Atakule Gayrimenkul Yatirim Ortakligi Stock Forecast

Atakule Gayrimenkul Yatirim Ortakligi stock price took a fall of -5.98% on Friday
(Updated on May 10, 2024)

AGYO.IS Signals & Forecast

The Atakule Gayrimenkul Yatirim Ortakligi 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 9.46. On a fall, the stock will find some support from the long-term average at approximately TRY 8.84. 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 Friday, May 03, 2024, and so far it has fallen -8.85%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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

Atakule Gayrimenkul Yatirim Ortakligi finds support from accumulated volume at TRY 8.82 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 0.620 between high and low, or 6.93%. For the last week, the stock has had daily average volatility of 6.10%.

Our recommended stop-loss: TRY 8.52 (-4.90%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)

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

For the upcoming trading day on Monday, 13th we expect Atakule Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 9.16, and during the day (based on 14 day Average True Range), to move between TRY 8.44 and TRY 9.48, which gives a possible trading interval of +/-TRY 0.520 (+/-5.81%) up or down from last closing price. If Atakule Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 11.62% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at TRY 8.82 (1.56%) than the resistance at TRY 10.09 (12.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Atakule Gayrimenkul Yatirim Ortakligi A.S. stock A Buy?

Atakule Gayrimenkul Yatirim Ortakligi 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.099 Hold/Accumulate Downgraded

Predicted Opening Price for Atakule Gayrimenkul Yatirim Ortakligi A.S. of Monday, May 13, 2024

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