AG Anadolu Grubu Holding A.S. Stock Forecast
AG Anadolu Grubu Holding A.S. stock upgraded from Buy Candidate to Strong Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The AG Anadolu Grubu Holding A.S. stock price gained 4.47% on the last trading day (Tuesday, 2nd Jul 2024), rising from TRY 363.50 to TRY 379.75. During the last trading day the stock fluctuated 4.11% from a day low at TRY 365.00 to a day high of TRY 380.00. The price has risen in 6 of the last 10 days and is up by 9.44% over the past 2 weeks. Volume fell on the last day by -327 thousand shares and in total, 1 million shares were bought and sold for approximately TRY 437.81 million. 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.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 19.51% during the next 3 months and, with a 90% probability hold a price between TRY 419.59 and TRY 488.41 at the end of this 3-month period.
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AGHOL.IS Signals & Forecast
Mostly positive signals in the chart today. 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 357.89 and TRY 350.21. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 16.04%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
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 338.50 and TRY 334.25. 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 338.50. If this is broken, then the next support from accumulated volume will be at TRY 334.25 and TRY 304.00.
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 15.00 between high and low, or 4.11%. For the last week, the stock has had daily average volatility of 3.58%.
Our recommended stop-loss: TRY 367.75 (-3.16%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (AGHOL.IS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect AG Anadolu Grubu Holding A.S. to open at TRY 374.92, and during the day (based on 14 day Average True Range), to move between TRY 365.22 and TRY 394.28, which gives a possible trading interval of +/-TRY 14.53 (+/-3.83%) 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 7.65% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ TRY 338.50, some TRY 41.25 (10.86%) from the current price of TRY 379.75, our system finds the risk reward attractive.
Is AG Anadolu Grubu Holding A.S. stock A Buy?
AG Anadolu Grubu Holding A.S. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 8.470 Strong Buy Candidate Upgraded
Predicted Opening Price for AG Anadolu Grubu Holding A.S. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| TRY 374.92 ( 1.27%) | TRY 379.75 |
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 | |
|---|---|---|
| R3 | 389.92 | 2.68% |
| R2 | 384.19 | 1.17% |
| R1 | 380.65 | 0.236% |
| Price | 379.75 | |
| S1 | 369.19 | -2.78% |
| S2 | 365.65 | -3.71% |
| S3 | 359.92 | -5.22% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 379.75 | |
| S1 | 338.50 | -10.86% |
| S2 | 334.25 | -11.98% |
| S3 | 304.00 | -19.95% |
AGHOL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2024 | May 29, 2024 | May 31, 2024 | TRY 2.87 | 0.86% |
| 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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