Güler Yatirim Holding Anonim Sirketi Stock Forecast
Güler Yatirim Holding Anonim Sirketi stock price ended at TRY 11.45 on Friday, after losing 0.521%.
(Updated on May 10, 2024)
The Güler Yatirim Holding Anonim Sirketi stock price fell by -0.521% on the last day (Friday, 10th May 2024) from TRY 11.51 to TRY 11.45. During the last trading day the stock fluctuated 2.92% from a day low at TRY 11.30 to a day high of TRY 11.63. The price has fallen in 7 of the last 10 days and is down by -7.51% for this period. Volume has increased on the last day by 2 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, 4 million shares were bought and sold for approximately TRY 46.43 million.
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 -18.83% during the next 3 months and, with a 90% probability hold a price between TRY 8.16 and TRY 10.22 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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GLRYH.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 0.704%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Güler Yatirim Holding Anonim Sirketi stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at TRY 11.95 and TRY 11.97. A break-up above any of these levels will issue buy signals. 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 Güler Yatirim Holding Anonim Sirketi stock
Güler Yatirim Holding Anonim Sirketi finds support from accumulated volume at TRY 11.42 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 0.330 between high and low, or 2.92%. For the last week, the stock has had daily average volatility of 3.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GLRYH.IS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Güler Yatirim Holding Anonim Sirketi to open at TRY 11.46, and during the day (based on 14 day Average True Range), to move between TRY 10.90 and TRY 12.00, which gives a possible trading interval of +/-TRY 0.552 (+/-4.82%) up or down from last closing price. If Güler Yatirim Holding Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 9.65% 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 11.42 (0.26%) than the resistance at TRY 11.52 (0.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Güler Yatirim Holding Anonim Sirketi stock A Buy?
Güler Yatirim Holding Anonim Sirketi holds several negative signals and is within a very 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.
Current score: -1.085 Sell Candidate Unchanged
Predicted Opening Price for Güler Yatirim Holding Anonim Sirketi of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| TRY 11.46 ( 0.0873%) | TRY 11.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GLRYH.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.79 | 2.97 % | |
| R2 | 11.66 | 1.87 % | ||
| R1 | 11.59 | 1.19 % | ||
| Current price: | 11.45 | |||
| Support | S1 | 11.33 | -1.01 % | |
| S2 | 11.26 | -1.69 % | ||
| S3 | 11.13 | -2.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.92 | 21.57 % | |
| R2 | 13.50 | 17.90 % | ||
| R1 | 11.52 | 0.611 % | ||
| Current price | 11.45 | |||
| Support | S1 | 11.42 | -0.262% | |
| S2 | 11.37 | -0.699% | ||
| S3 | 11.36 | -0.786% |
FAQ
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