Tek-Art Insaat Ticaret Turizm Sanayi ve Stock Forecast

Red day on Friday for Tek-Art Insaat Ticaret Turizm Sanayi ve
(Updated on May 24, 2024)

TEKTU.IS Signals & Forecast

The Tek-Art Insaat Ticaret Turizm Sanayi ve stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 4.46. On a fall, the stock will find some support from the long-term average at approximately TRY 3.90. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell 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 Friday, May 10, 2024, and so far it has fallen -12.27%. 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 Tek-Art Insaat Ticaret Turizm Sanayi ve stock

Tek-Art Insaat Ticaret Turizm Sanayi ve finds support from accumulated volume at TRY 4.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 0.210 between high and low, or 5.00%. For the last week, the stock has had daily average volatility of 5.96%.

Our recommended stop-loss: TRY 3.97 (-5.90%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 31 days ago.)

Trading Expectations (TEKTU.IS) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect Tek-Art Insaat Ticaret Turizm Sanayi ve Yatirimlar Anonim Sirketi to open at TRY 4.28, and during the day (based on 14 day Average True Range), to move between TRY 3.97 and TRY 4.47, which gives a possible trading interval of +/-TRY 0.253 (+/-6.00%) 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 12.00% 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 4.18 (0.95%) than the resistance at TRY 4.47 (5.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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, 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.

Current score: 0.606 Hold/Accumulate Unchanged

Predicted Opening Price for Tek-Art Insaat Ticaret Turizm Sanayi ve Yatirimlar Anonim Sirketi of Monday, May 27, 2024

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