You’re asking about “CATES” stock, which I’ll assume refers to Çates Elektrik Üretim A.Ş. (CATES.IS), a company listed on the Borsa Istanbul, given your prior questions about Turkish stocks (e.g., ALBRK, ALKIM, ARZUM, ATLAS, AVGYO, AVOD, BERA, BIOEN, BIZIM, BUCIM). If you meant a different CATES, please clarify!
Today is Thursday, April 10, 2025, 10:16 AM +03. The Borsa Istanbul is closed today due to Mahavir Jayanti 2025, a public holiday in Turkey, with trading suspended across all segments (equities, derivatives, etc.). The latest price reflects Wednesday, April 9’s close, and the market reopens tomorrow, Friday, April 11, at 10:00 AM +03. I don’t have real-time data for April 9, but I can provide an overview based on trends and information up to early April 2025.
About CATES.IS
Çates Elektrik Üretim A.Ş., based in Istanbul, is a thermal power generation company operating two coal-fired plants in Zonguldak with a total capacity of 630 MW (2×315 MW). It’s a subsidiary of Çatalağzı Termik Santrali, focusing on electricity production via lignite coal, with additional activities in coal trading and mining.
Recent Trend (Up to April 9, 2025)
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Price Snapshot: As of early April 2025 (e.g., April 1), CATES.IS was trading around 25–26 TRY, per TradingView and X posts. By late March, X sentiment suggested a consolidation phase after hitting 26.86 TRY (March 31, Investing.com), with a potential target of 28–30 TRY if it broke resistance. The April 9 close could be in this range (25–28 TRY) unless significant news shifted it, which I can’t confirm without live data.
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Short-Term Trend:
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X posts from late 2024/early 2025 noted a “çanak” (cup) formation and overbought RSI, hinting at a possible pullback from highs (e.g., 32.90 TRY, December 2024 peak). However, early April technicals (TradingView) showed a 2.63% weekly gain and a “Hold” rating.
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It’s above its 200-day moving average (bullish), but momentum may have slowed.
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Year-to-Date: Down from its 2024 high of 32.90 TRY (December 31), with a 2025 low near 22 TRY (X posts). It’s still up significantly from its 2022 low of 3.37 TRY, reflecting strong multi-year growth.
Current Context (April 10, 2025)
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Market Status: Closed today for Mahavir Jayanti. Wednesday’s close is the latest data point, and Friday’s open will reflect any overnight sentiment shifts.
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Fundamentals:
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Market Cap: ~7.09B TRY (Investing.com, late March at 26.86 TRY; adjusted to ~6.5–7B TRY at 25–26 TRY).
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Q3 2024 Profit: 351.54M TRY (TradingView), though earlier losses (e.g., -2.27B TRY in Q1 2024) highlight volatility. Next earnings: May 7, 2025.
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P/E: High at 116x (X posts), suggesting overvaluation concerns.
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Sentiment: X posts are cautious—some see a correction risk due to RSI and high P/E, others note its coal/energy resilience amid Turkey’s power demand.
Outlook
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Tomorrow (April 11): If it closed near 26 TRY on April 9, it might test 28 TRY on Friday with volume support, or dip to 24–25 TRY if selling pressure emerges.
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Short-Term: Coal price trends and energy policy could drive it; resistance at 30 TRY, support at 24 TRY.
Next Steps
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Live Price: Check Borsa Istanbul, TradingView, or Investing.com tomorrow at 10:00 AM +03 for the April 9 close and Friday’s action.
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More Info: Want me to search for April 7–9 updates on X or the web for news or sentiment? I can refine this further.
What do you want to explore about CATES?