Dogus Gayrimenkul Yatirim Ortakligi A.S. Stock Forecast
Weaker technical forecast for Dogus Gayrimenkul Yatirim Ortakligi A.S. as stock downgraded to Sell Candidate.
(Updated on Apr 29, 2024)
The Dogus Gayrimenkul Yatirim Ortakligi A.S. stock price fell by -4.25% on the last day (Monday, 29th Apr 2024) from TRY 35.30 to TRY 33.80. During the last trading day the stock fluctuated 5.28% from a day low at TRY 33.70 to a day high of TRY 35.48. The price has fallen in 7 of the last 10 days and is down by -3.7% for this period. 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 -136 thousand shares and in total, 424 thousand shares were bought and sold for approximately TRY 14.34 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 -4.95% during the next 3 months and, with a 90% probability hold a price between TRY 29.68 and TRY 38.78 at the end of this 3-month period.
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DGGYO.IS Signals & Forecast
There are mixed signals in the stock today. The Dogus Gayrimenkul Yatirim Ortakligi A.S. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at TRY 34.08 and TRY 34.53. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 6.56%. 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).
Support, Risk & Stop-loss for Dogus Gayrimenkul Yatirim Ortakligi A.S. stock
Dogus Gayrimenkul Yatirim Ortakligi A.S. finds support from accumulated volume at TRY 33.76 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 1.78 between high and low, or 5.28%. For the last week, the stock has had daily average volatility of 4.90%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DGGYO.IS) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Dogus Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 34.33, and during the day (based on 14 day Average True Range), to move between TRY 31.93 and TRY 35.67, which gives a possible trading interval of +/-TRY 1.87 (+/-5.52%) up or down from last closing price. If Dogus Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 11.04% 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 33.76 (0.12%) than the resistance at TRY 38.10 (12.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dogus Gayrimenkul Yatirim Ortakligi A.S. stock A Buy?
Dogus Gayrimenkul Yatirim Ortakligi A.S. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. 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 Sell candidate.
Current score: -1.699 Sell Candidate Downgraded
Predicted Opening Price for Dogus Gayrimenkul Yatirim Ortakligi A.S. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| TRY 34.33 ( 1.56%) | TRY 33.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DGGYO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.11 | 6.82 % | |
| R2 | 35.43 | 4.81 % | ||
| R1 | 35.01 | 3.57 % | ||
| Current price: | 33.80 | |||
| Support | S1 | 33.65 | -0.454 % | |
| S2 | 33.23 | -1.70 % | ||
| S3 | 32.55 | -3.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 40.30 | 19.23 % | |
| R2 | 39.28 | 16.21 % | ||
| R1 | 38.10 | 12.72 % | ||
| Current price | 33.80 | |||
| Support | S1 | 33.76 | -0.118% | |
| S2 | 32.78 | -3.02% | ||
| S3 | 32.74 | -3.14% |
FAQ
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