Vakif Menkul Kiymet Yatirim Ortakligi Stock Forecast

Red day on Friday for Vakif Menkul Kiymet Yatirim Ortakligi
(Updated on May 31, 2024)

VKFYO.IS Signals & Forecast

The Vakif Menkul Kiymet Yatirim Ortakligi stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 25.85. On a fall, the stock will find some support from the long-term average at approximately TRY 23.53. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Monday, May 27, 2024, and so far it has fallen -8.78%. 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 Vakif Menkul Kiymet Yatirim Ortakligi stock

Vakif Menkul Kiymet Yatirim Ortakligi finds support from accumulated volume at TRY 24.70 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 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 1.32 between high and low, or 5.39%. For the last week, the stock has had daily average volatility of 6.81%.

Our recommended stop-loss: TRY 23.55 (-4.71%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (VKFYO.IS) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Vakif Menkul Kiymet Yatirim Ortakligi A.S. to open at TRY 25.00, and during the day (based on 14 day Average True Range), to move between TRY 23.17 and TRY 26.27, which gives a possible trading interval of +/-TRY 1.55 (+/-6.26%) up or down from last closing price. If Vakif Menkul Kiymet Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 12.53% 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 24.70 (0.08%) than the resistance at TRY 25.86 (4.61%), 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 Menkul Kiymet Yatirim Ortakligi A.S. 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 Vakif Menkul Kiymet Yatirim Ortakligi stock to perform well in the short-term.

Current score: 1.166 Buy Candidate Unchanged

Predicted Opening Price for Vakif Menkul Kiymet Yatirim Ortakligi A.S. of Monday, June 3, 2024

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