Makina Takim Endüstrisi A.S. Stock Forecast

Makina Takim Endüstrisi A.S. stock price ended at TRY 7.11 on Friday, after gaining 0.708%.
(Updated on Apr 19, 2024)

MAKTK.IS Signals & Forecast

The Makina Takim Endüstrisi A.S. 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 7.25. On a fall, the stock will find some support from the long-term average at approximately TRY 6.92. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 08, 2024, and so far it has fallen -5.20%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Makina Takim Endüstrisi A.S. stock

Makina Takim Endüstrisi A.S. finds support from accumulated volume at TRY 6.96 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved TRY 0.290 between high and low, or 4.20%. For the last week, the stock has had daily average volatility of 4.68%.

Our recommended stop-loss: TRY 6.75 (-5.12%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)

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

For the upcoming trading day on Monday, 22nd we expect Makina Takim Endüstrisi A.S. to open at TRY 7.07, and during the day (based on 14 day Average True Range), to move between TRY 6.71 and TRY 7.51, which gives a possible trading interval of +/-TRY 0.398 (+/-5.60%) up or down from last closing price. If Makina Takim Endüstrisi A.S. takes out the full calculated possible swing range there will be an estimated 11.19% 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 6.96 (2.11%) than the resistance at TRY 7.29 (2.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Makina Takim Endüstrisi 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 Makina Takim Endüstrisi A.S. stock to perform well in the short-term.

Current score: 2.114 Buy Candidate Unchanged

Predicted Opening Price for Makina Takim Endüstrisi A.S. of Monday, April 22, 2024

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