Aygaz Anonim Sirketi Stock Forecast
Stronger technical forecast for Aygaz Anonim Sirketi stock price after Thursday trading.
(Updated on May 02, 2024)
The Aygaz Anonim Sirketi stock price fell by -1.23% on the last day (Thursday, 2nd May 2024) from TRY 195.90 to TRY 193.50. During the last trading day the stock fluctuated 3.27% from a day low at TRY 192.60 to a day high of TRY 198.90. The price has risen in 5 of the last 10 days and is up by 12.43% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -416 thousand shares and in total, 855 thousand shares were bought and sold for approximately TRY 165.39 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at TRY 196.41 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 17.87% during the next 3 months and, with a 90% probability hold a price between TRY 186.24 and TRY 231.51 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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 185.50 and TRY 165.73. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -1.23%. Further fall is indicated until a new bottom pivot has been found. 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 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 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 6.30 between high and low, or 3.27%. For the last week, the stock has had daily average volatility of 3.61%.
The Aygaz Anonim Sirketi stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: TRY 186.29 (-3.73%) (This stock has high daily movements and this gives high risk. The RSI14 is 87 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (AYGAZ.IS) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Aygaz Anonim Sirketi to open at TRY 195.00, and during the day (based on 14 day Average True Range), to move between TRY 186.80 and TRY 200.20, which gives a possible trading interval of +/-TRY 6.70 (+/-3.46%) up or down from last closing price. If Aygaz Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 6.92% 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 195.90 (1.24%) than the support at TRY 156.70 (19.02%), 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.
Earnings coming up
Aygaz Anonim Sirketi will release earnings BMO on Monday, May 06, 2024. We will update the financials statements for Aygaz Anonim Sirketi, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.23% in the first trading day after earnings release.
Is Aygaz Anonim Sirketi 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 Aygaz Anonim Sirketi stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.181 Buy Candidate Upgraded
Predicted Opening Price for Aygaz Anonim Sirketi of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| TRY 195.00 ( 0.775%) | TRY 193.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AYGAZ.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 201.30 | 4.03 % | |
| R2 | 198.89 | 2.79 % | ||
| R1 | 197.41 | 2.02 % | ||
| Current price: | 193.50 | |||
| Support | S1 | 192.59 | -0.469 % | |
| S2 | 191.11 | -1.24 % | ||
| S3 | 188.70 | -2.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 195.90 | 1.24 % | ||
| Current price | 193.50 | |||
| Support | S1 | 156.70 | -19.02% | |
| S2 | 155.10 | -19.84% | ||
| S3 | 152.00 | -21.45% |
AYGAZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 04, 2024 | Apr 04, 2024 | Apr 08, 2024 | TRY 6.85 | 4.21% |
| 2 | Mar 27, 2023 | Mar 27, 2023 | Mar 27, 2023 | TRY 1.00 | 1.47% |
| 3 | Apr 06, 2022 | Apr 06, 2022 | Apr 06, 2022 | TRY 0.500 | 1.57% |
| 4 | Apr 07, 2021 | Apr 07, 2021 | Apr 07, 2021 | TRY 0.500 | 3.32% |
| 5 | Mar 17, 2020 | Mar 17, 2020 | Mar 17, 2020 | TRY 0.500 | 5.98% |
FAQ
Click here for our free guide on how to buy Aygaz Anonim Sirketi Stock.
