Aygaz Anonim Sirketi Stock Forecast

Evaluation of Aygaz Anonim Sirketi stock downgraded after the last trading session.
(Updated on Apr 19, 2024)

AYGAZ.IS Signals & Forecast

The Aygaz Anonim 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 172.80 and TRY 159.45. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 27, 2024, and so far it has risen 21.15%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Aygaz Anonim Sirketi stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 156.70 and TRY 155.10. 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, Aygaz Anonim Sirketi finds support just below today's level at TRY 156.70. If this is broken, then the next support from accumulated volume will be at TRY 155.10 and TRY 152.00.

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 6.20 between high and low, or 3.58%. For the last week, the stock has had daily average volatility of 3.66%.

Our recommended stop-loss: TRY 174.06 (-2.92%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (AYGAZ.IS) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Aygaz Anonim Sirketi to open at TRY 177.30, and during the day (based on 14 day Average True Range), to move between TRY 172.94 and TRY 185.66, which gives a possible trading interval of +/-TRY 6.36 (+/-3.54%) up or down from last closing price. If Aygaz Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 7.09% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ TRY 156.70, some TRY 22.60 (12.60%) from the current price of TRY 179.30, our system finds the risk reward attractive.

Is Aygaz Anonim Sirketi stock A Buy?

Aygaz Anonim 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

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 Aygaz Anonim Sirketi of Monday, April 22, 2024

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