Breakout Stocks of Week 17 @ BIST
NASDAQ fell hard last week and was down all -5.52% ending at 15,282.01 points after ending the week prior at 16,175.09 points. The sharp fall could pose a good buying opportunity. Our system has detected some possible breakout stocks for the following week and these should be on your watchlist. These are the stocks that are bouncing up with good increase in volume and are likely to do good in short term. One of these stocks are Dogus Gayrimenkul Yatirim Ortakligi A.S. BIST:DGGYO. This stock has had a buy signal since Apr 19, 2024 when the price was TRY 32.80 , but have so far fallen 0% to TRY 32.80. Some other companies are on our watchlist to, among these are Casa Emtia Petrol Kimyevi ve Turevleri San. Tic. A.S. BIST:CASA Hateks Hatay Tekstil Isletmeleri A.S. BIST:HATEK Euro Yatirim Holding A.S. BIST:EUHOL and ODINE TEKNOLOJI BIST:ODINE which all got a breakout pattern emerging.
| Date | Company | Price | Week 17 |
|---|---|---|---|
| Dogus Gayrimenkul Yatirim Ortakligi A.s. | TRY 32.80 | TRY 35.30 | 7.62% |
| Casa Emtia Petrol Kimyevi Ve Turevleri San. Tic. A... | TRY 95.00 | TRY 94.10 | -0.95% |
| Hateks Hatay Tekstil Isletmeleri A.s. | TRY 14.07 | TRY 14.34 | 1.92% |
| Euro Yatirim Holding A.s. | TRY 3.09 | TRY 3.27 | 5.83% |
| Odine Teknoloji | TRY 79.60 | TRY 91.95 | 15.52% |
The Dogus Gayrimenkul Yatirim Ortakligi A.S. stock price fell by -0.85% on the last day (Friday, 19th Apr 2024) from TRY 33.08 to TRY 32.80. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 4.82% from a day low at TRY 31.54 to a day high of TRY 33.06. The price has fallen in 6 of the last 10 days but is still up by 0.06% over the past 2 weeks. Volume has increased on the last day by 196 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 494 thousand shares were bought and sold for approximately TRY 16.21 million.
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.
About Dogus Gayrimenkul Yatirim Ortakligi A.S.:
Dogus Gayrimenkul Yatirim Ortakligi A.S. (Company) has been incorporated in accordance with capital market law on 25 July 1997. Dogus Gayrimenkul Yatirim Ortakligi A.S.'s (the Company) which is traded on the Borsa Istanbul, main activity is to invest in properties, create, manage, make the necessary changes in the portfolio, minimize the risk of variation in real estate; property related capital market instruments, invest and monitor continuously the real estate based projects and take the necessary measures to protect, also research to increase the value of the portfolio. The headquarter of the Company is registered in Dogus Center Maslak, Maslak Mahallesi Ahi Evran Cad. No: 4/23 Maslak, Sariyer-Istanbul.
Casa Emtia Petrol Kimyevi ve Turevleri San. Tic. A.S.
BIST:CASAThe Casa Emtia Petrol Kimyevi ve Turevleri stock price gained 1.06% on the last trading day (Friday, 19th Apr 2024), rising from TRY 94.00 to TRY 95.00. During the last trading day the stock fluctuated 1.06% from a day low at TRY 94.00 to a day high of TRY 95.00. The price has risen in 6 of the last 10 days and is up by 3.04% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 thousand more shares were traded than the day before. In total, 45 thousand shares were bought and sold for approximately TRY 4.23 million.
Casa Emtia Petrol Kimyevi ve Turevleri 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.
The Hateks Hatay Tekstil Isletmeleri A.S. stock price fell by -1.81% on the last day (Friday, 19th Apr 2024) from TRY 14.33 to TRY 14.07. During the last trading day the stock fluctuated 3.25% from a day low at TRY 13.83 to a day high of TRY 14.28. The price has fallen in 5 of the last 10 days and is down by -0.14% for this period. Volume has increased on the last day by 367 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately TRY 22.81 million.
Hateks Hatay Tekstil Isletmeleri A.S. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
About Hateks Hatay Tekstil Isletmeleri A.S.:
Hateks Hatay Tekstil Isletmeleri A.S. manufactures and exports textile products. The company offers towels, bathrobes, and bathmats, as well as special terry products. It also provides cotton raw, dyed, and melange yarns; cotton gazed mercerized raw and dyed yarns; bamboo raw, dyed, and melange yarns; core spun yarns; and amicor yarns, as well as sewing and embroidery threads. The company sells its products to department stores, retailers, wholesalers, and linen brands in European and North American countries. Hateks Hatay Tekstil Isletmeleri A.S. was founded in 1973 and is headquartered in Hatay, Turkey.
The Euro Yatirim Holding A.S. stock price fell by -4.33% on the last day (Friday, 19th Apr 2024) from TRY 3.23 to TRY 3.09. During the last trading day the stock fluctuated 4.89% from a day low at TRY 3.07 to a day high of TRY 3.22. The price has risen in 6 of the last 10 days but is still down by -3.44% for this period. Volume has increased on the last day by 3 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 11 million shares were bought and sold for approximately TRY 33.17 million.
Euro Yatirim Holding A.S. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
About Euro Yatirim Holding A.S.:
Euro Yatirim Holding A.S. offers financial services in Turkey. It provides various financial services, including derivative instruments, stock and bond-bills trading; repo and reverse repo transactions; overdraft securities trading; public offering; and investment consultancy services. The company also provides portfolio management services to individuals and corporates. Euro Yatirim Holding A.S. was founded in 1996 and is based in Istanbul, Turkey.
The ODINE TEKNOLOJI stock price gained 2.58% on the last trading day (Friday, 19th Apr 2024), rising from TRY 77.60 to TRY 79.60. During the last trading day the stock fluctuated 9.61% from a day low at TRY 75.45 to a day high of TRY 82.70. The price has been going up and down for this period, and there has been a 12.75% gain for the last 2 weeks. Volume fell on the last day by -7 million shares and in total, 13 million shares were bought and sold for approximately TRY 1.07 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
ODINE TEKNOLOJI 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.
Despite these candidates are looking good from a technical perspective they may not perform as expected. You should always be cautious when trading and base your decisions on more than one source of information. This does not constitute an offer or recommendation to buy or sell securities.
