Turkiye Sinai Kalkinma Bankasi A.S. Stock Forecast
Turkiye Sinai Kalkinma Bankasi A.S. stock price ended at TRY 10.88 on Thursday, after losing 0.275%.
(Updated on May 23, 2024)
The Turkiye Sinai Kalkinma Bankasi A.S. stock price fell by -0.275% on the last day (Thursday, 23rd May 2024) from TRY 10.91 to TRY 10.88. During the last trading day the stock fluctuated 3.63% from a day low at TRY 10.75 to a day high of TRY 11.14. The price has risen in 6 of the last 10 days and is up by 4.72% 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 -5 million shares and in total, 29 million shares were bought and sold for approximately TRY 315.58 million.
The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at TRY 10.96 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 35.95% during the next 3 months and, with a 90% probability hold a price between TRY 13.61 and TRY 14.90 at the end of this 3-month period.
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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 10.66 and TRY 9.87. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, May 22, 2024, and so far it has fallen -0.275%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
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 10.83 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 0.390 between high and low, or 3.63%. For the last week, the stock has had daily average volatility of 4.72%.
Our recommended stop-loss: TRY 10.48 (-3.69%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (TSKB.IS) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect Turkiye Sinai Kalkinma Bankasi A.S. to open at TRY 10.92, and during the day (based on 14 day Average True Range), to move between TRY 10.48 and TRY 11.28, which gives a possible trading interval of +/-TRY 0.404 (+/-3.72%) 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 7.43% 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 10.91 (0.28%) than the support at TRY 10.83 (0.46%), 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.
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: 3.708 Buy Candidate Unchanged
Predicted Opening Price for Turkiye Sinai Kalkinma Bankasi A.S. of Friday, May 24, 2024
| Fair opening price May 24, 2024 | Current price |
|---|---|
| TRY 10.92 ( 0.398%) | TRY 10.88 |
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 | 11.31 | 3.98 % | |
| R2 | 11.16 | 2.61 % | ||
| R1 | 11.07 | 1.77 % | ||
| Current price: | 10.88 | |||
| Support | S1 | 10.77 | -0.97 % | |
| S2 | 10.68 | -1.82 % | ||
| S3 | 10.53 | -3.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 10.91 | 0.276 % | ||
| Current price | 10.88 | |||
| Support | S1 | 10.83 | -0.460% | |
| S2 | 10.25 | -5.79% | ||
| S3 | 9.83 | -9.65% |
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
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