Kustur Kusadasi Turizm Endüstrisi A.S. Stock Forecast
Kustur Kusadasi Turizm Endüstrisi A.S. stock upgraded to Hold/Accumulate.
(Updated on May 10, 2024)
The Kustur Kusadasi Turizm Endüstrisi A.S. stock price fell by -2.98% on the last day (Friday, 10th May 2024) from TRY 7,300.00 to TRY 7,082.50. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.07% from a day low at TRY 7,082.50 to a day high of TRY 7,300.00. The price has fallen in 7 of the last 10 days and is down by -15.98% 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 -109 shares and in total, 646 shares were bought and sold for approximately TRY 4.58 million.
Given the current short-term trend, the stock is expected to rise 107.01% during the next 3 months and, with a 90% probability hold a price between TRY 14,661.18 and TRY 23,356.03 at the end of this 3-month period.
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KSTUR.IS Signals & Forecast
There are few to no technical positive signals at the moment. The Kustur Kusadasi Turizm Endüstrisi A.S. 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 7,293.93 and TRY 7,866.64. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen -27.73%. 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 Kustur Kusadasi Turizm Endüstrisi A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 6,427.50 and TRY 6,415.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Kustur Kusadasi Turizm Endüstrisi A.S. finds support just below today's level at TRY 6,427.50. If this is broken, then the next support from accumulated volume will be at TRY 6,415.00 and TRY 6,042.50.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved TRY 217.50 between high and low, or 3.07%. For the last week, the stock has had daily average volatility of 2.49%.
Our recommended stop-loss: TRY 6,624.97 (-6.46%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (KSTUR.IS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Kustur Kusadasi Turizm Endüstrisi A.S. to open at TRY 7,155.00, and during the day (based on 14 day Average True Range), to move between TRY 6,543.55 and TRY 7,621.45, which gives a possible trading interval of +/-TRY 538.95 (+/-7.61%) up or down from last closing price. If Kustur Kusadasi Turizm Endüstrisi A.S. takes out the full calculated possible swing range there will be an estimated 15.22% 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 7,347.50 (3.74%) than the support at TRY 6,427.50 (9.25%), 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.
Is Kustur Kusadasi Turizm Endüstrisi A.S. stock A Buy?
Kustur Kusadasi Turizm Endüstrisi A.S. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.978 Hold/Accumulate Upgraded
Predicted Opening Price for Kustur Kusadasi Turizm Endüstrisi A.S. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| TRY 7,155.00 ( 1.02%) | TRY 7,082.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KSTUR.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7,372.50 | 4.09 % | |
| R2 | 7,289.42 | 2.92 % | ||
| R1 | 7,238.09 | 2.20 % | ||
| Current price: | 7,082.50 | |||
| Support | S1 | 7,071.92 | -0.149 % | |
| S2 | 7,020.59 | -0.87 % | ||
| S3 | 6,937.50 | -2.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8,052.50 | 13.70 % | |
| R2 | 7,702.50 | 8.75 % | ||
| R1 | 7,347.50 | 3.74 % | ||
| Current price | 7,082.50 | |||
| Support | S1 | 6,427.50 | -9.25% | |
| S2 | 6,415.00 | -9.42% | ||
| S3 | 6,042.50 | -14.68% |
FAQ
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