Baskent Dogalgaz Dagitim Gayrimenkul Stock Forecast

Baskent Dogalgaz Dagitim Gayrimenkul stock price down 0.92% on Tuesday
(Updated on Jun 25, 2024)

BASGZ.IS Signals & Forecast

The Baskent Dogalgaz Dagitim Gayrimenkul 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 31.09 and TRY 29.12. A breakdown below any of these levels will issue sell signals. 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, June 04, 2024, and so far it has fallen -1.40%. 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. The stock had a Golden Star Signal on Monday, April 29, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Baskent Dogalgaz Dagitim Gayrimenkul stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 27.92 and TRY 27.14. 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, Baskent Dogalgaz Dagitim Gayrimenkul finds support just below today's level at TRY 27.92. If this is broken, then the next support from accumulated volume will be at TRY 27.14 and TRY 26.52.

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 1.20 between high and low, or 3.80%. For the last week, the stock has had daily average volatility of 5.08%.

Our recommended stop-loss: TRY 30.77 (-4.75%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 51 days ago.)

Trading Expectations (BASGZ.IS) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 32.23, and during the day (based on 14 day Average True Range), to move between TRY 30.62 and TRY 33.98, which gives a possible trading interval of +/-TRY 1.68 (+/-5.20%) up or down from last closing price. If Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 10.39% 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 32.60 (0.93%) than the support at TRY 27.92 (13.56%), 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 Baskent Dogalgaz Dagitim Gayrimenkul 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 Baskent Dogalgaz Dagitim Gayrimenkul stock to perform well in the short-term.

Current score: 3.152 Buy Candidate Unchanged

Predicted Opening Price for Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi A.S. of Wednesday, June 26, 2024

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