Vakif Finansal Kiralama A.S. Stock Forecast
Big movements in Vakif Finansal Kiralama A.S. stock price on Friday moving 10.51% between high and low
(Updated on Apr 26, 2024)
The Vakif Finansal Kiralama A.S. stock price fell by -5.90% on the last day (Friday, 26th Apr 2024) from TRY 3.22 to TRY 3.03. During the last trading day the stock fluctuated 10.51% from a day low at TRY 2.95 to a day high of TRY 3.26. The price has risen in 5 of the last 10 days. Volume has increased on the last day by 31 million 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, 59 million shares were bought and sold for approximately TRY 178.88 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -49.43% during the next 3 months and, with a 90% probability hold a price between TRY 0.86 and TRY 1.90 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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VAKFN.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 01, 2024, and so far it has risen 16.09%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Vakif Finansal Kiralama A.S. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at TRY 3.12 and TRY 3.84. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Vakif Finansal Kiralama A.S. stock
Vakif Finansal Kiralama A.S. finds support from accumulated volume at TRY 3.02 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved TRY 0.310 between high and low, or 10.51%. For the last week, the stock has had daily average volatility of 6.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VAKFN.IS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Vakif Finansal Kiralama A.S. to open at TRY 3.08, and during the day (based on 14 day Average True Range), to move between TRY 2.81 and TRY 3.25, which gives a possible trading interval of +/-TRY 0.219 (+/-7.24%) up or down from last closing price. If Vakif Finansal Kiralama A.S. takes out the full calculated possible swing range there will be an estimated 14.47% 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 3.02 (0.33%) than the resistance at TRY 3.22 (6.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Vakif Finansal Kiralama A.S. stock A Buy?
Vakif Finansal Kiralama A.S. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.412 Sell Candidate Unchanged
Predicted Opening Price for Vakif Finansal Kiralama A.S. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| TRY 3.08 ( 1.65%) | TRY 3.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VAKFN.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.39 | 11.88 % | |
| R2 | 3.27 | 7.97 % | ||
| R1 | 3.20 | 5.56 % | ||
| Current price: | 3.03 | |||
| Support | S1 | 2.96 | -2.26 % | |
| S2 | 2.89 | -4.67 % | ||
| S3 | 2.77 | -8.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.26 | 7.59 % | |
| R2 | 3.25 | 7.26 % | ||
| R1 | 3.22 | 6.27 % | ||
| Current price | 3.03 | |||
| Support | S1 | 3.02 | -0.330% | |
| S2 | 2.93 | -3.30% | ||
| S3 | 2.79 | -7.92% |
FAQ
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