Tek-Art Insaat Ticaret Turizm Sanayi ve Stock Forecast

Stronger technical forecast for Tek-Art Insaat Ticaret Turizm Sanayi ve stock price after Friday trading.
(Updated on May 10, 2024)

TEKTU.IS Signals & Forecast

Mostly positive signals in the chart today. The Tek-Art Insaat Ticaret Turizm Sanayi ve 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 4.25 and TRY 3.60. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 56.17%. 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 Tek-Art Insaat Ticaret Turizm Sanayi ve stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 4.04 and TRY 3.99. 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, Tek-Art Insaat Ticaret Turizm Sanayi ve finds support just below today's level at TRY 4.04. If this is broken, then the next support from accumulated volume will be at TRY 3.99 and TRY 3.95.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved TRY 0.380 between high and low, or 8.30%. For the last week, the stock has had daily average volatility of 6.47%.

The Tek-Art Insaat Ticaret Turizm Sanayi ve stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but 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 Tek-Art Insaat Ticaret Turizm Sanayi ve has been rising for 8 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 4.61 (-4.10%) (This stock has high daily movements and this gives high risk. The RSI14 is 89 and this increases the risk substantially. There is a buy signal from a pivot bottom found 21 days ago.)

Trading Expectations (TEKTU.IS) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Tek-Art Insaat Ticaret Turizm Sanayi ve Yatirimlar Anonim Sirketi to open at TRY 4.78, and during the day (based on 14 day Average True Range), to move between TRY 4.57 and TRY 5.05, which gives a possible trading interval of +/-TRY 0.235 (+/-4.89%) up or down from last closing price. If Tek-Art Insaat Ticaret Turizm Sanayi ve Yatirimlar Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 9.78% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ TRY 4.04, some TRY 0.770 (16.01%) from the current price of TRY 4.81, our system finds the risk reward attractive.

Is Tek-Art Insaat Ticaret Turizm Sanayi ve Yatirimlar Anonim Sirketi stock A Buy?

Tek-Art Insaat Ticaret Turizm Sanayi ve holds several positive signals and despite the stock being in a falling trend, we considered it to be a good choice at these current levels. We expect Tek-Art Insaat Ticaret Turizm Sanayi ve stock will perform very well in the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

Current score: 5.813 Strong Buy Candidate Upgraded

Predicted Opening Price for Tek-Art Insaat Ticaret Turizm Sanayi ve Yatirimlar Anonim Sirketi of Monday, May 13, 2024

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