Sok Marketler Ticaret A.S. Stock Forecast
Sok Marketler Ticaret A.S. stock upgraded from Strong Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Apr 25, 2024)
The Sok Marketler Ticaret A.S. stock price gained 3.14% on the last trading day (Thursday, 25th Apr 2024), rising from TRY 55.80 to TRY 57.55. During the last trading day the stock fluctuated 3.93% from a day low at TRY 56.05 to a day high of TRY 58.25. The price has fallen in 8 of the last 10 days and is down by -11.46% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 16 million shares were bought and sold for approximately TRY 899.22 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 55.62 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -13.89% during the next 3 months and, with a 90% probability hold a price between TRY 47.90 and TRY 56.19 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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SOKM.IS Signals & Forecast
There are mixed signals in the stock today. The Sok Marketler Ticaret A.S. 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 57.85 and TRY 61.92. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 3.14%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Sok Marketler Ticaret A.S. stock
Sok Marketler Ticaret A.S. finds support from accumulated volume at TRY 57.25 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 2.20 between high and low, or 3.93%. For the last week, the stock has had daily average volatility of 3.51%.
Our recommended stop-loss: TRY 54.71 (-4.93%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (SOKM.IS) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Sok Marketler Ticaret A.S. to open at TRY 57.28, and during the day (based on 14 day Average True Range), to move between TRY 55.38 and TRY 59.72, which gives a possible trading interval of +/-TRY 2.17 (+/-3.78%) up or down from last closing price. If Sok Marketler Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 7.55% 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 57.25 (0.52%) than the resistance at TRY 58.75 (2.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sok Marketler Ticaret A.S. stock A Buy?
Sok Marketler Ticaret A.S. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Hold/Accumulate candidate.
Current score: -0.829 Hold/Accumulate Upgraded
Predicted Opening Price for Sok Marketler Ticaret A.S. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| TRY 57.28 ( 0.463%) | TRY 57.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SOKM.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 59.48 | 3.36 % | |
| R2 | 58.64 | 1.90 % | ||
| R1 | 58.12 | 1.00 % | ||
| Current price: | 57.55 | |||
| Support | S1 | 56.44 | -1.92 % | |
| S2 | 55.92 | -2.83 % | ||
| S3 | 55.08 | -4.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.00 | 12.95 % | |
| R2 | 63.80 | 10.86 % | ||
| R1 | 58.75 | 2.09 % | ||
| Current price | 57.55 | |||
| Support | S1 | 57.25 | -0.521% | |
| S2 | 56.80 | -1.30% | ||
| S3 | 55.80 | -3.04% |
SOKM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 01, 2024 | Jul 01, 2024 | Jul 03, 2024 | TRY 1.69 | 2.93% |
| 2 | Aug 22, 2023 | Aug 22, 2023 | Aug 22, 2023 | TRY 0.506 | 0.95% |
| 3 | Jul 01, 2021 | Jul 01, 2021 | Jul 01, 2021 | TRY 0.130 | 1.13% |
FAQ
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