Kristal Kola ve Mesrubat Sanayi Ticaret Stock Forecast
Kristal Kola ve Mesrubat Sanayi Ticaret stock price down 0.81% on Thursday
(Updated on Apr 18, 2024)
The Kristal Kola ve Mesrubat Sanayi Ticaret stock price fell by -0.81% on the last day (Thursday, 18th Apr 2024) from TRY 8.62 to TRY 8.55. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.79% from a day low at TRY 8.45 to a day high of TRY 8.77. The price has fallen in 6 of the last 10 days and is down by -1.38% for this period. Volume has increased on the last day by 181 thousand 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, 4 million shares were bought and sold for approximately TRY 30.57 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 -24.83% during the next 3 months and, with a 90% probability hold a price between TRY 5.65 and TRY 8.29 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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KRSTL.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 7.82%. 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. The Kristal Kola ve Mesrubat Sanayi Ticaret stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at TRY 8.71 and TRY 9.55. A break-up above any of these levels will issue buy signals. 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 Kristal Kola ve Mesrubat Sanayi Ticaret stock
Kristal Kola ve Mesrubat Sanayi Ticaret finds support from accumulated volume at TRY 8.31 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 0.320 between high and low, or 3.79%. For the last week, the stock has had daily average volatility of 5.12%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KRSTL.IS) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Kristal Kola ve Mesrubat Sanayi Ticaret A.S. to open at TRY 8.59, and during the day (based on 14 day Average True Range), to move between TRY 8.07 and TRY 9.03, which gives a possible trading interval of +/-TRY 0.482 (+/-5.64%) up or down from last closing price. If Kristal Kola ve Mesrubat Sanayi Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 11.27% 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 8.31 (2.81%) than the resistance at TRY 9.50 (11.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kristal Kola ve Mesrubat Sanayi Ticaret A.S. stock A Buy?
Kristal Kola ve Mesrubat Sanayi Ticaret 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: -2.413 Sell Candidate Unchanged
Predicted Opening Price for Kristal Kola ve Mesrubat Sanayi Ticaret A.S. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| TRY 8.59 ( 0.468%) | TRY 8.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KRSTL.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.91 | 4.21 % | |
| R2 | 8.79 | 2.78 % | ||
| R1 | 8.71 | 1.90 % | ||
| Current price: | 8.55 | |||
| Support | S1 | 8.47 | -0.96 % | |
| S2 | 8.39 | -1.85 % | ||
| S3 | 8.27 | -3.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.92 | 16.02 % | |
| R2 | 9.72 | 13.68 % | ||
| R1 | 9.50 | 11.11 % | ||
| Current price | 8.55 | |||
| Support | S1 | 8.31 | -2.81% | |
| S2 | 8.16 | -4.56% | ||
| S3 | 7.93 | -7.25% |
FAQ
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