Koza Altin Isletmeleri A.S. Stock Forecast
Koza Altin Isletmeleri A.S. stock price ended at TRY 23.54 on Friday, after gaining 1.47%.
(Updated on Apr 19, 2024)
The Koza Altin Isletmeleri A.S. stock price gained 1.47% on the last trading day (Friday, 19th Apr 2024), rising from TRY 23.20 to TRY 23.54. During the last trading day the stock fluctuated 3.59% from a day low at TRY 22.86 to a day high of TRY 23.68. The price has risen in 5 of the last 10 days and is up by 10.1% 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, 4 million more shares were traded than the day before. In total, 83 million shares were bought and sold for approximately TRY 1.94 billion.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.29% during the next 3 months and, with a 90% probability hold a price between TRY 24.03 and TRY 29.11 at the end of this 3-month period.
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KOZAL.IS Signals & Forecast
The Koza Altin Isletmeleri A.S. 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 24.13. On a fall, the stock will find some support from the long-term average at approximately TRY 23.08. 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. 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 Tuesday, April 09, 2024, and so far it has fallen -4.77%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Koza Altin Isletmeleri A.S. stock
Koza Altin Isletmeleri A.S. finds support from accumulated volume at TRY 22.90 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 0.82 between high and low, or 3.59%. For the last week, the stock has had daily average volatility of 4.77%.
Our recommended stop-loss: TRY 22.31 (-5.21%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (KOZAL.IS) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Koza Altin Isletmeleri A.S. to open at TRY 23.36, and during the day (based on 14 day Average True Range), to move between TRY 22.46 and TRY 24.62, which gives a possible trading interval of +/-TRY 1.08 (+/-4.60%) up or down from last closing price. If Koza Altin Isletmeleri A.S. takes out the full calculated possible swing range there will be an estimated 9.20% 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 24.02 (2.04%) than the support at TRY 22.90 (2.72%), 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.
Earnings coming up
Koza Altin Isletmeleri A.S. will release earnings BMO on Friday, April 19, 2024. We will update the financials statements for Koza Altin Isletmeleri A.S., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.66% in the first trading day after earnings release.
Is Koza Altin Isletmeleri A.S. 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 Koza Altin Isletmeleri A.S. stock to perform well in the short-term.
Current score: 1.872 Buy Candidate Unchanged
Predicted Opening Price for Koza Altin Isletmeleri A.S. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| TRY 23.36 ( 0.765%) | TRY 23.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KOZAL.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.18 | 2.72 % | |
| R2 | 23.87 | 1.39 % | ||
| R1 | 23.67 | 0.566 % | ||
| Current price: | 23.54 | |||
| Support | S1 | 23.05 | -2.10 % | |
| S2 | 22.85 | -2.92 % | ||
| S3 | 22.54 | -4.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.52 | 4.16 % | |
| R2 | 24.40 | 3.65 % | ||
| R1 | 24.02 | 2.04 % | ||
| Current price | 23.54 | |||
| Support | S1 | 22.90 | -2.72% | |
| S2 | 22.14 | -5.95% | ||
| S3 | 22.04 | -6.37% |
KOZAL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 14, 2023 | Jul 14, 2023 | Jul 14, 2023 | TRY 0.400 | 1.47% |
| 2 | Jul 07, 2022 | Jul 07, 2022 | Jul 07, 2022 | TRY 0.84 | 10.69% |
| 3 | Apr 01, 2015 | Apr 01, 2015 | Apr 01, 2015 | TRY 0.0468 | 3.69% |
| 4 | Sep 03, 2014 | Sep 03, 2014 | Sep 03, 2014 | TRY 0.0476 | 4.54% |
| 5 | Apr 04, 2014 | Apr 04, 2014 | Apr 04, 2014 | TRY 0.0424 | 4.58% |
FAQ
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