Kordsa Teknik Tekstil A.S. Stock Forecast
Red day on Friday for Kordsa Teknik Tekstil A.S. stock after losing 2.32%
(Updated on May 31, 2024)
The Kordsa Teknik Tekstil A.S. stock price fell by -2.32% on the last day (Friday, 31st May 2024) from TRY 92.50 to TRY 90.35. It has now fallen 7 days in a row. During the last trading day the stock fluctuated 4.68% from a day low at TRY 89.65 to a day high of TRY 93.85. The price has fallen in 8 of the last 10 days and is down by -8.74% 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 -722 thousand shares and in total, 1 million shares were bought and sold for approximately TRY 93.54 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 -3.13% during the next 3 months and, with a 90% probability hold a price between TRY 79.49 and TRY 102.29 at the end of this 3-month period.
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KORDS.IS Signals & Forecast
There are few to no technical positive signals at the moment. The Kordsa Teknik Tekstil A.S. 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 98.43 and TRY 98.30. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -14.76%. 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 Kordsa Teknik Tekstil A.S. stock
Kordsa Teknik Tekstil A.S. finds support from accumulated volume at TRY 88.60 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 4.20 between high and low, or 4.68%. For the last week, the stock has had daily average volatility of 4.02%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KORDS.IS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Kordsa Teknik Tekstil A.S. to open at TRY 91.28, and during the day (based on 14 day Average True Range), to move between TRY 86.45 and TRY 94.25, which gives a possible trading interval of +/-TRY 3.90 (+/-4.31%) up or down from last closing price. If Kordsa Teknik Tekstil A.S. takes out the full calculated possible swing range there will be an estimated 8.62% 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 88.60 (1.94%) than the resistance at TRY 96.00 (6.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kordsa Teknik Tekstil A.S. stock A Buy?
Kordsa Teknik Tekstil A.S. 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: -2.125 Sell Candidate Unchanged
Predicted Opening Price for Kordsa Teknik Tekstil A.S. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| TRY 91.28 ( 1.03%) | TRY 90.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KORDS.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 95.48 | 5.68 % | |
| R2 | 93.88 | 3.91 % | ||
| R1 | 92.89 | 2.81 % | ||
| Current price: | 90.35 | |||
| Support | S1 | 89.68 | -0.743 % | |
| S2 | 88.69 | -1.84 % | ||
| S3 | 87.08 | -3.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 110.00 | 21.75 % | |
| R2 | 101.00 | 11.79 % | ||
| R1 | 96.00 | 6.25 % | ||
| Current price | 90.35 | |||
| Support | S1 | 88.60 | -1.94% | |
| S2 | 85.20 | -5.70% | ||
| S3 | 84.80 | -6.14% |
KORDS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 29, 2023 | Mar 29, 2023 | Mar 29, 2023 | TRY 0.293 | 0.395% |
| 2 | Apr 04, 2022 | Apr 04, 2022 | Apr 04, 2022 | TRY 0.82 | 2.29% |
| 3 | Mar 23, 2022 | Mar 23, 2022 | Mar 23, 2022 | TRY 0.82 | 2.35% |
| 4 | Mar 26, 2020 | Mar 26, 2020 | Mar 26, 2020 | TRY 0.250 | 2.75% |
| 5 | Mar 25, 2019 | Mar 25, 2019 | Mar 25, 2019 | TRY 0.350 | 3.28% |
FAQ
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