Lüks Kadife Ticaret ve Sanayi A.S. Stock Forecast

Lüks Kadife Ticaret ve Sanayi A.S. stock price down 1.19% on Friday
(Updated on Apr 19, 2024)

LUKSK.IS Signals & Forecast

The Lüks Kadife Ticaret ve Sanayi A.S. 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 116.37 and TRY 107.26. 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 Monday, April 15, 2024, and so far it has fallen -4.67%. 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 Lüks Kadife Ticaret ve Sanayi A.S. stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 107.00 and TRY 106.90. 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, Lüks Kadife Ticaret ve Sanayi A.S. finds support just below today's level at TRY 107.00. If this is broken, then the next support from accumulated volume will be at TRY 106.90 and TRY 106.50.

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 7.60 between high and low, or 6.65%. For the last week, the stock has had daily average volatility of 10.71%.

Our recommended stop-loss: TRY 110.54 (-5.03%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (LUKSK.IS) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Lüks Kadife Ticaret ve Sanayi A.S. to open at TRY 117.47, and during the day (based on 14 day Average True Range), to move between TRY 107.53 and TRY 125.27, which gives a possible trading interval of +/-TRY 8.87 (+/-7.62%) up or down from last closing price. If Lüks Kadife Ticaret ve Sanayi A.S. takes out the full calculated possible swing range there will be an estimated 15.24% 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 116.90 (0.43%) than the support at TRY 107.00 (8.08%), 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 Lüks Kadife Ticaret ve Sanayi A.S. 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 Lüks Kadife Ticaret ve Sanayi A.S. stock to perform well in the short-term.

Current score: 4.071 Buy Candidate Unchanged

Predicted Opening Price for Lüks Kadife Ticaret ve Sanayi A.S. of Monday, April 22, 2024

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