Euro Yatirim Holding A.S. Stock Forecast
Euro Yatirim Holding A.S. stock price ended at TRY 3.28 on Monday, after gaining 0.306%.
(Updated on Apr 29, 2024)
The Euro Yatirim Holding A.S. stock price gained 0.306% on the last trading day (Monday, 29th Apr 2024), rising from TRY 3.27 to TRY 3.28. During the last trading day the stock fluctuated 3.74% from a day low at TRY 3.21 to a day high of TRY 3.33. The price has been going up and down for this period, and there has been a -0.91% loss for the last 2 weeks. Volume fell on the last day by -542 thousand shares and in total, 13 million shares were bought and sold for approximately TRY 41.36 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 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 -5.13% during the next 3 months and, with a 90% probability hold a price between TRY 2.85 and TRY 3.58 at the end of this 3-month period.
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EUHOL.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 7.54%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Euro Yatirim Holding A.S. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at TRY 3.38. On a fall, the stock will find some support from the short-term average at TRY 3.25. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Euro Yatirim Holding A.S. stock
Euro Yatirim Holding A.S. finds support from accumulated volume at TRY 3.26 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 0.120 between high and low, or 3.74%. For the last week, the stock has had daily average volatility of 5.95%.
Our recommended stop-loss: TRY 3.14 (-4.40%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (EUHOL.IS) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Euro Yatirim Holding A.S. to open at TRY 3.27, and during the day (based on 14 day Average True Range), to move between TRY 3.11 and TRY 3.45, which gives a possible trading interval of +/-TRY 0.168 (+/-5.13%) up or down from last closing price. If Euro Yatirim Holding A.S. takes out the full calculated possible swing range there will be an estimated 10.26% 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 3.26 (0.61%) than the resistance at TRY 3.46 (5.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Euro Yatirim Holding A.S. stock A Buy?
Euro Yatirim Holding A.S. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.118 Hold/Accumulate Unchanged
Predicted Opening Price for Euro Yatirim Holding A.S. of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| TRY 3.27 ( 0.203%) | TRY 3.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EUHOL.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.39 | 3.46 % | |
| R2 | 3.35 | 2.06 % | ||
| R1 | 3.32 | 1.19 % | ||
| Current price: | 3.28 | |||
| Support | S1 | 3.23 | -1.60 % | |
| S2 | 3.20 | -2.46 % | ||
| S3 | 3.15 | -3.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.81 | 16.16 % | |
| R2 | 3.47 | 5.79 % | ||
| R1 | 3.46 | 5.49 % | ||
| Current price | 3.28 | |||
| Support | S1 | 3.26 | -0.610% | |
| S2 | 3.23 | -1.52% | ||
| S3 | 3.02 | -7.93% |
FAQ
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