Kardemir Karabük Demir Çelik Sanayi Ve Stock Forecast

Kardemir Karabük Demir Çelik Sanayi Ve stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Apr 18, 2024)

KRDMD.IS Signals & Forecast

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. The Kardemir Karabük Demir Çelik Sanayi Ve stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at TRY 24.22. On a fall, the stock will find some support from the short-term average at TRY 23.91. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -1.71%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Kardemir Karabük Demir Çelik Sanayi Ve stock

Kardemir Karabük Demir Çelik Sanayi Ve finds support from accumulated volume at TRY 23.88 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 1.16 between high and low, or 5.03%. For the last week, the stock has had daily average volatility of 3.28%.

Our recommended stop-loss: TRY 23.04 (-4.41%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (KRDMD.IS) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. to open at TRY 23.81, and during the day (based on 14 day Average True Range), to move between TRY 23.15 and TRY 25.05, which gives a possible trading interval of +/-TRY 0.95 (+/-3.92%) up or down from last closing price. If Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 7.85% 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 23.88 (0.91%) than the resistance at TRY 28.12 (16.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. stock A Buy?

Kardemir Karabük Demir Çelik Sanayi Ve holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.406 Hold/Accumulate Upgraded

Predicted Opening Price for Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. of Friday, April 19, 2024

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