Asce Gayrimenkul Yatirim Ortakligi A.S. Stock Forecast

Asce Gayrimenkul Yatirim Ortakligi A.S. stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on May 24, 2024)

ASGYO.IS Signals & Forecast

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. The Asce Gayrimenkul Yatirim Ortakligi A.S. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at TRY 14.71 and TRY 14.48. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -8.83%. 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 Asce Gayrimenkul Yatirim Ortakligi A.S. stock

Asce Gayrimenkul Yatirim Ortakligi A.S. finds support from accumulated volume at TRY 14.42 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 0.290 between high and low, or 2.03%. For the last week, the stock has had daily average volatility of 3.27%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ASGYO.IS) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect Asce Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 14.46, and during the day (based on 14 day Average True Range), to move between TRY 13.88 and TRY 15.02, which gives a possible trading interval of +/-TRY 0.566 (+/-3.91%) up or down from last closing price. If Asce Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 7.83% 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 14.42 (0.21%) than the resistance at TRY 14.51 (0.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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

Asce Gayrimenkul Yatirim Ortakligi A.S. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.247 Sell Candidate Downgraded

Predicted Opening Price for Asce Gayrimenkul Yatirim Ortakligi A.S. of Monday, May 27, 2024

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