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 40.76 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -20.27% during the next 3 months and, with a 90% probability hold a price between TRY 27.94 and TRY 32.50 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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KOPOL.IS Signals & Forecast
The Koza Polyester Sanayi Ve Ticaret Anonim stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at TRY 38.77 and TRY 40.36. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 10.47%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Koza Polyester Sanayi Ve Ticaret Anonim stock
Koza Polyester Sanayi Ve Ticaret Anonim finds support from accumulated volume at TRY 40.50 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 2.96 between high and low, or 7.31%. For the last week, the stock has had daily average volatility of 5.16%.
Our recommended stop-loss: TRY 39.40 (-2.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 44 days ago.)
Trading Expectations (KOPOL.IS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Koza Polyester Sanayi Ve Ticaret Anonim Sirketi to open at TRY 41.51, and during the day (based on 14 day Average True Range), to move between TRY 38.99 and TRY 42.05, which gives a possible trading interval of +/-TRY 1.53 (+/-3.77%) up or down from last closing price. If Koza Polyester Sanayi Ve Ticaret Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 7.53% 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 40.50 (0.05%) than the resistance at TRY 44.98 (11.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Koza Polyester Sanayi Ve Ticaret Anonim Sirketi stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.636 Buy Candidate Unchanged
Predicted Opening Price for Koza Polyester Sanayi Ve Ticaret Anonim Sirketi of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| TRY 41.51 ( 2.44%) | TRY 40.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KOPOL.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 44.47 | 9.74% |
| R2 | 43.34 | 6.95% |
| R1 | 42.64 | 5.23% |
| Price | 40.52 | |
| S1 | 40.38 | -0.356% |
| S2 | 39.68 | -2.08% |
| S3 | 38.55 | -4.87% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 46.40 | 14.51% |
| R2 | 45.34 | 11.90% |
| R1 | 44.98 | 11.01% |
| Price | 40.52 | |
| S1 | 40.50 | -0.0494% |
| S2 | 38.44 | -5.13% |
| S3 | 37.58 | -7.26% |
FAQ
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