RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of VAKKO.IS
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Weaker technical forecast for Vakko Tekstil ve Hazir Giyim Sanayi as stock downgraded to Sell Candidate.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Vakko Tekstil ve Hazir Giyim Sanayi stock price gained 1.25% on the last trading day (Thursday, 28th Mar 2024), rising from TRY 75.85 to TRY 76.80. During the last trading day the stock fluctuated 2.18% from a day low at TRY 75.85 to a day high of TRY 77.50. The price has been going up and down for this period, and there has been a -6.91% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 44 thousand more shares were traded than the day before. In total, 245 thousand shares were bought and sold for approximately TRY 18.78 million.

The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 75.89 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.85% during the next 3 months and, with a 90% probability hold a price between TRY 78.05 and TRY 96.16 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.

VAKKO.IS Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, March 27, 2024, and so far it has risen 1.25%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Vakko Tekstil ve Hazir Giyim Sanayi 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 78.45 and TRY 84.79. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Vakko Tekstil ve Hazir Giyim Sanayi stock

Vakko Tekstil ve Hazir Giyim Sanayi finds support from accumulated volume at TRY 76.35 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 1.65 between high and low, or 2.18%. For the last week, the stock has had daily average volatility of 3.24%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (VAKKO.IS) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri A.S. to open at TRY 76.72, and during the day (based on 14 day Average True Range), to move between TRY 73.69 and TRY 79.91, which gives a possible trading interval of +/-TRY 3.11 (+/-4.05%) up or down from last closing price. If Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri A.S. takes out the full calculated possible swing range there will be an estimated 8.11% 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 76.35 (0.59%) than the resistance at TRY 90.50 (17.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri A.S. stock A Buy?

The Vakko Tekstil ve Hazir Giyim Sanayi stock holds several negative signals and despite the positive trend, we believe Vakko Tekstil ve Hazir Giyim Sanayi will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.903 Sell Candidate Downgraded

Predicted Opening Price for Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri A.S. of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
TRY 76.72 ( 0.109%) TRY 76.80

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for VAKKO.IS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 78.37 2.04 %
R2 77.74 1.22 %
R1 77.35 0.712 %
Current price: 76.80
Support S1 76.09 -0.93 %
S2 75.70 -1.44 %
S3 75.07 -2.26 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 91.95 19.73 %
R2 91.35 18.95 %
R1 90.50 17.84 %
Current price 76.80
Support S1 76.35 -0.586%
S2 75.40 -1.82%
S3 74.65 -2.80%

VAKKO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 18, 2023 Apr 18, 2023 Apr 18, 2023 TRY 2.75 4.55%
2 Apr 26, 2022 Apr 26, 2022 Apr 26, 2022 TRY 1.08 8.10%
3 Apr 28, 2021 Apr 28, 2021 Apr 28, 2021 TRY 0.520 4.08%
4 Apr 13, 2020 Apr 13, 2020 Apr 13, 2020 TRY 0.450 10.42%
5 Apr 16, 2019 Apr 16, 2019 Apr 16, 2019 TRY 0.146 4.97%

FAQ

What is the symbol for Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri A.S. Stock and on which exchange is it traded?
The symbol for Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri A.S. is VAKKO.IS and it is traded on the BIST (Istanbul Stock Exchange).

Should I buy or sell Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri A.S. Stock?
The Vakko Tekstil ve Hazir Giyim Sanayi stock holds several negative signals and despite the positive trend, we believe Vakko Tekstil ve Hazir Giyim Sanayi will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri A.S. Stock?
Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri A.S. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri A.S. Stock.

What's the current price of Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri A.S. Stock?
As of the end of day on the 2024-03-28, the price of an Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri A.S. (VAKKO.IS) share was TRY 76.80.

What is the 52-week high and low for Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri A.S. Stock?
The 52-week high for Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri A.S. Stock is TRY 114.00 and the 52-week low is TRY 41.02.

What is the market capitalization of Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri A.S. Stock?
As of the 2024-03-28, the market capitalization of Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri A.S. is 12.288B.
Click to get the best stock tips daily for free!

About Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri A.S.

Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri A.S. Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri A.S. designs, manufactures, trades in, and retails ready-to-wear clothes for men and women under the Vakko brand in Turkey. It offers shirts and ties, handkerchiefs, shoes and bags, sandals and slippers, look books, monograms, scarves, beachwear, accessories, swimsuits and bikinis, loungewear, fragrances, perfumes, and couture; home products; and cosmetics, as well as wedding designer for women. The... VAKKO.IS Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT