Global Yatirim Holding Anonim Sirketi Stock Forecast
Global Yatirim Holding Anonim Sirketi stock upgraded from Buy Candidate to Strong Buy Candidate after Monday trading session.
(Updated on May 20, 2024)
The Global Yatirim Holding Anonim Sirketi stock price gained 2.55% on the last trading day (Monday, 20th May 2024), rising from TRY 14.14 to TRY 14.50. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.34% from a day low at TRY 14.07 to a day high of TRY 14.54. The price has risen in 6 of the last 10 days and is up by 7.17% 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, 2 million more shares were traded than the day before. In total, 15 million shares were bought and sold for approximately TRY 219.71 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at TRY 14.82 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 11.06% during the next 3 months and, with a 90% probability hold a price between TRY 13.47 and TRY 16.46 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GLYHO.IS Signals & Forecast
The Global Yatirim Holding 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 13.54 and TRY 13.22. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 12.23%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Global Yatirim Holding Anonim Sirketi stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 13.00 and TRY 12.95. 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, Global Yatirim Holding Anonim Sirketi finds support just below today's level at TRY 13.00. If this is broken, then the next support from accumulated volume will be at TRY 12.95 and TRY 12.60.
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 0.470 between high and low, or 3.34%. For the last week, the stock has had daily average volatility of 3.64%.
Our recommended stop-loss: TRY 13.71 (-5.45%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (GLYHO.IS) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Global Yatirim Holding Anonim Sirketi to open at TRY 14.37, and during the day (based on 14 day Average True Range), to move between TRY 13.96 and TRY 15.04, which gives a possible trading interval of +/-TRY 0.538 (+/-3.71%) 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 7.42% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ TRY 13.00, some TRY 1.50 (10.34%) from the current price of TRY 14.50, our system finds the risk reward attractive.
Is Global Yatirim Holding Anonim Sirketi stock A Buy?
Global Yatirim Holding Anonim Sirketi holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.010 Strong Buy Candidate Upgraded
Predicted Opening Price for Global Yatirim Holding Anonim Sirketi of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| TRY 14.37 ( 0.90%) | TRY 14.50 |
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 | 14.84 | 2.34 % | |
| R2 | 14.66 | 1.11 % | ||
| R1 | 14.55 | 0.342 % | ||
| Current price: | 14.50 | |||
| Support | S1 | 14.19 | -2.13 % | |
| S2 | 14.08 | -2.90 % | ||
| S3 | 13.90 | -4.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 14.50 | |||
| Support | S1 | 13.00 | -10.34% | |
| S2 | 12.95 | -10.69% | ||
| S3 | 12.60 | -13.10% |
FAQ
Click here for our free guide on how to buy Global Yatirim Holding Anonim Sirketi Stock.
