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