QNB Finans Finansal Kiralama AS Stock Forecast
Red day on Thursday for QNB Finans Finansal Kiralama AS stock after losing 1.79%
(Updated on Jul 04, 2024)
The QNB Finans Finansal Kiralama AS stock price fell by -1.79% on the last day (Thursday, 4th Jul 2024) from TRY 117.10 to TRY 115.00. During the last trading day the stock fluctuated 0% from a day low at TRY 115.00 to a day high of TRY 115.00. The price has fallen in 6 of the last 10 days and is down by -11.54% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -9 thousand shares and in total, 4 thousand shares were bought and sold for approximately TRY 517.04 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -22.40% during the next 3 months and, with a 90% probability hold a price between TRY 73.79 and TRY 108.51 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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QNBFL.IS Signals & Forecast
There are mixed signals in the stock today. The QNB Finans Finansal Kiralama AS stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at TRY 116.24 and TRY 124.26. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 8.59%. 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).
Support, Risk & Stop-loss for QNB Finans Finansal Kiralama AS stock
QNB Finans Finansal Kiralama AS finds support from accumulated volume at TRY 112.50 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved TRY 0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.95%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (QNBFL.IS) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect QNB Finans Finansal Kiralama AS to open at TRY 115.00, and during the day (based on 14 day Average True Range), to move between TRY 109.87 and TRY 120.13, which gives a possible trading interval of +/-TRY 5.13 (+/-4.47%) up or down from last closing price. If QNB Finans Finansal Kiralama AS takes out the full calculated possible swing range there will be an estimated 8.93% 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 112.50 (2.17%) than the resistance at TRY 141.00 (22.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is QNB Finans Finansal Kiralama AS stock A Buy?
QNB Finans Finansal Kiralama AS holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.023 Sell Candidate Unchanged
Predicted Opening Price for QNB Finans Finansal Kiralama AS of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| TRY 115.00 ( 0%) | TRY 115.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QNBFL.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 115.00 | - |
| R2 | 115.00 | - |
| R1 | 115.00 | - |
| Price | 115.00 | |
| S1 | 115.00 | - |
| S2 | 115.00 | - |
| S3 | 115.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 142.10 | 23.57% |
| R2 | 142.00 | 23.48% |
| R1 | 141.00 | 22.61% |
| Price | 115.00 | |
| S1 | 112.50 | -2.17% |
| S2 | 110.10 | -4.26% |
| S3 | 105.90 | -7.91% |
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