Tukas Gida Sanayi ve Ticaret A.S. Stock Forecast
Green day on Friday for Tukas Gida Sanayi ve Ticaret A.S.
(Updated on Apr 19, 2024)
The Tukas Gida Sanayi ve Ticaret A.S. stock price gained 0.238% on the last trading day (Friday, 19th Apr 2024), rising from TRY 8.39 to TRY 8.41. During the last trading day the stock fluctuated 4.56% from a day low at TRY 8.11 to a day high of TRY 8.48. The price has risen in 7 of the last 10 days and is up by 10.51% over the past 2 weeks. Volume fell on the last day by -7 million shares and in total, 25 million shares were bought and sold for approximately TRY 213.04 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Tukas Gida Sanayi ve Ticaret A.S. stock with a 90% probability to be traded between TRY 7.20 and TRY 9.56 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TUKAS.IS Signals & Forecast
Mostly positive signals in the chart today. The Tukas Gida Sanayi ve Ticaret A.S. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at TRY 8.23 and TRY 8.34. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 15.36%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Tukas Gida Sanayi ve Ticaret A.S. stock
Tukas Gida Sanayi ve Ticaret A.S. finds support from accumulated volume at TRY 8.39 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 0.370 between high and low, or 4.56%. For the last week, the stock has had daily average volatility of 4.85%.
Our recommended stop-loss: TRY 8.13 (-3.28%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (TUKAS.IS) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Tukas Gida Sanayi ve Ticaret A.S. to open at TRY 8.33, and during the day (based on 14 day Average True Range), to move between TRY 8.05 and TRY 8.77, which gives a possible trading interval of +/-TRY 0.361 (+/-4.30%) up or down from last closing price. If Tukas Gida Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 8.59% 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 8.39 (0.24%) than the resistance at TRY 8.59 (2.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tukas Gida Sanayi ve Ticaret A.S. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Tukas Gida Sanayi ve Ticaret A.S. stock to perform well in the short-term period.
Current score: 1.927 Buy Candidate Unchanged
Predicted Opening Price for Tukas Gida Sanayi ve Ticaret A.S. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| TRY 8.33 ( 0.91%) | TRY 8.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TUKAS.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.70 | 3.49 % | |
| R2 | 8.56 | 1.81 % | ||
| R1 | 8.47 | 0.769 % | ||
| Current price: | 8.41 | |||
| Support | S1 | 8.19 | -2.59 % | |
| S2 | 8.10 | -3.63 % | ||
| S3 | 7.96 | -5.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.26 | 10.11 % | |
| R2 | 9.20 | 9.39 % | ||
| R1 | 8.59 | 2.14 % | ||
| Current price | 8.41 | |||
| Support | S1 | 8.39 | -0.238% | |
| S2 | 8.33 | -0.95% | ||
| S3 | 8.24 | -2.02% |
FAQ
Click here for our free guide on how to buy Tukas Gida Sanayi ve Ticaret A.S. Stock.
