Gelecek Varlik Yönetimi Anonim Sirketi Stock Forecast

Stronger technical forecast for Gelecek Varlik Yönetimi Anonim Sirketi stock price after Friday trading.
(Updated on May 10, 2024)

GLCVY.IS Signals & Forecast

The Gelecek Varlik Yönetimi Anonim Sirketi 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 47.16 and TRY 45.88. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical 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 Monday, April 22, 2024, and so far it has fallen -5.44%. 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).

Support, Risk & Stop-loss for Gelecek Varlik Yönetimi Anonim Sirketi stock

Gelecek Varlik Yönetimi Anonim Sirketi finds support from accumulated volume at TRY 45.78 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 2.10 between high and low, or 4.55%. For the last week, the stock has had daily average volatility of 4.10%.

Our recommended stop-loss: TRY 44.97 (-4.89%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (GLCVY.IS) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Gelecek Varlik Yönetimi Anonim Sirketi to open at TRY 47.23, and during the day (based on 14 day Average True Range), to move between TRY 44.88 and TRY 49.68, which gives a possible trading interval of +/-TRY 2.40 (+/-5.09%) up or down from last closing price. If Gelecek Varlik Yönetimi Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 10.17% 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 45.78 (3.17%) than the resistance at TRY 49.62 (4.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Gelecek Varlik Yönetimi Anonim Sirketi stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Gelecek Varlik Yönetimi Anonim Sirketi 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: 1.746 Buy Candidate Upgraded

Predicted Opening Price for Gelecek Varlik Yönetimi Anonim Sirketi of Monday, May 13, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.