Dagi Giyim Sanayi ve Ticaret A.S. Stock Forecast
Dagi Giyim Sanayi ve Ticaret A.S. stock price ended at TRY 9.30 on Friday, after gaining 0.758%.
(Updated on May 10, 2024)
The Dagi Giyim Sanayi ve Ticaret A.S. stock price gained 0.758% on the last trading day (Friday, 10th May 2024), rising from TRY 9.23 to TRY 9.30. During the last trading day the stock fluctuated 9.60% from a day low at TRY 8.85 to a day high of TRY 9.70. The price has risen in 6 of the last 10 days and is up by 10.06% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 million more shares were traded than the day before. In total, 9 million shares were bought and sold for approximately TRY 87.66 million.
The stockis at the upper part of a very wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at TRY 9.66 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Dagi Giyim Sanayi ve Ticaret A.S. stock with a 90% probability to be traded between TRY 7.40 and TRY 9.75 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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DAGI.IS Signals & Forecast
The Dagi Giyim Sanayi ve Ticaret A.S. 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 9.15 and TRY 8.25. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 Monday, May 06, 2024, and so far it has fallen -3.63%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Dagi Giyim Sanayi ve Ticaret A.S. stock
Dagi Giyim Sanayi ve Ticaret A.S. finds support from accumulated volume at TRY 9.08 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved TRY 0.85 between high and low, or 9.60%. For the last week, the stock has had daily average volatility of 7.63%.
Our recommended stop-loss: TRY 8.84 (-4.92%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (DAGI.IS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Dagi Giyim Sanayi ve Ticaret A.S. to open at TRY 9.28, and during the day (based on 14 day Average True Range), to move between TRY 8.78 and TRY 9.82, which gives a possible trading interval of +/-TRY 0.516 (+/-5.55%) up or down from last closing price. If Dagi Giyim Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 11.10% 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 9.08 (2.37%) than the resistance at TRY 9.65 (3.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dagi Giyim Sanayi ve Ticaret A.S. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Dagi Giyim Sanayi ve Ticaret A.S. stock to perform well in the short-term period.
Current score: 3.700 Buy Candidate Unchanged
Predicted Opening Price for Dagi Giyim Sanayi ve Ticaret A.S. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| TRY 9.28 ( 0.179%) | TRY 9.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DAGI.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.13 | 8.96 % | |
| R2 | 9.81 | 5.47 % | ||
| R1 | 9.61 | 3.31 % | ||
| Current price: | 9.30 | |||
| Support | S1 | 8.96 | -3.67 % | |
| S2 | 8.76 | -5.83 % | ||
| S3 | 8.43 | -9.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 9.65 | 3.76 % | ||
| Current price | 9.30 | |||
| Support | S1 | 9.08 | -2.37% | |
| S2 | 9.01 | -3.12% | ||
| S3 | 8.55 | -8.06% |
FAQ
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