Türkiye Vakiflar Bankasi Türk Anonim Stock Forecast
Stronger technical forecast for Türkiye Vakiflar Bankasi Türk Anonim stock price after Friday trading.
(Updated on May 03, 2024)
The Türkiye Vakiflar Bankasi Türk Anonim stock price fell by -2.21% on the last day (Friday, 3rd May 2024) from TRY 20.32 to TRY 19.87. During the last trading day the stock fluctuated 6.23% from a day low at TRY 19.58 to a day high of TRY 20.80. The price has risen in 8 of the last 10 days and is up by 26% 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 -13 million shares and in total, 59 million shares were bought and sold for approximately TRY 1.17 billion.
The stock lies in the upper part of a very wide and 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 20.39 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 26.78% during the next 3 months and, with a 90% probability hold a price between TRY 19.38 and TRY 25.86 at the end of this 3-month period.
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VAKBN.IS Signals & Forecast
The Türkiye Vakiflar Bankasi Türk Anonim 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 19.48 and TRY 15.71. 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 Thursday, May 02, 2024, and so far it has fallen -2.21%. 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 Türkiye Vakiflar Bankasi Türk Anonim stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 18.59 and TRY 17.12. 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, Türkiye Vakiflar Bankasi Türk Anonim finds support just below today's level at TRY 18.59. If this is broken, then the next support from accumulated volume will be at TRY 17.12 and TRY 15.99.
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 1.22 between high and low, or 6.23%. For the last week, the stock has had daily average volatility of 5.55%.
Our recommended stop-loss: TRY 18.99 (-4.44%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (VAKBN.IS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Türkiye Vakiflar Bankasi Türk Anonim Ortakligi to open at TRY 20.08, and during the day (based on 14 day Average True Range), to move between TRY 18.97 and TRY 20.77, which gives a possible trading interval of +/-TRY 0.90 (+/-4.54%) up or down from last closing price. If Türkiye Vakiflar Bankasi Türk Anonim Ortakligi takes out the full calculated possible swing range there will be an estimated 9.08% 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 20.32 (2.26%) than the support at TRY 18.59 (6.44%), 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
Türkiye Vakiflar Bankasi Türk Anonim Ortakligi will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.600. We will update the financials statements for Türkiye Vakiflar Bankasi Türk Anonim Ortakligi, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.99% in the first trading day after earnings release.
Is Türkiye Vakiflar Bankasi Türk Anonim Ortakligi 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 Türkiye Vakiflar Bankasi Türk Anonim stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.824 Buy Candidate Upgraded
Predicted Opening Price for Türkiye Vakiflar Bankasi Türk Anonim Ortakligi of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| TRY 20.08 ( 1.07%) | TRY 19.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VAKBN.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.30 | 7.21 % | |
| R2 | 20.84 | 4.87 % | ||
| R1 | 20.55 | 3.42 % | ||
| Current price: | 19.87 | |||
| Support | S1 | 19.62 | -1.27 % | |
| S2 | 19.33 | -2.72 % | ||
| S3 | 18.86 | -5.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 20.32 | 2.26 % | ||
| Current price | 19.87 | |||
| Support | S1 | 18.59 | -6.44% | |
| S2 | 17.12 | -13.84% | ||
| S3 | 15.99 | -19.53% |
VAKBN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 16, 2018 | Aug 16, 2018 | Aug 16, 2018 | TRY 0.0500 | 1.49% |
| 2 | Apr 30, 2018 | Apr 30, 2018 | Apr 30, 2018 | TRY 0.0500 | 0.84% |
| 3 | Jun 13, 2017 | Jun 13, 2017 | Jun 13, 2017 | TRY 0.0480 | 0.734% |
| 4 | May 31, 2017 | May 31, 2017 | May 31, 2017 | TRY 0.0480 | 0.749% |
| 5 | May 31, 2016 | May 31, 2016 | May 31, 2016 | TRY 0.0400 | 0.90% |
FAQ
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