Atlas Menkul Kiymetler Yatirim Ortakligi Stock Forecast

Evaluation of Atlas Menkul Kiymetler Yatirim Ortakligi stock downgraded after the last trading session.
(Updated on May 10, 2024)

ATLAS.IS Signals & Forecast

The Atlas Menkul Kiymetler Yatirim Ortakligi stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 6.30. On a fall, the stock will find some support from the long-term average at approximately TRY 5.94. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell 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 Thursday, May 09, 2024, and so far it has fallen -3.82%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Atlas Menkul Kiymetler Yatirim Ortakligi stock

Atlas Menkul Kiymetler Yatirim Ortakligi finds support from accumulated volume at TRY 6.25 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 0.360 between high and low, or 5.78%. For the last week, the stock has had daily average volatility of 7.26%.

Our recommended stop-loss: TRY 5.97 (-5.29%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (ATLAS.IS) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Atlas Menkul Kiymetler Yatirim Ortakligi A.S. to open at TRY 6.37, and during the day (based on 14 day Average True Range), to move between TRY 5.94 and TRY 6.66, which gives a possible trading interval of +/-TRY 0.363 (+/-5.77%) up or down from last closing price. If Atlas Menkul Kiymetler Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 11.53% 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 6.25 (0.79%) than the resistance at TRY 6.39 (1.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Atlas Menkul Kiymetler Yatirim Ortakligi 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 Atlas Menkul Kiymetler Yatirim Ortakligi 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: 1.221 Buy Candidate Downgraded

Predicted Opening Price for Atlas Menkul Kiymetler Yatirim Ortakligi A.S. of Monday, May 13, 2024

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