Turkcell Iletisim Hizmetleri AS Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for Turkcell Iletisim Hizmetleri AS
(Updated on Apr 26, 2024)
The Turkcell Iletisim Hizmetleri AS stock price gained 0.504% on the last trading day (Friday, 26th Apr 2024), rising from $5.95 to $5.98. It has now gained 9 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 1.76% from a day low at $5.96 to a day high of $6.07. The price has risen in 9 of the last 10 days and is up by 8.73% 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, 181 thousand more shares were traded than the day before. In total, 442 thousand shares were bought and sold for approximately $2.65 million.
Given the current short-term trend, the stock is expected to rise 3.95% during the next 3 months and, with a 90% probability hold a price between $5.13 and $6.22 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 $5.85 and $5.38. 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 23.81%. Further rise is indicated until a new top pivot has been found. 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. 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 $5.50 and $5.36. 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 $5.50. If this is broken, then the next support from accumulated volume will be at $5.36 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 $0.105 between high and low, or 1.76%. For the last week, the stock has had daily average volatility of 1.73%.
Since the Turkcell Iletisim Hizmetleri AS 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: $5.76 (-3.74%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (TKC) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Turkcell Iletisim Hizmetleri AS to open at $6.00, and during the day (based on 14 day Average True Range), to move between $5.84 and $6.12, which gives a possible trading interval of +/-$0.141 (+/-2.36%) 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 4.71% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $5.50, some $0.480 (8.03%) from the current price of $5.98, 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.
Current score: 4.688 Buy Candidate Unchanged
Predicted Opening Price for Turkcell Iletisim Hizmetleri AS of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $6.00 ( 0.362%) | $5.98 |
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 | 6.11 | 2.12 % | |
| R2 | 6.07 | 1.45 % | ||
| R1 | 6.04 | 1.03 % | ||
| Current price: | 5.98 | |||
| Support | S1 | 5.96 | -0.308 % | |
| S2 | 5.94 | -0.723 % | ||
| S3 | 5.90 | -1.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 5.98 | |||
| Support | S1 | 5.50 | -8.03% | |
| S2 | 5.36 | -10.37% | ||
| S3 | 5.28 | -11.71% |
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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