Türk Telekomünikasyon A.S. Stock Forecast

Green day on Friday for Türk Telekomünikasyon A.S.
(Updated on May 03, 2024)

TTKOM.IS Signals & Forecast

The Türk Telekomünikasyon A.S. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 40.05. On a fall, the stock will find some support from the long-term average at approximately TRY 33.92. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Monday, April 29, 2024, and so far it has fallen -1.43%. 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 Türk Telekomünikasyon A.S. stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 33.28 and TRY 31.38. 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 33.28. If this is broken, then the next support from accumulated volume will be at TRY 31.38 and TRY 30.30.

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 1.14 between high and low, or 2.89%. For the last week, the stock has had daily average volatility of 3.25%.

Our recommended stop-loss: TRY 38.21 (-4.23%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (TTKOM.IS) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Türk Telekomünikasyon A.S. to open at TRY 40.01, and during the day (based on 14 day Average True Range), to move between TRY 38.33 and TRY 41.47, which gives a possible trading interval of +/-TRY 1.57 (+/-3.93%) 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 7.85% 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 (0.10%) than the support at TRY 33.28 (16.59%), 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.

Current score: 3.165 Buy Candidate Unchanged

Predicted Opening Price for Türk Telekomünikasyon A.S. of Monday, May 6, 2024

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