Koza Anadolu Metal Madencilik Stock Forecast

Weaker technical forecast for Koza Anadolu Metal Madencilik as stock downgraded to Sell Candidate.
(Updated on May 10, 2024)

KOZAA.IS Signals & Forecast

The Koza Anadolu Metal Madencilik stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 51.54. On a fall, the stock will find some support from the long-term average at approximately TRY 49.27. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell 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 29, 2024, and so far it has fallen -5.68%. 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 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 Anadolu Metal Madencilik stock

Koza Anadolu Metal Madencilik finds support from accumulated volume at TRY 49.34 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 2.01 between high and low, or 4.06%. For the last week, the stock has had daily average volatility of 3.34%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (KOZAA.IS) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Koza Anadolu Metal Madencilik Isletmeleri A.S. to open at TRY 50.30, and during the day (based on 14 day Average True Range), to move between TRY 47.91 and TRY 51.69, which gives a possible trading interval of +/-TRY 1.89 (+/-3.79%) up or down from last closing price. If Koza Anadolu Metal Madencilik Isletmeleri A.S. takes out the full calculated possible swing range there will be an estimated 7.58% 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 49.34 (0.92%) than the resistance at TRY 50.95 (2.31%), 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 Anadolu Metal Madencilik Isletmeleri A.S. stock A Buy?

Koza Anadolu Metal Madencilik holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -2.306 Sell Candidate Downgraded

Predicted Opening Price for Koza Anadolu Metal Madencilik Isletmeleri A.S. of Monday, May 13, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.