Turkcell Iletisim Hizmetleri AS Stock Forecast
Turkcell Iletisim Hizmetleri AS stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The Turkcell Iletisim Hizmetleri AS stock price gained 0.168% on the last trading day (Thursday, 25th Apr 2024), rising from $5.94 to $5.95. It has now gained 8 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 1.44% from a day low at $5.90 to a day high of $5.98. The price has risen in 8 of the last 10 days and is up by 3.84% over the past 2 weeks. Volume fell on the last day by -90 thousand shares and in total, 261 thousand shares were bought and sold for approximately $1.55 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to rise 2.57% during the next 3 months and, with a 90% probability hold a price between $5.03 and $6.10 at the end of this 3-month period.
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TKC Signals & Forecast
The Turkcell Iletisim Hizmetleri AS 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 $5.80 and $5.36. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 23.19%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Tuesday, January 02, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, January 02, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Turkcell Iletisim Hizmetleri AS stock
On the downside, the stock finds support just below today's level from accumulated volume at $5.62 and $5.50. 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 AS finds support just below today's level at $5.62. If this is broken, then the next support from accumulated volume will be at $5.50 and $5.28.
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 $0.0850 between high and low, or 1.44%. For the last week, the stock has had daily average volatility of 1.93%.
Since the Turkcell Iletisim Hizmetleri AS 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: $5.76 (-3.22%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (TKC) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Turkcell Iletisim Hizmetleri AS to open at $5.94, and during the day (based on 14 day Average True Range), to move between $5.81 and $6.09, which gives a possible trading interval of +/-$0.143 (+/-2.40%) up or down from last closing price. If Turkcell Iletisim Hizmetleri AS takes out the full calculated possible swing range there will be an estimated 4.80% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $5.62, some $0.330 (5.55%) from the current price of $5.95, our system finds the risk reward attractive.
Is Turkcell Iletisim Hizmetleri AS 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 AS stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.187 Buy Candidate Upgraded
Predicted Opening Price for Turkcell Iletisim Hizmetleri AS of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $5.94 ( 0.140%) | $5.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TKC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.03 | 1.29 % | |
| R2 | 5.99 | 0.743 % | ||
| R1 | 5.97 | 0.406 % | ||
| Current price: | 5.95 | |||
| Support | S1 | 5.91 | -0.686 % | |
| S2 | 5.89 | -1.02 % | ||
| S3 | 5.86 | -1.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 5.95 | |||
| Support | S1 | 5.62 | -5.55% | |
| S2 | 5.50 | -7.56% | ||
| S3 | 5.28 | -11.26% |
TKC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 09, 2023 | Dec 20, 2023 | Dec 29, 2023 | $0.0953 | 1.98% |
| 2 | Jun 22, 2022 | Jul 26, 2022 | Aug 03, 2022 | $0.0830 | 3.52% |
| 3 | Oct 08, 2021 | Oct 29, 2021 | Nov 08, 2021 | $0.110 | 2.53% |
| 4 | Jul 12, 2021 | Jul 30, 2021 | Aug 09, 2021 | $0.113 | 2.52% |
| 5 | Apr 19, 2021 | Apr 30, 2021 | May 10, 2021 | $0.121 | 2.60% |
FAQ
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