Yapi ve Kredi Bankasi A.S. Stock Forecast
Yapi ve Kredi Bankasi A.S. stock upgraded to Buy Candidate.
(Updated on Apr 26, 2024)
The Yapi ve Kredi Bankasi A.S. stock price gained 4.34% on the last trading day (Friday, 26th Apr 2024), rising from TRY 29.94 to TRY 31.24. During the last trading day the stock fluctuated 4.52% from a day low at TRY 30.06 to a day high of TRY 31.42. The price has risen in 7 of the last 10 days and is up by 1.63% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 29 million more shares were traded than the day before. In total, 134 million shares were bought and sold for approximately TRY 4.19 billion.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 42.43% during the next 3 months and, with a 90% probability hold a price between TRY 37.17 and TRY 46.56 at the end of this 3-month period.
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YKBNK.IS Signals & Forecast
The Yapi ve Kredi Bankasi A.S. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at TRY 30.95 and TRY 26.91. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -2.50%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Yapi ve Kredi Bankasi A.S. stock
Yapi ve Kredi Bankasi A.S. finds support from accumulated volume at TRY 30.58 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 1.36 between high and low, or 4.52%. For the last week, the stock has had daily average volatility of 4.81%.
Our recommended stop-loss: TRY 29.79 (-4.64%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (YKBNK.IS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Yapi ve Kredi Bankasi A.S. to open at TRY 30.91, and during the day (based on 14 day Average True Range), to move between TRY 29.82 and TRY 32.66, which gives a possible trading interval of +/-TRY 1.42 (+/-4.53%) up or down from last closing price. If Yapi ve Kredi Bankasi A.S. takes out the full calculated possible swing range there will be an estimated 9.06% 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 31.56 (1.02%) than the support at TRY 30.58 (2.11%), 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 Yapi ve Kredi Bankasi 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 Yapi ve Kredi Bankasi A.S. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.109 Buy Candidate Upgraded
Predicted Opening Price for Yapi ve Kredi Bankasi A.S. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| TRY 30.91 ( 1.07%) | TRY 31.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YKBNK.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.27 | 3.29 % | |
| R2 | 31.75 | 1.62 % | ||
| R1 | 31.43 | 0.596 % | ||
| Current price: | 31.24 | |||
| Support | S1 | 30.39 | -2.73 % | |
| S2 | 30.07 | -3.76 % | ||
| S3 | 29.55 | -5.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.04 | 2.56 % | |
| R2 | 31.60 | 1.15 % | ||
| R1 | 31.56 | 1.02 % | ||
| Current price | 31.24 | |||
| Support | S1 | 30.58 | -2.11% | |
| S2 | 26.64 | -14.72% | ||
| S3 | 25.98 | -16.84% |
YKBNK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 03, 2024 | Apr 03, 2024 | Apr 05, 2024 | TRY 1.21 | 4.00% |
| 2 | Mar 20, 2023 | Mar 20, 2023 | Mar 20, 2023 | TRY 0.94 | 9.11% |
| 3 | Apr 13, 2022 | Apr 13, 2022 | Apr 13, 2022 | TRY 0.118 | 2.35% |
| 4 | Apr 01, 2021 | Apr 01, 2021 | Apr 01, 2021 | TRY 0.0592 | 2.63% |
| 5 | Mar 30, 2015 | Mar 30, 2015 | Mar 30, 2015 | TRY 0.0593 | 2.24% |
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