Ülker Bisküvi Sanayi A.S. Stock Forecast
Ülker Bisküvi Sanayi A.S. stock price ended at TRY 119.40 on Monday, after losing 0.417%.
(Updated on May 13, 2024)
The Ülker Bisküvi Sanayi A.S. stock price fell by -0.417% on the last day (Monday, 13th May 2024) from TRY 119.90 to TRY 119.40. During the last trading day the stock fluctuated 3.94% from a day low at TRY 116.80 to a day high of TRY 121.40. The price has been going up and down for this period, and there has been a 8.25% gain for the last 2 weeks. Volume has increased on the last day by 92 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 8 million shares were bought and sold for approximately TRY 938.10 million.
The stock lies in the upper part of a 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 120.07 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 8.89% during the next 3 months and, with a 90% probability hold a price between TRY 112.79 and TRY 130.74 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.
ULKER.IS Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -0.417%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Ülker Bisküvi Sanayi 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 117.44 and TRY 109.78. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Ülker Bisküvi Sanayi A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 111.30 and TRY 111.00. 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, Ülker Bisküvi Sanayi A.S. finds support just below today's level at TRY 111.30. If this is broken, then the next support from accumulated volume will be at TRY 111.00 and TRY 110.30.
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 4.60 between high and low, or 3.94%. For the last week, the stock has had daily average volatility of 3.82%.
Our recommended stop-loss: TRY 115.96 (-2.88%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (ULKER.IS) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Ülker Bisküvi Sanayi A.S. to open at TRY 119.20, and during the day (based on 14 day Average True Range), to move between TRY 114.90 and TRY 123.90, which gives a possible trading interval of +/-TRY 4.50 (+/-3.76%) up or down from last closing price. If Ülker Bisküvi Sanayi A.S. takes out the full calculated possible swing range there will be an estimated 7.53% 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 119.90 (0.42%) than the support at TRY 111.30 (6.78%), 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
Ülker Bisküvi Sanayi A.S. will release earnings BMO on Monday, May 13, 2024. We will update the financials statements for Ülker Bisküvi Sanayi A.S., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.12% in the first trading day after earnings release.
Is Ülker Bisküvi Sanayi 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 Ülker Bisküvi Sanayi A.S. stock to perform well in the short-term.
Current score: 1.386 Buy Candidate Unchanged
Predicted Opening Price for Ülker Bisküvi Sanayi A.S. of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| TRY 119.20 ( 0.168%) | TRY 119.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ULKER.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 123.80 | 3.69 % | |
| R2 | 122.04 | 2.21 % | ||
| R1 | 120.96 | 1.30 % | ||
| Current price: | 119.40 | |||
| Support | S1 | 117.44 | -1.64 % | |
| S2 | 116.36 | -2.55 % | ||
| S3 | 114.60 | -4.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 119.90 | 0.419 % | ||
| Current price | 119.40 | |||
| Support | S1 | 111.30 | -6.78% | |
| S2 | 111.00 | -7.04% | ||
| S3 | 110.30 | -7.62% |
ULKER Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 25, 2021 | May 25, 2021 | May 25, 2021 | TRY 0.81 | 3.81% |
| 2 | Jun 30, 2020 | Jun 30, 2020 | Jun 30, 2020 | TRY 0.395 | 1.63% |
| 3 | Dec 19, 2018 | Dec 19, 2018 | Dec 19, 2018 | TRY 0.257 | 1.69% |
| 4 | Apr 12, 2017 | Apr 12, 2017 | Apr 12, 2017 | TRY 0.187 | 1.05% |
| 5 | Apr 05, 2016 | Apr 05, 2016 | Apr 05, 2016 | TRY 0.275 | 1.36% |
FAQ
Click here for our free guide on how to buy Ülker Bisküvi Sanayi A.S. Stock.
