Aksigorta A.S. Stock Forecast
Aksigorta A.S. stock price up 1.36% on Friday
(Updated on May 03, 2024)
The Aksigorta A.S. stock price gained 1.36% on the last trading day (Friday, 3rd May 2024), rising from TRY 7.33 to TRY 7.43. During the last trading day the stock fluctuated 2.32% from a day low at TRY 7.32 to a day high of TRY 7.49. The price has risen in 7 of the last 10 days and is up by 8.15% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 13 million more shares were traded than the day before. In total, 34 million shares were bought and sold for approximately TRY 252.90 million.
The stock lies in the upper part of a wide and weak 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 7.51 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 8.98% during the next 3 months and, with a 90% probability hold a price between TRY 6.65 and TRY 8.19 at the end of this 3-month period.
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AKGRT.IS Signals & Forecast
The Aksigorta 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 7.33 and TRY 6.59. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -0.268%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Monday, April 01, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, April 01, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Aksigorta A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 6.84 and TRY 6.78. 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, Aksigorta A.S. finds support just below today's level at TRY 6.84. If this is broken, then the next support from accumulated volume will be at TRY 6.78 and TRY 6.50.
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 0.170 between high and low, or 2.32%. For the last week, the stock has had daily average volatility of 2.45%.
Our recommended stop-loss: TRY 7.14 (-3.90%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (AKGRT.IS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Aksigorta A.S. to open at TRY 7.41, and during the day (based on 14 day Average True Range), to move between TRY 7.16 and TRY 7.70, which gives a possible trading interval of +/-TRY 0.266 (+/-3.57%) up or down from last closing price. If Aksigorta A.S. takes out the full calculated possible swing range there will be an estimated 7.15% 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 7.45 (0.27%) than the support at TRY 6.84 (7.94%), 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
Aksigorta A.S. will release earnings BMO on Wednesday, May 08, 2024. We will update the financials statements for Aksigorta A.S., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.83% in the first trading day after earnings release.
Is Aksigorta 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 Aksigorta A.S. stock to perform well in the short-term.
Current score: 3.132 Buy Candidate Unchanged
Predicted Opening Price for Aksigorta A.S. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| TRY 7.41 ( 0.224%) | TRY 7.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AKGRT.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.58 | 2.06 % | |
| R2 | 7.52 | 1.19 % | ||
| R1 | 7.48 | 0.650 % | ||
| Current price: | 7.43 | |||
| Support | S1 | 7.35 | -1.10 % | |
| S2 | 7.31 | -1.64 % | ||
| S3 | 7.24 | -2.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 7.45 | 0.269 % | ||
| Current price | 7.43 | |||
| Support | S1 | 6.84 | -7.94% | |
| S2 | 6.78 | -8.75% | ||
| S3 | 6.50 | -12.52% |
AKGRT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 06, 2021 | Sep 06, 2021 | Sep 06, 2021 | TRY 0.0867 | 2.36% |
| 2 | Mar 18, 2021 | Mar 18, 2021 | Mar 18, 2021 | TRY 0.168 | 3.63% |
| 3 | Mar 13, 2020 | Mar 13, 2020 | Mar 13, 2020 | TRY 0.168 | 6.52% |
| 4 | Mar 05, 2019 | Mar 05, 2019 | Mar 05, 2019 | TRY 0.660 | 27.97% |
| 5 | Mar 16, 2018 | Mar 16, 2018 | Mar 16, 2018 | TRY 0.0917 | 4.65% |
FAQ
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