Aksigorta A.S. Stock Forecast

Evaluation of Aksigorta A.S. stock downgraded after the last trading session.
(Updated on May 21, 2024)

AKGRT.IS Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -0.620%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. 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 7.76 and TRY 7.15. A breakdown below any of these levels will issue sell signals. 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 7.43 and TRY 6.87. 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 7.43. If this is broken, then the next support from accumulated volume will be at TRY 6.87 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 0.360 between high and low, or 4.51%. For the last week, the stock has had daily average volatility of 3.97%.

Our recommended stop-loss: TRY 7.77 (-2.96%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (AKGRT.IS) For The Upcoming Trading Day Of Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect Aksigorta A.S. to open at TRY 8.11, and during the day (based on 14 day Average True Range), to move between TRY 7.70 and TRY 8.32, which gives a possible trading interval of +/-TRY 0.314 (+/-3.92%) up or down from last closing price. If Aksigorta A.S. takes out the full calculated possible swing range there will be an estimated 7.85% 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 8.06 (0.62%) than the support at TRY 7.43 (7.24%), 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.

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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 1.855 Buy Candidate Downgraded

Predicted Opening Price for Aksigorta A.S. of Wednesday, May 22, 2024

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