Goodyear Lastikleri T.A.S. Stock Forecast
Goodyear Lastikleri T.A.S. stock upgraded to Buy Candidate.
(Updated on Apr 22, 2024)
The Goodyear Lastikleri T.A.S. stock price gained 3.65% on the last trading day (Monday, 22nd Apr 2024), rising from TRY 20.30 to TRY 21.04. It has now gained 3 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 4.50% from a day low at TRY 20.44 to a day high of TRY 21.36. The price has risen in 7 of the last 10 days and is up by 11.09% 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, 130 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately TRY 39.33 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 -3.85% during the next 3 months and, with a 90% probability hold a price between TRY 17.90 and TRY 23.50 at the end of this 3-month period.
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GOODY.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 11.97%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The Goodyear Lastikleri T.A.S. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at TRY 21.62. On a fall, the stock will find some support from the short-term average at TRY 20.24. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Goodyear Lastikleri T.A.S. stock
Goodyear Lastikleri T.A.S. finds support from accumulated volume at TRY 20.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved TRY 0.92 between high and low, or 4.50%. For the last week, the stock has had daily average volatility of 3.33%.
Our recommended stop-loss: TRY 20.20 (-4.00%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (GOODY.IS) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Goodyear Lastikleri T.A.S. to open at TRY 20.95, and during the day (based on 14 day Average True Range), to move between TRY 20.15 and TRY 21.93, which gives a possible trading interval of +/-TRY 0.89 (+/-4.23%) up or down from last closing price. If Goodyear Lastikleri T.A.S. takes out the full calculated possible swing range there will be an estimated 8.45% 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 20.98 (0.29%) than the resistance at TRY 21.80 (3.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Goodyear Lastikleri T.A.S. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 1.454 Buy Candidate Upgraded
Predicted Opening Price for Goodyear Lastikleri T.A.S. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| TRY 20.95 ( 0.444%) | TRY 21.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GOODY.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.87 | 3.93 % | |
| R2 | 21.52 | 2.26 % | ||
| R1 | 21.30 | 1.23 % | ||
| Current price: | 21.04 | |||
| Support | S1 | 20.60 | -2.11 % | |
| S2 | 20.38 | -3.15 % | ||
| S3 | 20.03 | -4.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.76 | 17.68 % | |
| R2 | 23.96 | 13.88 % | ||
| R1 | 21.80 | 3.61 % | ||
| Current price | 21.04 | |||
| Support | S1 | 20.98 | -0.285% | |
| S2 | 20.16 | -4.18% | ||
| S3 | 19.47 | -7.46% |
GOODY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2021 | May 31, 2021 | May 31, 2021 | TRY 0.383 | 5.36% |
| 2 | May 24, 2021 | May 24, 2021 | May 24, 2021 | TRY 0.383 | 4.99% |
| 3 | May 27, 2019 | May 27, 2019 | May 27, 2019 | TRY 0.0902 | 3.59% |
| 4 | May 21, 2018 | May 21, 2018 | May 21, 2018 | TRY 0.0726 | 2.19% |
| 5 | May 23, 2017 | May 23, 2017 | May 23, 2017 | TRY 0.0320 | 0.782% |
FAQ
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