Goodyear Lastikleri T.A.S. Stock Forecast
Red day on Friday for Goodyear Lastikleri T.A.S. stock after losing 0.182%
(Updated on May 03, 2024)
The Goodyear Lastikleri T.A.S. stock price fell by -0.182% on the last day (Friday, 3rd May 2024) from TRY 21.94 to TRY 21.90. During the last trading day the stock fluctuated 1.93% from a day low at TRY 21.80 to a day high of TRY 22.22. The price has risen in 7 of the last 10 days and is up by 11% 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 -2 million shares and in total, 1 million shares were bought and sold for approximately TRY 23.70 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 -10.05% during the next 3 months and, with a 90% probability hold a price between TRY 16.18 and TRY 21.19 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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GOODY.IS Signals & Forecast
The Goodyear Lastikleri T.A.S. 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 21.49 and TRY 21.25. 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 Thursday, May 02, 2024, and so far it has fallen -0.182%. 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 Goodyear Lastikleri T.A.S. stock
Goodyear Lastikleri T.A.S. finds support from accumulated volume at TRY 21.80 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 0.420 between high and low, or 1.93%. For the last week, the stock has had daily average volatility of 3.00%.
Our recommended stop-loss: TRY 21.09 (-3.71%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (GOODY.IS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Goodyear Lastikleri T.A.S. to open at TRY 21.97, and during the day (based on 14 day Average True Range), to move between TRY 21.10 and TRY 22.70, which gives a possible trading interval of +/-TRY 0.80 (+/-3.66%) 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 7.33% 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 21.80 (0.46%) than the resistance at TRY 23.72 (8.31%), 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.
Current score: 2.098 Buy Candidate Unchanged
Predicted Opening Price for Goodyear Lastikleri T.A.S. of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
TRY 21.97 ( 0.335%) | TRY 21.90 |
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 | 22.39 | 2.25 % | |
R2 | 22.23 | 1.52 % | ||
R1 | 22.13 | 1.07 % | ||
Current price: | 21.90 | |||
Support | S1 | 21.81 | -0.398 % | |
S2 | 21.71 | -0.85 % | ||
S3 | 21.55 | -1.58 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 24.76 | 13.06 % | |
R2 | 23.96 | 9.41 % | ||
R1 | 23.72 | 8.31 % | ||
Current price | 21.90 | |||
Support | S1 | 21.80 | -0.457% | |
S2 | 19.56 | -10.68% | ||
S3 | 19.47 | -11.10% |
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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