Plastikkart Akilli Kart Iletisim Stock Forecast
Plastikkart Akilli Kart Iletisim stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on May 09, 2024)
The Plastikkart Akilli Kart Iletisim stock price fell by -1.87% on the last day (Thursday, 9th May 2024) from TRY 98.85 to TRY 97.00. During the last trading day the stock fluctuated 8.90% from a day low at TRY 95.50 to a day high of TRY 104.00. The price has fallen in 6 of the last 10 days but is still up by 1.15% over the past 2 weeks. Volume has increased on the last day by 244 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 501 thousand shares were bought and sold for approximately TRY 48.55 million.
The stock lies in the middle of a very 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 41.07% during the next 3 months and, with a 90% probability hold a price between TRY 112.56 and TRY 164.95 at the end of this 3-month period.
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PKART.IS Signals & Forecast
The Plastikkart Akilli Kart Iletisim 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 102.42. On a fall, the stock will find some support from the long-term average at approximately TRY 86.28. 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). 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 -14.46%. 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 Plastikkart Akilli Kart Iletisim stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 91.60 and TRY 82.65. 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 91.60. If this is broken, then the next support from accumulated volume will be at TRY 82.65 and TRY 75.75.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved TRY 8.50 between high and low, or 8.90%. For the last week, the stock has had daily average volatility of 7.39%.
Our recommended stop-loss: TRY 92.46 (-4.68%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (PKART.IS) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret A.S. to open at TRY 98.83, and during the day (based on 14 day Average True Range), to move between TRY 88.30 and TRY 105.70, which gives a possible trading interval of +/-TRY 8.70 (+/-8.97%) 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 17.94% 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 102.20 (5.36%) than the support at TRY 91.60 (5.57%), 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 Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret 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 Plastikkart Akilli Kart Iletisim 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: 3.149 Buy Candidate Upgraded
Predicted Opening Price for Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret A.S. of Friday, May 10, 2024
Fair opening price May 10, 2024 | Current price |
---|---|
TRY 98.83 ( 1.89%) | TRY 97.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PKART.IS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 107.33 | 10.65 % | |
R2 | 104.09 | 7.31 % | ||
R1 | 102.08 | 5.24 % | ||
Current price: | 97.00 | |||
Support | S1 | 95.59 | -1.46 % | |
S2 | 93.58 | -3.53 % | ||
S3 | 90.33 | -6.87 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 103.40 | 6.60 % | |
R2 | 103.10 | 6.29 % | ||
R1 | 102.20 | 5.36 % | ||
Current price | 97.00 | |||
Support | S1 | 91.60 | -5.57% | |
S2 | 82.65 | -14.79% | ||
S3 | 75.75 | -21.91% |
FAQ
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