Turkcell Iletisim Hizmetleri A.S. Stock Forecast

Green day on Tuesday for Turkcell Iletisim Hizmetleri A.S.
(Updated on Apr 30, 2024)

TCELL.IS Signals & Forecast

Mostly positive signals in the chart today. 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 78.69 and TRY 70.20. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 12, 2024, and so far it has risen 31.38%. 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 Turkcell Iletisim Hizmetleri A.S. stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 69.05 and TRY 68.35. 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 69.05. If this is broken, then the next support from accumulated volume will be at TRY 68.35 and TRY 67.50.

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 1.80 between high and low, or 2.27%. For the last week, the stock has had daily average volatility of 2.64%.

The Turkcell Iletisim Hizmetleri A.S. stock is overbought on RSI14 and the RSI has been falling for the last couple of days. This together with the fact that the stock is in the upper part of the trend poses a possible good selling opportunity for the short-term trader. However, one should note that some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs. Since the Turkcell Iletisim Hizmetleri A.S. has been rising for 9 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: TRY 78.12 (-3.32%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (TCELL.IS) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Turkcell Iletisim Hizmetleri A.S. to open at TRY 80.37, and during the day (based on 14 day Average True Range), to move between TRY 78.47 and TRY 83.13, which gives a possible trading interval of +/-TRY 2.33 (+/-2.89%) 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 5.77% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ TRY 69.05, some TRY 11.75 (14.54%) from the current price of TRY 80.80, our system finds the risk reward attractive.

Is Turkcell Iletisim Hizmetleri A.S. stock A Buy?

Turkcell Iletisim Hizmetleri A.S. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 6.531 Strong Buy Candidate Unchanged

Predicted Opening Price for Turkcell Iletisim Hizmetleri A.S. of Thursday, May 2, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.