Katilimevim Tasarruf Finansman Anonim Stock Forecast

Stronger technical forecast for Katilimevim Tasarruf Finansman Anonim stock price after Friday trading.
(Updated on May 10, 2024)

KTLEV.IS Signals & Forecast

The Katilimevim Tasarruf Finansman Anonim 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 179.87. On a fall, the stock will find some support from the long-term average at approximately TRY 145.34. 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). 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, May 07, 2024, and so far it has fallen -14.29%. Further fall is indicated until a new bottom pivot has been found. 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 Katilimevim Tasarruf Finansman Anonim stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 140.20 and TRY 132.00. 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, Katilimevim Tasarruf Finansman Anonim finds support just below today's level at TRY 140.20. If this is broken, then the next support from accumulated volume will be at TRY 132.00 and TRY 131.00.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved TRY 11.30 between high and low, or 6.85%. For the last week, the stock has had daily average volatility of 10.60%.

Our recommended stop-loss: TRY 155.33 (-5.86%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 3 days ago.)

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

For the upcoming trading day on Monday, 13th we expect Katilimevim Tasarruf Finansman Anonim Sirketi to open at TRY 168.77, and during the day (based on 14 day Average True Range), to move between TRY 152.27 and TRY 177.73, which gives a possible trading interval of +/-TRY 12.73 (+/-7.72%) up or down from last closing price. If Katilimevim Tasarruf Finansman Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 15.43% 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 165.90 (0.55%) than the support at TRY 140.20 (15.03%), 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 Katilimevim Tasarruf Finansman Anonim Sirketi 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 Katilimevim Tasarruf Finansman Anonim stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.861 Buy Candidate Upgraded

Predicted Opening Price for Katilimevim Tasarruf Finansman Anonim Sirketi of Monday, May 13, 2024

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