Turkiye Garanti Bankasi A.S. Stock Forecast
Turkiye Garanti Bankasi A.S. stock upgraded to Strong Buy Candidate.
(Updated on Apr 26, 2024)
The Turkiye Garanti Bankasi A.S. stock price gained 2.21% on the last trading day (Friday, 26th Apr 2024), rising from TRY 79.10 to TRY 80.85. During the last trading day the stock fluctuated 3.53% from a day low at TRY 79.30 to a day high of TRY 82.10. The price has risen in 6 of the last 10 days and is up by 9.04% 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, 8 million more shares were traded than the day before. In total, 24 million shares were bought and sold for approximately TRY 1.95 billion.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at TRY 77.75, a level that may pose a second chance to hit a runner. According to fan-theory TRY 89.33 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GARAN.IS Signals & Forecast
Mostly positive signals in the chart today. The Turkiye Garanti Bankasi 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 77.51 and TRY 69.22. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 14.52%. 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.
Support, Risk & Stop-loss for Turkiye Garanti Bankasi A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 67.95 and TRY 65.95. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Turkiye Garanti Bankasi A.S. finds support just below today's level at TRY 67.95. If this is broken, then the next support from accumulated volume will be at TRY 65.95 and TRY 63.50.
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 2.80 between high and low, or 3.53%. For the last week, the stock has had daily average volatility of 4.91%.
Our recommended stop-loss: TRY 77.96 (-3.58%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (GARAN.IS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Turkiye Garanti Bankasi A.S. to open at TRY 80.75, and during the day (based on 14 day Average True Range), to move between TRY 77.68 and TRY 84.02, which gives a possible trading interval of +/-TRY 3.17 (+/-3.92%) up or down from last closing price. If Turkiye Garanti Bankasi A.S. takes out the full calculated possible swing range there will be an estimated 7.83% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ TRY 67.95, some TRY 12.90 (15.96%) from the current price of TRY 80.85, our system finds the risk reward attractive.
Earnings coming up
Turkiye Garanti Bankasi A.S. will release earnings BMO on Monday, April 29, 2024.The consensus among the analysts for the expected earnings (EPS) is $4.27. We will update the financials statements for Turkiye Garanti Bankasi A.S., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.59% in the first trading day after earnings release.
Is Turkiye Garanti Bankasi A.S. stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Turkiye Garanti Bankasi A.S. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 8.094 Strong Buy Candidate Upgraded
Predicted Opening Price for Turkiye Garanti Bankasi A.S. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| TRY 80.75 ( 0.124%) | TRY 80.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GARAN.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 83.55 | 3.34 % | |
| R2 | 82.48 | 2.02 % | ||
| R1 | 81.82 | 1.20 % | ||
| Current price: | 80.85 | |||
| Support | S1 | 79.68 | -1.45 % | |
| S2 | 79.02 | -2.26 % | ||
| S3 | 77.95 | -3.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 80.85 | |||
| Support | S1 | 67.95 | -15.96% | |
| S2 | 65.95 | -18.43% | ||
| S3 | 63.50 | -21.46% |
GARAN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 29, 2024 | Mar 29, 2024 | Mar 29, 2024 | TRY 0 | 0% |
| 2 | Apr 14, 2023 | Apr 14, 2023 | Apr 14, 2023 | TRY 2.09 | 7.64% |
| 3 | May 25, 2022 | May 25, 2022 | May 25, 2022 | TRY 0.311 | 2.11% |
| 4 | Apr 05, 2021 | Apr 05, 2021 | Apr 05, 2021 | TRY 0.149 | 2.15% |
| 5 | Apr 24, 2018 | Apr 24, 2018 | Apr 24, 2018 | TRY 0.417 | 4.29% |
FAQ
Click here for our free guide on how to buy Turkiye Garanti Bankasi A.S. Stock.
