Türk Telekomünikasyon A.S. Stock Forecast
Türk Telekomünikasyon A.S. stock downgraded to Buy Candidate
(Updated on Apr 25, 2024)
The Türk Telekomünikasyon A.S. stock price fell by -0.150% on the last day (Thursday, 25th Apr 2024) from TRY 39.94 to TRY 39.88. During the last trading day the stock fluctuated 2.95% from a day low at TRY 39.30 to a day high of TRY 40.46. The price has been going up and down for this period, and there has been a 11.21% gain for the last 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 -6 million shares and in total, 20 million shares were bought and sold for approximately TRY 811.37 million.
The stock lies in the upper part of a very wide and weak 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 39.99 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 8.37% during the next 3 months and, with a 90% probability hold a price between TRY 32.46 and TRY 43.34 at the end of this 3-month period.
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TTKOM.IS Signals & Forecast
The Türk Telekomünikasyon 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 38.06 and TRY 32.60. 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, April 24, 2024, and so far it has fallen -0.150%. 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 Türk Telekomünikasyon A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 34.30 and TRY 32.60. 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, Türk Telekomünikasyon A.S. finds support just below today's level at TRY 34.30. If this is broken, then the next support from accumulated volume will be at TRY 32.60 and TRY 31.38.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved TRY 1.16 between high and low, or 2.95%. For the last week, the stock has had daily average volatility of 5.98%.
The Türk Telekomünikasyon A.S. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: TRY 38.50 (-3.46%) (This stock has high daily movements and this gives high risk. The RSI14 is 80 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (TTKOM.IS) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Türk Telekomünikasyon A.S. to open at TRY 39.88, and during the day (based on 14 day Average True Range), to move between TRY 38.18 and TRY 41.58, which gives a possible trading interval of +/-TRY 1.70 (+/-4.25%) up or down from last closing price. If Türk Telekomünikasyon A.S. takes out the full calculated possible swing range there will be an estimated 8.51% 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 39.94 (0.15%) than the support at TRY 34.30 (13.99%), 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 Türk Telekomünikasyon 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 Türk Telekomünikasyon A.S. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 3.500 Buy Candidate Downgraded
Predicted Opening Price for Türk Telekomünikasyon A.S. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| TRY 39.88 ( 0.00000000%) | TRY 39.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TTKOM.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.04 | 2.91 % | |
| R2 | 40.60 | 1.80 % | ||
| R1 | 40.32 | 1.11 % | ||
| Current price: | 39.88 | |||
| Support | S1 | 39.44 | -1.11 % | |
| S2 | 39.16 | -1.80 % | ||
| S3 | 38.72 | -2.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 39.94 | 0.150 % | ||
| Current price | 39.88 | |||
| Support | S1 | 34.30 | -13.99% | |
| S2 | 32.60 | -18.25% | ||
| S3 | 31.38 | -21.31% |
TTKOM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | TRY 1.42 | 13.74% |
| 2 | Oct 01, 2021 | Oct 01, 2021 | Oct 01, 2021 | TRY 0.178 | 2.41% |
| 3 | Jul 01, 2021 | Jul 01, 2021 | Jul 01, 2021 | TRY 0.178 | 2.76% |
| 4 | Apr 01, 2021 | Apr 01, 2021 | Apr 01, 2021 | TRY 0.178 | 2.63% |
| 5 | Jul 28, 2020 | Jul 28, 2020 | Jul 28, 2020 | TRY 0.172 | 2.25% |
FAQ
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