Emlak Konut Gayrimenkul Yatirim Stock Forecast
Emlak Konut Gayrimenkul Yatirim stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 03, 2024)
The Emlak Konut Gayrimenkul Yatirim stock price gained 2.68% on the last trading day (Friday, 3rd May 2024), rising from TRY 10.07 to TRY 10.34. During the last trading day the stock fluctuated 4.27% from a day low at TRY 10.07 to a day high of TRY 10.50. The price has risen in 6 of the last 10 days and is up by 1.77% 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, 70 million more shares were traded than the day before. In total, 237 million shares were bought and sold for approximately TRY 2.45 billion.
The stock lies the upper part of a 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 10.56 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 -11.92% during the next 3 months and, with a 90% probability hold a price between TRY 7.50 and TRY 9.30 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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EKGYO.IS Signals & Forecast
Mostly positive signals in the chart today. The Emlak Konut Gayrimenkul Yatirim stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at TRY 9.73 and TRY 9.99. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 15.40%. 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 is rising along with the price. This is considered to be a good technical signal.
A buy signal from a double bottom formation was found on Friday, April 19, 2024 and based on theory for this formation the price should go up by 15.18% to TRY 11.91 within 10 trading days since signal was issued (Monday, May 06, 2024).
Support, Risk & Stop-loss for Emlak Konut Gayrimenkul Yatirim stock
Emlak Konut Gayrimenkul Yatirim finds support from accumulated volume at TRY 10.17 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved TRY 0.430 between high and low, or 4.27%. For the last week, the stock has had daily average volatility of 3.92%.
Our recommended stop-loss: TRY 9.92 (-4.06%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (EKGYO.IS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Emlak Konut Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 10.30, and during the day (based on 14 day Average True Range), to move between TRY 9.88 and TRY 10.80, which gives a possible trading interval of +/-TRY 0.460 (+/-4.45%) up or down from last closing price. If Emlak Konut Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 8.90% 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 10.17 (1.64%) than the resistance at TRY 10.77 (4.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Emlak Konut 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.109 Buy Candidate Upgraded
Predicted Opening Price for Emlak Konut Gayrimenkul Yatirim Ortakligi A.S. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| TRY 10.30 ( 0.355%) | TRY 10.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EKGYO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.73 | 3.80 % | |
| R2 | 10.57 | 2.22 % | ||
| R1 | 10.47 | 1.23 % | ||
| Current price: | 10.34 | |||
| Support | S1 | 10.14 | -1.94 % | |
| S2 | 10.04 | -2.92 % | ||
| S3 | 9.87 | -4.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.63 | 12.48 % | |
| R2 | 11.30 | 9.28 % | ||
| R1 | 10.77 | 4.16 % | ||
| Current price | 10.34 | |||
| Support | S1 | 10.17 | -1.64% | |
| S2 | 9.25 | -10.54% | ||
| S3 | 8.96 | -13.35% |
EKGYO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2023 | Apr 12, 2023 | Apr 12, 2023 | TRY 0.239 | 3.41% |
| 2 | Apr 25, 2022 | Apr 25, 2022 | Apr 25, 2022 | TRY 0.103 | 3.72% |
| 3 | May 05, 2021 | May 05, 2021 | May 05, 2021 | TRY 0.0217 | 1.19% |
| 4 | Jul 23, 2020 | Jul 23, 2020 | Jul 23, 2020 | TRY 0.0202 | 0.87% |
| 5 | Apr 27, 2020 | Apr 27, 2020 | Apr 27, 2020 | TRY 0.0202 | 1.60% |
FAQ
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