Adra Gayrimenkul Yatirim Ortakligi Stock Forecast

Adra Gayrimenkul Yatirim Ortakligi stock price took a fall of -5.86% on Monday
(Updated on May 13, 2024)

ADGYO.IS Signals & Forecast

There are few to no technical positive signals at the moment. The Adra Gayrimenkul Yatirim Ortakligi stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at TRY 27.99 and TRY 29.18. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -14.42%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Adra Gayrimenkul Yatirim Ortakligi stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved TRY 1.72 between high and low, or 6.53%. For the last week, the stock has had daily average volatility of 4.04%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ADGYO.IS) For The Upcoming Trading Day Of Tuesday 14th

For the upcoming trading day on Tuesday, 14th we expect Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi to open at TRY 26.93, and during the day (based on 14 day Average True Range), to move between TRY 25.11 and TRY 27.61, which gives a possible trading interval of +/-TRY 1.25 (+/-4.73%) up or down from last closing price. If Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 9.47% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ TRY 27.58, some TRY 1.22 (4.63%) from the current price of TRY 26.36, our system finds the risk reward not very attractive.

Is Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi stock A Buy?

Adra Gayrimenkul Yatirim Ortakligi holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.023 Sell Candidate Unchanged

Predicted Opening Price for Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi of Tuesday, May 14, 2024

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