RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GOLTS.IS
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Göltas Göller Bölgesi Cimento Sanayi stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Feb 21, 2024 Gain 39.68% PDF

The Göltas Göller Bölgesi Cimento Sanayi stock price fell by -4.64% on the last day (Thursday, 28th Mar 2024) from TRY 452.25 to TRY 431.25. During the last trading day the stock fluctuated 7.83% from a day low at TRY 431.25 to a day high of TRY 465.00. The price has risen in 6 of the last 10 days and is up by 19.63% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -72 thousand shares and in total, 1 million shares were bought and sold for approximately TRY 508.87 million.

The stock lies in the upper part of a very 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 454.46 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 44.28% during the next 3 months and, with a 90% probability hold a price between TRY 487.92 and TRY 655.70 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.

GOLTS.IS Signals & Forecast

The Göltas Göller Bölgesi Cimento Sanayi 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 405.57 and TRY 330.91. A breakdown below any of these levels will issue sell signals. 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 Wednesday, March 27, 2024, and so far it has fallen -4.64%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Göltas Göller Bölgesi Cimento Sanayi stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 407.00 and TRY 406.00. 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, Göltas Göller Bölgesi Cimento Sanayi finds support just below today's level at TRY 407.00. If this is broken, then the next support from accumulated volume will be at TRY 406.00 and TRY 342.50.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved TRY 33.75 between high and low, or 7.83%. For the last week, the stock has had daily average volatility of 10.85%.

Our recommended stop-loss: TRY 408.63 (-5.24%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (GOLTS.IS) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Göltas Göller Bölgesi Cimento Sanayi Ticaret A.S. to open at TRY 442.50, and during the day (based on 14 day Average True Range), to move between TRY 402.97 and TRY 459.53, which gives a possible trading interval of +/-TRY 28.28 (+/-6.56%) up or down from last closing price. If Göltas Göller Bölgesi Cimento Sanayi Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 13.12% 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 452.25 (4.87%) than the support at TRY 407.00 (5.62%), 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 Göltas Göller Bölgesi Cimento Sanayi Ticaret A.S. 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 Göltas Göller Bölgesi Cimento Sanayi 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: 2.869 Buy Candidate Upgraded

Predicted Opening Price for Göltas Göller Bölgesi Cimento Sanayi Ticaret A.S. of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
TRY 442.50 ( 2.61%) TRY 431.25

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

Trading levels for GOLTS.IS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 476.25 10.43 %
R2 463.36 7.45 %
R1 455.39 5.60 %
Current price: 431.25
Support S1 429.61 -0.381 %
S2 421.64 -2.23 %
S3 408.75 -5.22 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 452.25 4.87 %
Current price 431.25
Support S1 407.00 -5.62%
S2 406.00 -5.86%
S3 342.50 -20.58%

FAQ

What is the symbol for Göltas Göller Bölgesi Cimento Sanayi Ticaret A.S. Stock and on which exchange is it traded?
The symbol for Göltas Göller Bölgesi Cimento Sanayi Ticaret A.S. is GOLTS.IS and it is traded on the BIST (Istanbul Stock Exchange).

Should I buy or sell Göltas Göller Bölgesi Cimento Sanayi Ticaret A.S. Stock?
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 Göltas Göller Bölgesi Cimento Sanayi 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.

How to buy Göltas Göller Bölgesi Cimento Sanayi Ticaret A.S. Stock?
Göltas Göller Bölgesi Cimento Sanayi Ticaret A.S. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Göltas Göller Bölgesi Cimento Sanayi Ticaret A.S. Stock.

What's the current price of Göltas Göller Bölgesi Cimento Sanayi Ticaret A.S. Stock?
As of the end of day on the 2024-03-28, the price of an Göltas Göller Bölgesi Cimento Sanayi Ticaret A.S. (GOLTS.IS) share was TRY 431.25.

What is the 52-week high and low for Göltas Göller Bölgesi Cimento Sanayi Ticaret A.S. Stock?
The 52-week high for Göltas Göller Bölgesi Cimento Sanayi Ticaret A.S. Stock is TRY 465.00 and the 52-week low is TRY 103.10.
Click to get the best stock tips daily for free!

About Göltas Göller Bölgesi Cimento Sanayi Ticaret A.S.

Göltas Göller Bölgesi Çimento Sanayi ve Ticaret A.S. produces and markets clinker, cement, and plant mixed concrete in Turkey. The company offers Portland cement, Portland composite cement, Pozzolanic cement, and sulfate resistant cement. It also provides raw materials and semi-finished products, including gypsum, trass, limestone, marn, iron ore, and bauxite; and Portland cement clinker, as well as SR 5 clinker products. The company exports ... GOLTS.IS Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT