Global Yatirim Holding Anonim Sirketi Stock Forecast
Red day on Thursday for Global Yatirim Holding Anonim Sirketi stock after losing 1.52%
(Updated on May 09, 2024)
The Global Yatirim Holding Anonim Sirketi stock price fell by -1.52% on the last day (Thursday, 9th May 2024) from TRY 13.81 to TRY 13.60. During the last trading day the stock fluctuated 3.44% from a day low at TRY 13.39 to a day high of TRY 13.85. The price has fallen in 6 of the last 10 days and is down by -4.49% for this period. Volume has increased on the last day by 3 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, 15 million shares were bought and sold for approximately TRY 201.31 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.75% during the next 3 months and, with a 90% probability hold a price between TRY 12.71 and TRY 15.69 at the end of this 3-month period.
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GLYHO.IS Signals & Forecast
The Global Yatirim Holding Anonim Sirketi stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 13.64. On a fall, the stock will find some support from the long-term average at approximately TRY 13.05. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 -5.29%. Further fall is indicated until a new bottom pivot has been found. 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 Global Yatirim Holding Anonim Sirketi stock
Global Yatirim Holding Anonim Sirketi finds support from accumulated volume at TRY 12.95 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 0.460 between high and low, or 3.44%. For the last week, the stock has had daily average volatility of 3.32%.
Our recommended stop-loss: TRY 13.08 (-3.79%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (GLYHO.IS) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Global Yatirim Holding Anonim Sirketi to open at TRY 13.61, and during the day (based on 14 day Average True Range), to move between TRY 13.03 and TRY 14.17, which gives a possible trading interval of +/-TRY 0.573 (+/-4.22%) up or down from last closing price. If Global Yatirim Holding Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 8.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at TRY 13.83 (1.69%) than the support at TRY 12.95 (4.78%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Global Yatirim Holding 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 Global Yatirim Holding Anonim Sirketi stock to perform well in the short-term.
Current score: 2.292 Buy Candidate Unchanged
Predicted Opening Price for Global Yatirim Holding Anonim Sirketi of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| TRY 13.61 ( 0.0980%) | TRY 13.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GLYHO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.07 | 3.48 % | |
| R2 | 13.90 | 2.19 % | ||
| R1 | 13.79 | 1.39 % | ||
| Current price: | 13.60 | |||
| Support | S1 | 13.44 | -1.19 % | |
| S2 | 13.33 | -1.99 % | ||
| S3 | 13.15 | -3.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.36 | 5.59 % | |
| R2 | 14.24 | 4.71 % | ||
| R1 | 13.83 | 1.69 % | ||
| Current price | 13.60 | |||
| Support | S1 | 12.95 | -4.78% | |
| S2 | 12.84 | -5.59% | ||
| S3 | 12.60 | -7.35% |
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