Dogus Gayrimenkul Yatirim Ortakligi A.S. Stock Forecast
Dogus Gayrimenkul Yatirim Ortakligi A.S. stock price ended at TRY 40.04 on Thursday, after gaining 2.40%.
(Updated on May 16, 2024)
The Dogus Gayrimenkul Yatirim Ortakligi A.S. stock price gained 2.40% on the last trading day (Thursday, 16th May 2024), rising from TRY 39.10 to TRY 40.04. During the last trading day the stock fluctuated 8.06% from a day low at TRY 38.20 to a day high of TRY 41.28. The price has risen in 7 of the last 10 days and is up by 14.99% over the past 2 weeks. Volume fell on the last day by -49 thousand shares and in total, 931 thousand shares were bought and sold for approximately TRY 37.26 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a very wide and falling 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 41.10 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.55% during the next 3 months and, with a 90% probability hold a price between TRY 30.44 and TRY 40.06 at the end of this 3-month period.
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DGGYO.IS Signals & Forecast
Mostly positive signals in the chart today. The Dogus Gayrimenkul Yatirim Ortakligi 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 37.55 and TRY 34.50. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 26.23%. 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 Dogus Gayrimenkul Yatirim Ortakligi A.S. stock
Dogus Gayrimenkul Yatirim Ortakligi A.S. finds support from accumulated volume at TRY 38.10 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 3.08 between high and low, or 8.06%. For the last week, the stock has had daily average volatility of 6.63%.
Our recommended stop-loss: TRY 38.82 (-3.04%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (DGGYO.IS) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Dogus Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 39.84, and during the day (based on 14 day Average True Range), to move between TRY 38.01 and TRY 42.07, which gives a possible trading interval of +/-TRY 2.03 (+/-5.06%) 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 10.12% 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 40.30 (0.65%) than the support at TRY 38.10 (4.85%), 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 Dogus Gayrimenkul Yatirim Ortakligi A.S. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.518 Buy Candidate Unchanged
Predicted Opening Price for Dogus Gayrimenkul Yatirim Ortakligi A.S. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| TRY 39.84 ( 0.500%) | TRY 40.04 |
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 | 42.92 | 7.19 % | |
| R2 | 41.74 | 4.25 % | ||
| R1 | 41.02 | 2.44 % | ||
| Current price: | 40.04 | |||
| Support | S1 | 38.66 | -3.44 % | |
| S2 | 37.94 | -5.25 % | ||
| S3 | 36.76 | -8.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 41.90 | 4.65 % | ||
| R1 | 40.30 | 0.649 % | ||
| Current price | 40.04 | |||
| Support | S1 | 38.10 | -4.85% | |
| S2 | 37.22 | -7.04% | ||
| S3 | 34.40 | -14.09% |
FAQ
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