Anadolu Anonim Türk Sigorta Sirketi Stock Forecast

Green day on Thursday for Anadolu Anonim Türk Sigorta Sirketi stock after gaining 1.43%
(Updated on May 09, 2024)

ANSGR.IS Signals & Forecast

The Anadolu Anonim Türk Sigorta Sirketi 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 91.42 and TRY 80.53. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 29, 2024, and so far it has risen 40.06%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Anadolu Anonim Türk Sigorta Sirketi stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 90.50 and TRY 88.50. 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, Anadolu Anonim Türk Sigorta Sirketi finds support just below today's level at TRY 90.50. If this is broken, then the next support from accumulated volume will be at TRY 88.50 and TRY 75.35.

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 2.95 between high and low, or 3.18%. For the last week, the stock has had daily average volatility of 4.52%.

The Anadolu Anonim Türk Sigorta Sirketi stock is extremely overbought on RSI14 (81). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: TRY 92.56 (-3.38%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from a pivot bottom found 24 days ago.)

Trading Expectations (ANSGR.IS) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect Anadolu Anonim Türk Sigorta Sirketi to open at TRY 94.85, and during the day (based on 14 day Average True Range), to move between TRY 92.16 and TRY 99.44, which gives a possible trading interval of +/-TRY 3.64 (+/-3.80%) up or down from last closing price. If Anadolu Anonim Türk Sigorta Sirketi takes out the full calculated possible swing range there will be an estimated 7.61% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ TRY 90.50, some TRY 5.30 (5.53%) from the current price of TRY 95.80, our system finds the risk reward attractive.

Is Anadolu Anonim Türk Sigorta Sirketi stock A Buy?

Anadolu Anonim Türk Sigorta Sirketi 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: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Anadolu Anonim Türk Sigorta Sirketi of Friday, May 10, 2024

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