Turkiye Sinai Kalkinma Bankasi A.S. Stock Forecast
Turkiye Sinai Kalkinma Bankasi A.S. stock price up 2.25% on Friday
(Updated on May 03, 2024)
The Turkiye Sinai Kalkinma Bankasi A.S. stock price gained 2.25% on the last trading day (Friday, 3rd May 2024), rising from TRY 9.76 to TRY 9.98. During the last trading day the stock fluctuated 4.58% from a day low at TRY 9.82 to a day high of TRY 10.27. The price has been going up and down for this period, and there has been a 4.5% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 40 million more shares were traded than the day before. In total, 56 million shares were bought and sold for approximately TRY 558.40 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.86% during the next 3 months and, with a 90% probability hold a price between TRY 9.88 and TRY 11.82 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TSKB.IS Signals & Forecast
The Turkiye Sinai Kalkinma Bankasi A.S. 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 TRY 9.90 and TRY 9.11. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -2.63%. 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).
Support, Risk & Stop-loss for Turkiye Sinai Kalkinma Bankasi A.S. stock
Turkiye Sinai Kalkinma Bankasi A.S. finds support from accumulated volume at TRY 9.52 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 0.450 between high and low, or 4.58%. For the last week, the stock has had daily average volatility of 3.69%.
Our recommended stop-loss: TRY 9.51 (-4.72%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (TSKB.IS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Turkiye Sinai Kalkinma Bankasi A.S. to open at TRY 10.02, and during the day (based on 14 day Average True Range), to move between TRY 9.55 and TRY 10.41, which gives a possible trading interval of +/-TRY 0.425 (+/-4.26%) up or down from last closing price. If Turkiye Sinai Kalkinma Bankasi A.S. takes out the full calculated possible swing range there will be an estimated 8.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at TRY 10.00 (0.20%) than the support at TRY 9.52 (4.61%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Turkiye Sinai Kalkinma Bankasi A.S. will release earnings BMO on Tuesday, May 07, 2024. We will update the financials statements for Turkiye Sinai Kalkinma Bankasi A.S., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.50% in the first trading day after earnings release.
Is Turkiye Sinai Kalkinma Bankasi A.S. 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 Turkiye Sinai Kalkinma Bankasi A.S. stock to perform well in the short-term.
Current score: 3.601 Buy Candidate Unchanged
Predicted Opening Price for Turkiye Sinai Kalkinma Bankasi A.S. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| TRY 10.02 ( 0.434%) | TRY 9.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TSKB.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.47 | 4.94 % | |
| R2 | 10.30 | 3.22 % | ||
| R1 | 10.20 | 2.16 % | ||
| Current price: | 9.98 | |||
| Support | S1 | 9.85 | -1.29 % | |
| S2 | 9.75 | -2.35 % | ||
| S3 | 9.57 | -4.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 10.25 | 2.71 % | ||
| R1 | 10.00 | 0.200 % | ||
| Current price | 9.98 | |||
| Support | S1 | 9.52 | -4.61% | |
| S2 | 9.00 | -9.82% | ||
| S3 | 8.15 | -18.34% |
TSKB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 29, 2021 | Mar 29, 2021 | Mar 29, 2021 | TRY 0.0262 | 1.90% |
| 2 | Mar 26, 2018 | Mar 26, 2018 | Mar 26, 2018 | TRY 0.0343 | 2.58% |
| 3 | Mar 27, 2017 | Mar 27, 2017 | Mar 27, 2017 | TRY 0.0293 | 2.88% |
| 4 | Mar 28, 2016 | Mar 28, 2016 | Mar 28, 2016 | TRY 0.0188 | 1.83% |
| 5 | Mar 30, 2015 | Mar 30, 2015 | Mar 30, 2015 | TRY 0.0257 | 2.38% |
FAQ
Click here for our free guide on how to buy Turkiye Sinai Kalkinma Bankasi A.S. Stock.
