Atlantis Yatirim Holding A.S. Stock Forecast
Atlantis Yatirim Holding A.S. stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 21, 2024)
The Atlantis Yatirim Holding A.S. stock price gained 2.99% on the last trading day (Friday, 21st Jun 2024), rising from TRY 44.22 to TRY 45.54. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.69% from a day low at TRY 43.50 to a day high of TRY 45.54. The price has been going up and down for this period, and there has been a -6.1% loss for the last 2 weeks. Volume fell on the last day by -39 thousand shares and in total, 31 thousand shares were bought and sold for approximately TRY 1.41 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at TRY 42.17 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Atlantis Yatirim Holding A.S. stock with a 90% probability to be traded between TRY 41.90 and TRY 60.71 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ATSYH.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 7.91%. Further rise is indicated until a new top pivot has been found. 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 Atlantis Yatirim Holding A.S. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at TRY 50.99. On a fall, the stock will find some support from the short-term average at TRY 43.72. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Atlantis Yatirim Holding A.S. stock
Atlantis Yatirim Holding A.S. finds support from accumulated volume at TRY 45.00 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved TRY 2.04 between high and low, or 4.69%. For the last week the stock has had daily average volatility of 3.59%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ATSYH.IS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Atlantis Yatirim Holding A.S. to open at TRY 44.86, and during the day (based on 14 day Average True Range), to move between TRY 43.64 and TRY 47.44, which gives a possible trading interval of +/-TRY 1.90 (+/-4.16%) up or down from last closing price. If Atlantis Yatirim Holding A.S. takes out the full calculated possible swing range there will be an estimated 8.33% 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 45.00 (1.19%) than the resistance at TRY 47.96 (5.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Atlantis Yatirim Holding A.S. stock A Buy?
Atlantis Yatirim Holding A.S. holds several negative signals and we believe that 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: -3.765 Sell Candidate Downgraded
Predicted Opening Price for Atlantis Yatirim Holding A.S. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| TRY 44.86 ( 1.49%) | TRY 45.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATSYH.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 46.90 | 2.99% |
| R2 | 46.12 | 1.28% |
| R1 | 45.64 | 0.218% |
| Price | 45.54 | |
| S1 | 44.08 | -3.20% |
| S2 | 43.60 | -4.26% |
| S3 | 42.82 | -5.97% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 56.00 | 22.97% |
| R2 | 52.25 | 14.73% |
| R1 | 47.96 | 5.31% |
| Price | 45.54 | |
| S1 | 45.00 | -1.19% |
| S2 | 44.60 | -2.06% |
| S3 | 44.22 | -2.90% |
FAQ
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