Vakif Finansal Kiralama A.S. Stock Forecast
Vakif Finansal Kiralama A.S. stock price up 0.312% on Friday
(Updated on May 10, 2024)
The Vakif Finansal Kiralama A.S. stock price gained 0.312% on the last trading day (Friday, 10th May 2024), rising from TRY 3.21 to TRY 3.22. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.11% from a day low at TRY 3.16 to a day high of TRY 3.29. The price has risen in 6 of the last 10 days. Volume fell on the last day by -15 million shares and in total, 35 million shares were bought and sold for approximately TRY 111.85 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.
Given the current short-term trend, the stock is expected to fall -53.06% during the next 3 months and, with a 90% probability hold a price between TRY 0.530 and TRY 1.51 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 23.37%. 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. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at TRY 3.29. On a fall, the stock will find some support from the short-term average at TRY 3.15. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Vakif Finansal Kiralama A.S. stock
Vakif Finansal Kiralama A.S. finds support from accumulated volume at TRY 3.12 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 0.130 between high and low, or 4.11%. For the last week, the stock has had daily average volatility of 3.54%.
Our recommended stop-loss: TRY 3.11 (-3.37%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (VAKFN.IS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Vakif Finansal Kiralama A.S. to open at TRY 3.22, and during the day (based on 14 day Average True Range), to move between TRY 3.06 and TRY 3.38, which gives a possible trading interval of +/-TRY 0.163 (+/-5.07%) 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 10.13% 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 3.25 (0.93%) than the support at TRY 3.12 (3.11%), 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 Vakif Finansal Kiralama A.S. stock A Buy?
Vakif Finansal Kiralama A.S. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.501 Hold/Accumulate Unchanged
Predicted Opening Price for Vakif Finansal Kiralama A.S. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| TRY 3.22 ( 0.104%) | TRY 3.22 |
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 | 3.35 | 4.14 % | |
| R2 | 3.30 | 2.60 % | ||
| R1 | 3.27 | 1.65 % | ||
| Current price: | 3.22 | |||
| Support | S1 | 3.17 | -1.44 % | |
| S2 | 3.14 | -2.39 % | ||
| S3 | 3.09 | -3.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 3.26 | 1.24 % | ||
| R1 | 3.25 | 0.93 % | ||
| Current price | 3.22 | |||
| Support | S1 | 3.12 | -3.11% | |
| S2 | 3.03 | -5.90% | ||
| S3 | 3.02 | -6.21% |
FAQ
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