IST: ALTNY Technical Analysis – Buy or Sell Altınay Defense Shares?

Altınay Savunma Teknolojileri A.Ş. (IST: ALTNY) is one of Turkey’s fastest-growing defense contractors, providing unmanned systems, motion control platforms, weapon destruction tools, and robot technologies to both government and private sectors. As of July 24, 2025, the stock closed at 96.10 TRY, down 1.64% for the day.

Following a rapid price ascent earlier this year, investors are closely monitoring whether ALTNY remains a buy or has entered a consolidation phase. This article breaks down the technical and fundamental data to provide a clearer view of the current risk-reward profile.

Read Also: DERHL Stock Forecast 2025: Is It a Good Investment?

Key Takeaways

• ALTNY dropped 1.64% on July 24, closing at 96.10 TRY with a day range between 95.60 and 98.95 TRY
• RSI stands at 64.51, approaching overbought levels but not yet signaling reversal
• The stock has returned over 30% year-to-date, with strong institutional interest
• Altınay’s price-to-earnings ratio is 31.21, backed by EPS of 3.08 TRY
• Upcoming earnings on August 11, 2025, will be a critical catalyst

Current Price Action and Trading Volume

Altınay opened the day at 98.80 TRY, near its intraday high of 98.95 TRY, before trending downward into the afternoon and closing at 96.10 TRY. The volume was 9.08 million, slightly below the average of 9.50 million, which suggests the decline was not driven by aggressive sell pressure.

This pattern indicates mild profit-taking or short-term technical rejection near 99 TRY. The price has respected the lower support range near 95.60 TRY, showing resilience within the recent consolidation band.

RSI and Momentum Outlook

The Relative Strength Index (RSI) is currently at 64.51. This places the stock close to the overbought threshold of 70 but not yet in reversal territory. It reflects ongoing bullish momentum, though it may signal that buyers are becoming more cautious near resistance.

If RSI crosses 70 without a breakout in price, traders may expect short-term correction or sideway movement. Conversely, sustained RSI between 60 and 70 typically supports continuation in uptrend cycles.

Valuation and Fundamental Overview

ALTNY is trading at a P/E ratio of 31.21, supported by trailing twelve-month earnings per share (EPS) of 3.08 TRY. The company has a market cap of 22.61 billion TRY and is operating in a high-growth defense sector.

The company’s last twelve-month revenue stands at 1.96 billion TRY, with net income of 711.63 million TRY. In 2024, Altınay recorded 3.28% year-over-year revenue growth but saw a 15.99% decline in earnings, which may have impacted short-term valuation sentiment.

Altınay has no dividend payout history and no declared forward dividend plan, suggesting reinvestment is being prioritized over shareholder distribution.

Read Also: How to Invest in the Stock Market: A Simple Beginner's Guide

Support, Resistance, and Price Levels to Watch

The 52-week high for ALTNY is 132.70 TRY, while the low stands at 66.55 TRY. As of now, the stock is trading near mid-range levels, closer to recent support.

Key levels:

• Support zone: 94.80 – 95.60 TRY
• Near-term resistance: 99.00 – 100.50 TRY
• Critical breakout level: 104.00 TRY
• If the price drops below 94.50 TRY with high volume, trend reversal becomes more likely

Technical setup indicates the stock is in a mild consolidation phase. Sustained closes above 99 TRY could re-ignite bullish trend continuation toward the 105 TRY region.

Upcoming Catalyst: Earnings Date

Altınay is scheduled to release earnings on August 11, 2025. Investors and analysts will look for improvement in net income and margin expansion after last year’s profit dip. Positive guidance or defense-related contract announcements may drive further institutional accumulation.

Until earnings are reported, traders may remain cautious near upper resistance bands, while longer-term investors may see current prices as accumulation-friendly.

Final Thoughts

Altınay Savunma (IST: ALTNY) continues to attract attention within the Turkish aerospace and defense sector. Despite a 1.64% drop on July 24, the stock remains in a broader uptrend and is trading well above its yearly low. With earnings on the horizon and momentum still intact, ALTNY is positioned at a technical crossroads.

For traders, a break above 99 TRY with increased volume could offer a clean bullish entry. For long-term investors, the stock's role in Turkey’s defense tech expansion may justify continued holding or strategic buying on dips.

Read Also: Why Is Krispy Kreme Stock Surging?

FAQs

What does Altınay Savunma Teknolojileri do?

Altınay Defense develops motion control systems, robotic platforms, unmanned vehicles, and weapon destruction technologies for domestic and international defense markets.

What is the current P/E ratio of ALTNY?

As of July 24, 2025, the P/E ratio is 31.21, with earnings per share of 3.08 TRY.

Is ALTNY stock overbought?

The RSI is at 64.51, which is near overbought levels but does not confirm a reversal on its own.

What is the next major event for ALTNY?

The company is expected to report earnings on August 11, 2025. Market sentiment may shift depending on profitability and guidance.

Is ALTNY a good stock to buy now?

It may be considered by investors looking for exposure to the Turkish defense sector. Traders should monitor resistance levels around 99 TRY and await earnings clarity.