Plastikkart Akilli Kart Iletisim Stock Forecast

Big movements in Plastikkart Akilli Kart Iletisim stock price on Friday moving 12.32% between high and low
(Updated on Apr 26, 2024)

PKART.IS Signals & Forecast

The Plastikkart Akilli Kart Iletisim 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 89.62 and TRY 78.11. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 56.80%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Plastikkart Akilli Kart Iletisim stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 97.00 and TRY 91.60. 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, Plastikkart Akilli Kart Iletisim finds support just below today's level at TRY 97.00. If this is broken, then the next support from accumulated volume will be at TRY 91.60 and TRY 82.65.

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 11.70 between high and low, or 12.32%. For the last week, the stock has had daily average volatility of 11.80%.

The Plastikkart Akilli Kart Iletisim stock is extremely overbought on RSI14 (79). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: TRY 103.58 (-2.92%) (This stock has high daily movements and this gives high risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from a pivot bottom found 12 days ago.)

Trading Expectations (PKART.IS) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret A.S. to open at TRY 102.80, and during the day (based on 14 day Average True Range), to move between TRY 98.65 and TRY 114.75, which gives a possible trading interval of +/-TRY 8.05 (+/-7.55%) up or down from last closing price. If Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 15.10% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ TRY 97.00, some TRY 9.70 (9.09%) from the current price of TRY 106.70, our system finds the risk reward attractive.

Is Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret A.S. stock A Buy?

Plastikkart Akilli Kart Iletisim holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret A.S. of Monday, April 29, 2024

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