Sarkuysan Elektrolitik Bakir Sanayi ve Stock Forecast
A very red day for Sarkuysan Elektrolitik Bakir Sanayi ve stock price after a -5.93% fall in the Monday trading session
(Updated on May 13, 2024)
The Sarkuysan Elektrolitik Bakir Sanayi ve stock price fell by -5.93% on the last day (Monday, 13th May 2024) from TRY 34.38 to TRY 32.34. During the last trading day the stock fluctuated 6.31% from a day low at TRY 32.32 to a day high of TRY 34.36. The price has been going up and down for this period, and there has been a -4.04% loss for the last 2 weeks. 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 -159 thousand shares and in total, 2 million shares were bought and sold for approximately TRY 51.27 million.
The stock lies in the middle of a 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 -2.25% during the next 3 months and, with a 90% probability hold a price between TRY 28.74 and TRY 34.63 at the end of this 3-month period.
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SARKY.IS Signals & Forecast
There are few to no technical positive signals at the moment. The Sarkuysan Elektrolitik Bakir Sanayi ve stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at TRY 34.11 and TRY 32.41. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -8.90%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Sarkuysan Elektrolitik Bakir Sanayi ve stock
Sarkuysan Elektrolitik Bakir Sanayi ve finds support from accumulated volume at TRY 32.26 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 2.04 between high and low, or 6.31%. For the last week, the stock has had daily average volatility of 4.59%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SARKY.IS) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A.S. to open at TRY 33.01, and during the day (based on 14 day Average True Range), to move between TRY 30.97 and TRY 33.71, which gives a possible trading interval of +/-TRY 1.37 (+/-4.24%) up or down from last closing price. If Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 8.48% 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 32.26 (0.25%) than the resistance at TRY 34.00 (5.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A.S. stock A Buy?
Sarkuysan Elektrolitik Bakir Sanayi ve holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.187 Sell Candidate Downgraded
Predicted Opening Price for Sarkuysan Elektrolitik Bakir Sanayi ve Ticaret A.S. of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| TRY 33.01 ( 2.06%) | TRY 32.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SARKY.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.05 | 8.37 % | |
| R2 | 34.27 | 5.96 % | ||
| R1 | 33.79 | 4.47 % | ||
| Current price: | 32.34 | |||
| Support | S1 | 32.23 | -0.348 % | |
| S2 | 31.75 | -1.84 % | ||
| S3 | 30.97 | -4.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.34 | 9.28 % | |
| R2 | 34.70 | 7.30 % | ||
| R1 | 34.00 | 5.13 % | ||
| Current price | 32.34 | |||
| Support | S1 | 32.26 | -0.247% | |
| S2 | 32.06 | -0.87% | ||
| S3 | 31.70 | -1.98% |
SARKY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2024 | Jun 07, 2024 | Jun 11, 2024 | TRY 0.444 | 1.37% |
| 2 | Jun 12, 2023 | Jun 12, 2023 | Jun 12, 2023 | TRY 0.200 | 0.775% |
| 3 | Apr 22, 2022 | Apr 22, 2022 | Apr 22, 2022 | TRY 0.225 | 1.97% |
| 4 | May 05, 2021 | May 05, 2021 | May 05, 2021 | TRY 0.188 | 2.06% |
| 5 | Jul 13, 2020 | Jul 13, 2020 | Jul 13, 2020 | TRY 0.0473 | 1.63% |
FAQ
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