Turkcell Iletisim Hizmetleri AS Stock Forecast

Turkcell Iletisim Hizmetleri AS stock downgraded to Hold/Accumulate
(Updated on Apr 19, 2024)

TKC Signals & Forecast

The Turkcell Iletisim Hizmetleri AS 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 $5.60 and $5.27. A breakdown below any of these levels will issue sell signals. 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 Tuesday, April 09, 2024, and so far it has fallen -1.20%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The stock had a Golden Star Signal on Tuesday, January 02, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Turkcell Iletisim Hizmetleri AS stock

Turkcell Iletisim Hizmetleri AS finds support from accumulated volume at $5.62 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.155 between high and low, or 2.74%. For the last week the stock has had daily average volatility of 2.36%.

Our recommended stop-loss: $5.55 (-3.31%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (TKC) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Turkcell Iletisim Hizmetleri AS to open at $5.73, and during the day (based on 14 day Average True Range), to move between $5.59 and $5.89, which gives a possible trading interval of +/-$0.155 (+/-2.70%) up or down from last closing price. If Turkcell Iletisim Hizmetleri AS takes out the full calculated possible swing range there will be an estimated 5.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $5.75 (0.17%) than the support at $5.62 (2.09%), 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 Turkcell Iletisim Hizmetleri AS stock A Buy?

Turkcell Iletisim Hizmetleri AS holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.567 Hold/Accumulate Downgraded

Predicted Opening Price for Turkcell Iletisim Hizmetleri AS of Monday, April 22, 2024

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