AG Anadolu Grubu Holding A.S. Stock Forecast
AG Anadolu Grubu Holding A.S. stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 03, 2024)
The AG Anadolu Grubu Holding A.S. stock price fell by -0.150% on the last day (Friday, 3rd May 2024) from TRY 332.25 to TRY 331.75. During the last trading day the stock fluctuated 2.05% from a day low at TRY 329.25 to a day high of TRY 336.00. The price has risen in 7 of the last 10 days and is up by 9.13% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -313 thousand shares and in total, 481 thousand shares were bought and sold for approximately TRY 159.51 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at TRY 333.38 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 24.94% during the next 3 months and, with a 90% probability hold a price between TRY 344.78 and TRY 416.51 at the end of this 3-month period.
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AGHOL.IS Signals & Forecast
The AG Anadolu Grubu Holding A.S. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at TRY 320.75 and TRY 284.77. A breakdown below any of these levels will issue sell signals. 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 Thursday, May 02, 2024, and so far it has fallen -0.150%. 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 AG Anadolu Grubu Holding A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 304.00 and TRY 265.00. 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, AG Anadolu Grubu Holding A.S. finds support just below today's level at TRY 304.00. If this is broken, then the next support from accumulated volume will be at TRY 265.00 and TRY 262.50.
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 6.75 between high and low, or 2.05%. For the last week, the stock has had daily average volatility of 2.84%.
Our recommended stop-loss: TRY 319.55 (-3.68%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (AGHOL.IS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect AG Anadolu Grubu Holding A.S. to open at TRY 332.33, and during the day (based on 14 day Average True Range), to move between TRY 320.55 and TRY 342.95, which gives a possible trading interval of +/-TRY 11.20 (+/-3.38%) up or down from last closing price. If AG Anadolu Grubu Holding A.S. takes out the full calculated possible swing range there will be an estimated 6.75% 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 332.25 (0.15%) than the support at TRY 304.00 (8.36%), 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.
Earnings coming up
AG Anadolu Grubu Holding A.S. will release earnings BMO on Monday, May 06, 2024. We will update the financials statements for AG Anadolu Grubu Holding A.S., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.25% in the first trading day after earnings release.
Is AG Anadolu Grubu Holding A.S. 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 AG Anadolu Grubu Holding A.S. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.955 Buy Candidate Upgraded
Predicted Opening Price for AG Anadolu Grubu Holding A.S. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| TRY 332.33 ( 0.176%) | TRY 331.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AGHOL.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 339.08 | 2.21 % | |
| R2 | 336.50 | 1.43 % | ||
| R1 | 334.91 | 0.95 % | ||
| Current price: | 331.75 | |||
| Support | S1 | 329.75 | -0.601 % | |
| S2 | 328.16 | -1.08 % | ||
| S3 | 325.58 | -1.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 332.25 | 0.151 % | ||
| Current price | 331.75 | |||
| Support | S1 | 304.00 | -8.36% | |
| S2 | 265.00 | -20.12% | ||
| S3 | 262.50 | -20.87% |
AGHOL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2024 | May 29, 2024 | May 31, 2024 | TRY 2.87 | 0.87% |
| 2 | May 24, 2023 | May 24, 2023 | May 24, 2023 | TRY 0.82 | 0.89% |
| 3 | Apr 24, 2023 | Apr 24, 2023 | Apr 24, 2023 | TRY 0.616 | 0.659% |
| 4 | May 25, 2022 | May 25, 2022 | May 25, 2022 | TRY 0.246 | 0.697% |
| 5 | May 31, 2021 | May 31, 2021 | May 31, 2021 | TRY 0.164 | 0.727% |
FAQ
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