Deniz Gayrimenkul Yatirim Ortakligi A.S. Stock Forecast
Weaker technical forecast for Deniz Gayrimenkul Yatirim Ortakligi A.S. as stock downgraded to Sell Candidate.
(Updated on May 13, 2024)
The Deniz Gayrimenkul Yatirim Ortakligi A.S. stock price fell by -0.789% on the last day (Monday, 13th May 2024) from TRY 5.07 to TRY 5.03. During the last trading day the stock fluctuated 7.49% from a day low at TRY 4.94 to a day high of TRY 5.31. The price has fallen in 6 of the last 10 days but is still up by 2.86% over the past 2 weeks. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 million shares were bought and sold for approximately TRY 23.61 million.
The stock lies in the middle of a 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 -6.26% during the next 3 months and, with a 90% probability hold a price between TRY 4.04 and TRY 4.95 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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DZGYO.IS Signals & Forecast
The Deniz Gayrimenkul Yatirim Ortakligi A.S. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 5.11. On a fall, the stock will find some support from the long-term average at approximately TRY 4.86. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell 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 Friday, May 03, 2024, and so far it has fallen -5.45%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Deniz Gayrimenkul Yatirim Ortakligi A.S. stock
Deniz Gayrimenkul Yatirim Ortakligi A.S. finds support from accumulated volume at TRY 4.97 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved TRY 0.370 (7.49%) between high and low. For the last week, the stock has had daily average volatility of 4.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DZGYO.IS) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Deniz Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 5.09, and during the day (based on 14 day Average True Range), to move between TRY 4.82 and TRY 5.24, which gives a possible trading interval of +/-TRY 0.214 (+/-4.26%) up or down from last closing price. If Deniz Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 8.53% 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 5.09 (1.19%) than the support at TRY 4.97 (1.19%), 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 Deniz Gayrimenkul Yatirim Ortakligi A.S. stock A Buy?
Deniz Gayrimenkul Yatirim Ortakligi A.S. holds several negative signals and is within a wide and falling trend, so we believe 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 Hold/Accumulate to a Sell candidate.
Current score: -2.620 Sell Candidate Downgraded
Predicted Opening Price for Deniz Gayrimenkul Yatirim Ortakligi A.S. of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| TRY 5.09 ( 1.26%) | TRY 5.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DZGYO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.46 | 8.61 % | |
| R2 | 5.32 | 5.81 % | ||
| R1 | 5.23 | 4.07 % | ||
| Current price: | 5.03 | |||
| Support | S1 | 4.95 | -1.55 % | |
| S2 | 4.86 | -3.29 % | ||
| S3 | 4.72 | -6.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.41 | 7.55 % | |
| R2 | 5.32 | 5.77 % | ||
| R1 | 5.09 | 1.19 % | ||
| Current price | 5.03 | |||
| Support | S1 | 4.97 | -1.19% | |
| S2 | 4.96 | -1.39% | ||
| S3 | 4.52 | -10.14% |
FAQ
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