Lüks Kadife Ticaret ve Sanayi A.S. Stock Forecast

High volatility in Lüks Kadife Ticaret ve Sanayi A.S. stock price on Thursday which ended trading at TRY 133.10
(Updated on May 02, 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 125.97 and TRY 109.95. 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 Tuesday, April 30, 2024, and so far it has fallen -5.20%. Further fall is indicated until a new bottom pivot has been found. 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 Lüks Kadife Ticaret ve Sanayi A.S. stock

Lüks Kadife Ticaret ve Sanayi A.S. finds support from accumulated volume at TRY 132.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 20.30 between high and low, or 15.66%. For the last week, the stock has had daily average volatility of 10.30%.

Our recommended stop-loss: TRY 127.17 (-4.46%) (This stock has high daily movements and this gives high risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (LUKSK.IS) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Lüks Kadife Ticaret ve Sanayi A.S. to open at TRY 137.53, and during the day (based on 14 day Average True Range), to move between TRY 122.91 and TRY 143.30, which gives a possible trading interval of +/-TRY 10.20 (+/-7.66%) 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 15.32% 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 132.80 (0.23%) than the resistance at TRY 140.40 (5.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.864 Buy Candidate Upgraded

Predicted Opening Price for Lüks Kadife Ticaret ve Sanayi A.S. of Friday, May 3, 2024

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