Ahlatci Dogal Gaz Dagitim Enerji ve Stock Forecast

Green day on Friday for Ahlatci Dogal Gaz Dagitim Enerji ve stock after gaining 2.84%
(Updated on Jun 14, 2024)

AHGAZ.IS Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 5.86%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ahlatci Dogal Gaz Dagitim Enerji ve stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at TRY 14.29. On a fall, the stock will find some support from the short-term average at TRY 13.59. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Ahlatci Dogal Gaz Dagitim Enerji ve stock

Ahlatci Dogal Gaz Dagitim Enerji ve finds support from accumulated volume at TRY 14.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved TRY 0.580 between high and low, or 4.26%. For the last week, the stock has had daily average volatility of 2.61%.

Ahlatci Dogal Gaz Dagitim Enerji ve is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: TRY 13.25 (-5.99%) (This stock has high daily movements and this gives high risk. Low RSI14 is 21 which reduces the risk some. There is a buy signal from a pivot bottom found 15 days ago.)

Trading Expectations (AHGAZ.IS) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S. to open at TRY 13.97, and during the day (based on 14 day Average True Range), to move between TRY 13.60 and TRY 14.60, which gives a possible trading interval of +/-TRY 0.501 (+/-3.56%) up or down from last closing price. If Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S. takes out the full calculated possible swing range there will be an estimated 7.11% 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 14.01 (0.64%) than the resistance at TRY 15.04 (6.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S. stock A Buy?

Ahlatci Dogal Gaz Dagitim Enerji ve 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.

Current score: 0.385 Hold/Accumulate Unchanged

Predicted Opening Price for Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S. of Thursday, June 20, 2024

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