GSD Denizcilik Gayrimenkul Insaat Sanayi Stock Forecast
GSD Denizcilik Gayrimenkul Insaat Sanayi stock upgraded to Strong Buy Candidate.
(Updated on May 02, 2024)
The GSD Denizcilik Gayrimenkul Insaat Sanayi stock price gained 4.16% on the last trading day (Thursday, 2nd May 2024), rising from TRY 10.10 to TRY 10.52. During the last trading day the stock fluctuated 4.65% from a day low at TRY 10.11 to a day high of TRY 10.58. The price has fallen in 6 of the last 10 days but is still up by 0.67% 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, 4 million more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately TRY 63.37 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 8.49% during the next 3 months and, with a 90% probability hold a price between TRY 10.82 and TRY 12.70 at the end of this 3-month period.
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GSDDE.IS Signals & Forecast
The GSD Denizcilik Gayrimenkul Insaat 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 10.27 and TRY 10.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 6.80%. 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 GSD Denizcilik Gayrimenkul Insaat Sanayi stock
GSD Denizcilik Gayrimenkul Insaat Sanayi finds support from accumulated volume at TRY 10.10 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 0.470 between high and low, or 4.65%. For the last week, the stock has had daily average volatility of 4.64%.
Our recommended stop-loss: TRY 10.06 (-4.39%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (GSDDE.IS) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect GSD Denizcilik Gayrimenkul Insaat Sanayi ve Ticaret A.S. to open at TRY 10.40, and during the day (based on 14 day Average True Range), to move between TRY 9.91 and TRY 11.13, which gives a possible trading interval of +/-TRY 0.612 (+/-5.82%) up or down from last closing price. If GSD Denizcilik Gayrimenkul Insaat Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 11.64% 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 10.57 (0.48%) than the support at TRY 10.10 (3.99%), 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 GSD Denizcilik Gayrimenkul Insaat Sanayi ve Ticaret A.S. stock A Buy?
GSD Denizcilik Gayrimenkul Insaat Sanayi holds several positive signals and is within a weak 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 Hold/Accumulate to a Strong Buy candidate.
Current score: 5.464 Strong Buy Candidate Upgraded
Predicted Opening Price for GSD Denizcilik Gayrimenkul Insaat Sanayi ve Ticaret A.S. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| TRY 10.40 ( 1.11%) | TRY 10.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GSDDE.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.87 | 3.36 % | |
| R2 | 10.69 | 1.65 % | ||
| R1 | 10.58 | 0.598 % | ||
| Current price: | 10.52 | |||
| Support | S1 | 10.22 | -2.82 % | |
| S2 | 10.11 | -3.87 % | ||
| S3 | 9.93 | -5.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.52 | 9.51 % | |
| R2 | 10.65 | 1.24 % | ||
| R1 | 10.57 | 0.475 % | ||
| Current price | 10.52 | |||
| Support | S1 | 10.10 | -3.99% | |
| S2 | 10.08 | -4.18% | ||
| S3 | 10.00 | -4.94% |
FAQ
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