Yapi ve Kredi Bankasi A.S. Stock Forecast

Yapi ve Kredi Bankasi A.S. stock price down 2.64% on Friday
(Updated on May 10, 2024)

YKBNK.IS Signals & Forecast

A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -3.90%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Yapi ve Kredi Bankasi A.S. 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 31.31. On a fall, the stock will find some support from the long-term average at approximately TRY 29.30. 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.

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 is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved TRY 1.44 (4.65%) between high and low. For the last week, the stock has had daily average volatility of 3.03%.

Our recommended stop-loss: TRY 29.77 (-4.01%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (YKBNK.IS) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Yapi ve Kredi Bankasi A.S. to open at TRY 31.46, and during the day (based on 14 day Average True Range), to move between TRY 29.82 and TRY 32.22, which gives a possible trading interval of +/-TRY 1.20 (+/-3.88%) 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 7.77% 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 31.22 (0.64%) than the support at TRY 30.58 (1.42%), 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 of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 2.630 Buy Candidate Unchanged

Predicted Opening Price for Yapi ve Kredi Bankasi A.S. of Monday, May 13, 2024

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