Altin Yunus Çesme Turistik Tesisler Stock Forecast
Altin Yunus Çesme Turistik Tesisler stock price up 1.99% on Friday
(Updated on Jun 21, 2024)
The Altin Yunus Çesme Turistik Tesisler stock price gained 1.99% on the last trading day (Friday, 21st Jun 2024), rising from TRY 702.50 to TRY 716.50. It has now gained 3 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 6.54% from a day low at TRY 710.50 to a day high of TRY 757.00. The price has fallen in 6 of the last 10 days and is down by -10.33% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 27 thousand more shares were traded than the day before. In total, 223 thousand shares were bought and sold for approximately TRY 159.99 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.50% during the next 3 months and, with a 90% probability hold a price between TRY 506.94 and TRY 700.65 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AYCES.IS Signals & Forecast
Mostly positive signals in the chart today. The Altin Yunus Çesme Turistik Tesisler stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at TRY 665.00 and TRY 668.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 13.91%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Altin Yunus Çesme Turistik Tesisler stock
Altin Yunus Çesme Turistik Tesisler finds support from accumulated volume at TRY 704.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved TRY 46.50 between high and low, or 6.54%. For the last week, the stock has had daily average volatility of 5.56%.
Our recommended stop-loss: TRY 689.70 (-3.74%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (AYCES.IS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Altin Yunus Çesme Turistik Tesisler A.S. to open at TRY 728.00, and during the day (based on 14 day Average True Range), to move between TRY 667.41 and TRY 765.59, which gives a possible trading interval of +/-TRY 49.09 (+/-6.85%) up or down from last closing price. If Altin Yunus Çesme Turistik Tesisler A.S. takes out the full calculated possible swing range there will be an estimated 13.70% 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 726.50 (1.40%) than the support at TRY 704.50 (1.67%), 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 Altin Yunus Çesme Turistik Tesisler A.S. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.078 Buy Candidate Unchanged
Predicted Opening Price for Altin Yunus Çesme Turistik Tesisler A.S. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| TRY 728.00 ( 1.61%) | TRY 716.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AYCES.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 774.50 | 8.09% |
| R2 | 756.74 | 5.62% |
| R1 | 745.76 | 4.08% |
| Price | 716.50 | |
| S1 | 710.24 | -0.87% |
| S2 | 699.26 | -2.41% |
| S3 | 681.50 | -4.88% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 771.50 | 7.68% |
| R2 | 756.50 | 5.58% |
| R1 | 726.50 | 1.40% |
| Price | 716.50 | |
| S1 | 704.50 | -1.67% |
| S2 | 660.50 | -7.82% |
| S3 | 655.00 | -8.58% |
FAQ
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