Turkcell Iletisim Hizmetleri A.S. Stock Forecast
Green day on Wednesday for Turkcell Iletisim Hizmetleri A.S. stock after gaining 2.25%
(Updated on Apr 17, 2024)
The Turkcell Iletisim Hizmetleri A.S. stock price gained 2.25% on the last trading day (Wednesday, 17th Apr 2024), rising from TRY 73.25 to TRY 74.90. During the last trading day the stock fluctuated 2.65% from a day low at TRY 73.50 to a day high of TRY 75.45. The price has risen in 6 of the last 10 days and is up by 10.64% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 million more shares were traded than the day before. In total, 32 million shares were bought and sold for approximately TRY 2.39 billion.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at TRY 75.58 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.72% during the next 3 months and, with a 90% probability hold a price between TRY 64.85 and TRY 78.40 at the end of this 3-month period.
TCELL.IS Signals & Forecast
The Turkcell Iletisim Hizmetleri A.S. 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 73.84 and TRY 67.21. A breakdown below any of these levels will issue sell signals. 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. 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 09, 2024, and so far it has fallen -0.729%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Turkcell Iletisim Hizmetleri A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 69.35 and TRY 69.30. 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, Turkcell Iletisim Hizmetleri A.S. finds support just below today's level at TRY 69.35. If this is broken, then the next support from accumulated volume will be at TRY 69.30 and TRY 69.05.
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 1.95 between high and low, or 2.65%. For the last week, the stock has had daily average volatility of 2.72%.
Our recommended stop-loss: TRY 71.94 (-3.95%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (TCELL.IS) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Turkcell Iletisim Hizmetleri A.S. to open at TRY 74.62, and during the day (based on 14 day Average True Range), to move between TRY 72.46 and TRY 77.34, which gives a possible trading interval of +/-TRY 2.44 (+/-3.26%) up or down from last closing price. If Turkcell Iletisim Hizmetleri A.S. takes out the full calculated possible swing range there will be an estimated 6.53% 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 74.95 (0.07%) than the support at TRY 69.35 (7.41%), 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 Turkcell Iletisim Hizmetleri 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 Turkcell Iletisim Hizmetleri A.S. stock to perform well in the short-term.
Current score: 4.018 Buy Candidate Unchanged
Predicted Opening Price for Turkcell Iletisim Hizmetleri A.S. of Thursday, April 18, 2024
Fair opening price April 18, 2024 | Current price |
---|---|
TRY 74.62 ( 0.378%) | TRY 74.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TCELL.IS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 76.57 | 2.23 % | |
R2 | 75.82 | 1.23 % | ||
R1 | 75.36 | 0.616 % | ||
Current price: | 74.90 | |||
Support | S1 | 73.87 | -1.37 % | |
S2 | 73.41 | -1.99 % | ||
S3 | 72.67 | -2.98 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 75.45 | 0.734 % | ||
R1 | 74.95 | 0.0668 % | ||
Current price | 74.90 | |||
Support | S1 | 69.35 | -7.41% | |
S2 | 69.30 | -7.48% | ||
S3 | 69.05 | -7.81% |
TCELL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 05, 2024 | Dec 05, 2024 | Dec 09, 2024 | TRY 2.85 | 3.79% |
2 | Dec 20, 2023 | Dec 20, 2023 | Dec 20, 2023 | TRY 0 | 0% |
3 | Jul 26, 2022 | Jul 26, 2022 | Jul 26, 2022 | TRY 0.572 | 3.33% |
4 | Oct 27, 2021 | Oct 27, 2021 | Oct 27, 2021 | TRY 0.392 | 2.54% |
5 | Jul 30, 2021 | Jul 30, 2021 | Jul 30, 2021 | TRY 0.392 | 2.55% |
FAQ
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