During the week of September 30 to October 4, the BIST100 index closed at 9,109.34 points, marking a decrease of 6.83%. However, since the beginning of 2024, the BIST100 index has experienced a rise of 21.94%. Despite this overall increase, some stocks, particularly those outside the BIST30, are trading close to their lowest levels in the past year.
#Dip Peak Analysis
Peak and trough analysis is a method frequently used by investors in the stock market to evaluate the historical performance of stocks in order to make future predictions. This analysis relies on the highest and lowest prices of stocks during a specific period.
#Stocks Close to Their Lows in 2024
Over the past year, the stock closest to its low point is Forte Bilgi İletişim Teknolojileri ve Savunma Sanayi A.Ş. (FORTE), with a decrease of 0.95%. Following FORTE is Kordsa Teknik Tekstil A.Ş. (KORDS) at 1.13%. Emek Elektrik Endüstrisi A.Ş. (EMKEL), Ünlü Yatırım Holding A.Ş. (UNLU), and Panelsan Çatı Cephe Sistemleri Sanayi ve Ticaret A.Ş. (PNLSN) are also among the stocks close to their lows.
In conclusion, while the BIST100 index has significantly risen since the beginning of 2024, some stocks remain at low levels. Investors should be cautious and conduct thorough analyses, especially when considering stocks outside of the BIST30.
Source
Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
