AgeSA Hayat ve Emeklilik Anonim Sirketi Stock Forecast

Red day on Friday for AgeSA Hayat ve Emeklilik Anonim Sirketi
(Updated on May 10, 2024)

AGESA.IS Signals & Forecast

The AgeSA Hayat ve Emeklilik Anonim Sirketi stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 87.74. On a fall, the stock will find some support from the long-term average at approximately TRY 78.47. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -2.89%. Further fall is indicated until a new bottom pivot has been found. 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 AgeSA Hayat ve Emeklilik Anonim Sirketi stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 74.70 and TRY 74.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, AgeSA Hayat ve Emeklilik Anonim Sirketi finds support just below today's level at TRY 74.70. If this is broken, then the next support from accumulated volume will be at TRY 74.00 and TRY 69.80.

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 2.50 between high and low, or 2.88%. For the last week, the stock has had daily average volatility of 4.74%.

Our recommended stop-loss: TRY 83.34 (-4.49%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (AGESA.IS) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect AgeSA Hayat ve Emeklilik Anonim Sirketi to open at TRY 87.88, and during the day (based on 14 day Average True Range), to move between TRY 83.48 and TRY 91.02, which gives a possible trading interval of +/-TRY 3.77 (+/-4.32%) up or down from last closing price. If AgeSA Hayat ve Emeklilik Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 8.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at TRY 87.40 (0.17%) than the support at TRY 74.70 (14.38%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is AgeSA Hayat ve Emeklilik Anonim Sirketi stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for AgeSA Hayat ve Emeklilik Anonim Sirketi stock to perform well in the short-term.

Current score: 1.712 Buy Candidate Unchanged

Predicted Opening Price for AgeSA Hayat ve Emeklilik Anonim Sirketi of Monday, May 13, 2024

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