Teknosa Iç ve Dis Ticaret Anonim Stock Forecast
Teknosa Iç ve Dis Ticaret Anonim stock price ended at TRY 39.80 on Thursday, after losing 0.748%.
(Updated on Apr 25, 2024)
The Teknosa Iç ve Dis Ticaret Anonim stock price fell by -0.748% on the last day (Thursday, 25th Apr 2024) from TRY 40.10 to TRY 39.80. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.62% from a day low at TRY 39.18 to a day high of TRY 40.60. The price has fallen in 7 of the last 10 days but is still up by 4.57% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -363 thousand shares and in total, 3 million shares were bought and sold for approximately TRY 113.10 million.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at TRY 36.83 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Teknosa Iç ve Dis Ticaret Anonim stock with a 90% probability to be traded between TRY 36.66 and TRY 52.93 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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TKNSA.IS Signals & Forecast
There are mixed signals in the stock today. The Teknosa Iç ve Dis Ticaret Anonim stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at TRY 39.98 and TRY 42.45. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 7.92%. 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).
Support, Risk & Stop-loss for Teknosa Iç ve Dis Ticaret Anonim stock
Teknosa Iç ve Dis Ticaret Anonim finds support from accumulated volume at TRY 39.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 1.42 between high and low, or 3.62%. For the last week, the stock has had daily average volatility of 3.80%.
Our recommended stop-loss: TRY 38.00 (-4.53%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (TKNSA.IS) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Teknosa Iç ve Dis Ticaret Anonim Sirketi to open at TRY 39.86, and during the day (based on 14 day Average True Range), to move between TRY 37.84 and TRY 41.76, which gives a possible trading interval of +/-TRY 1.96 (+/-4.93%) up or down from last closing price. If Teknosa Iç ve Dis Ticaret Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 9.86% 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 39.50 (0.75%) than the resistance at TRY 44.00 (10.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Teknosa Iç ve Dis Ticaret Anonim Sirketi stock A Buy?
Teknosa Iç ve Dis Ticaret Anonim 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: -0.567 Hold/Accumulate Unchanged
Predicted Opening Price for Teknosa Iç ve Dis Ticaret Anonim Sirketi of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| TRY 39.86 ( 0.151%) | TRY 39.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TKNSA.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.28 | 3.72 % | |
| R2 | 40.74 | 2.36 % | ||
| R1 | 40.40 | 1.51 % | ||
| Current price: | 39.80 | |||
| Support | S1 | 39.32 | -1.21 % | |
| S2 | 38.98 | -2.05 % | ||
| S3 | 38.44 | -3.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.70 | 24.87 % | |
| R2 | 48.66 | 22.26 % | ||
| R1 | 44.00 | 10.55 % | ||
| Current price | 39.80 | |||
| Support | S1 | 39.50 | -0.754% | |
| S2 | 38.92 | -2.21% | ||
| S3 | 36.90 | -7.29% |
FAQ
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