Teknosa Iç ve Dis Ticaret Anonim Stock Forecast

Teknosa Iç ve Dis Ticaret Anonim stock downgraded from Hold/Accumulate to Sell Candidate after Monday trading session.
(Updated on May 06, 2024)

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 40.58 and TRY 41.39. 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 8.84%. 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 40.00 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 0.780 between high and low, or 1.95%. For the last week, the stock has had daily average volatility of 2.87%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (TKNSA.IS) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Teknosa Iç ve Dis Ticaret Anonim Sirketi to open at TRY 40.36, and during the day (based on 14 day Average True Range), to move between TRY 38.44 and TRY 41.84, which gives a possible trading interval of +/-TRY 1.70 (+/-4.22%) 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 8.45% 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 40.00 (0.35%) than the resistance at TRY 44.00 (9.62%), 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 negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.140 Sell Candidate Downgraded

Predicted Opening Price for Teknosa Iç ve Dis Ticaret Anonim Sirketi of Tuesday, May 7, 2024

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