Kütahya Porselen Sanayi Anonim Sirketi Stock Forecast
Red day on Wednesday for Kütahya Porselen Sanayi Anonim Sirketi
(Updated on Apr 24, 2024)
The Kütahya Porselen Sanayi Anonim Sirketi stock price fell by -4.72% on the last day (Wednesday, 24th Apr 2024) from TRY 114.50 to TRY 109.10. During the last trading day the stock fluctuated 6.63% from a day low at TRY 108.60 to a day high of TRY 115.80. The price has been going up and down for this period, and there has been a 10.2% gain for the last 2 weeks. 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 -646 thousand shares and in total, 1 million shares were bought and sold for approximately TRY 126.97 million.
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 75.59% during the next 3 months and, with a 90% probability hold a price between TRY 166.94 and TRY 208.26 at the end of this 3-month period.
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KUTPO.IS Signals & Forecast
The Kütahya Porselen Sanayi Anonim Sirketi stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at TRY 108.66 and TRY 93.40. A breakdown below any of these levels will issue sell signals. 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 Friday, April 19, 2024, and so far it has fallen -6.67%. 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 Kütahya Porselen Sanayi Anonim Sirketi stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 101.00 and TRY 92.80. 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, Kütahya Porselen Sanayi Anonim Sirketi finds support just below today's level at TRY 101.00. If this is broken, then the next support from accumulated volume will be at TRY 92.80 and TRY 83.50.
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 7.20 between high and low, or 6.63%. For the last week, the stock has had daily average volatility of 8.23%.
Our recommended stop-loss: TRY 102.82 (-5.76%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (KUTPO.IS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Kütahya Porselen Sanayi Anonim Sirketi to open at TRY 111.17, and during the day (based on 14 day Average True Range), to move between TRY 101.19 and TRY 117.01, which gives a possible trading interval of +/-TRY 7.91 (+/-7.25%) up or down from last closing price. If Kütahya Porselen Sanayi Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 14.49% 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 113.40 (3.94%) than the support at TRY 101.00 (7.42%), 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 Kütahya Porselen Sanayi 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 Kütahya Porselen Sanayi Anonim Sirketi stock to perform well in the short-term.
Current score: 3.086 Buy Candidate Unchanged
Predicted Opening Price for Kütahya Porselen Sanayi Anonim Sirketi of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| TRY 111.17 ( 1.89%) | TRY 109.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KUTPO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 118.37 | 8.49 % | |
| R2 | 115.62 | 5.97 % | ||
| R1 | 113.92 | 4.42 % | ||
| Current price: | 109.10 | |||
| Support | S1 | 108.42 | -0.627 % | |
| S2 | 106.72 | -2.18 % | ||
| S3 | 103.97 | -4.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 116.90 | 7.15 % | |
| R2 | 114.50 | 4.95 % | ||
| R1 | 113.40 | 3.94 % | ||
| Current price | 109.10 | |||
| Support | S1 | 101.00 | -7.42% | |
| S2 | 92.80 | -14.94% | ||
| S3 | 83.50 | -23.46% |
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