GSD Holding A.S. Stock Forecast
GSD Holding A.S. stock upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on May 20, 2024)
The GSD Holding A.S. stock price gained 1.17% on the last trading day (Monday, 20th May 2024), rising from TRY 4.26 to TRY 4.31. 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 2.36% from a day low at TRY 4.24 to a day high of TRY 4.34. The price has risen in 8 of the last 10 days but is still down by -0.69% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 million more shares were traded than the day before. In total, 26 million shares were bought and sold for approximately TRY 111.99 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 4.05% during the next 3 months and, with a 90% probability hold a price between TRY 4.12 and TRY 4.93 at the end of this 3-month period.
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GSDHO.IS Signals & Forecast
The GSD Holding A.S. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at TRY 4.23 and TRY 4.28. 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 5.12%. 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).
A sell signal from a double top formation was found on Friday, May 03, 2024 and based on theory for this formation the price should fall by -6.03% to TRY 4.05 within 4 trading days since signal was issued (Tuesday, May 21, 2024).
Support, Risk & Stop-loss for GSD Holding A.S. stock
GSD Holding A.S. finds support from accumulated volume at TRY 4.29 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 0.1000 between high and low, or 2.36%. For the last week, the stock has had daily average volatility of 2.16%.
Our recommended stop-loss: TRY 4.09 (-5.22%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (GSDHO.IS) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect GSD Holding A.S. to open at TRY 4.30, and during the day (based on 14 day Average True Range), to move between TRY 4.15 and TRY 4.47, which gives a possible trading interval of +/-TRY 0.158 (+/-3.67%) up or down from last closing price. If GSD Holding A.S. takes out the full calculated possible swing range there will be an estimated 7.34% 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 4.29 (0.46%) than the resistance at TRY 4.34 (0.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is GSD Holding 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 GSD Holding A.S. 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: 1.211 Buy Candidate Upgraded
Predicted Opening Price for GSD Holding A.S. of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| TRY 4.30 ( 0.309%) | TRY 4.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GSDHO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.40 | 2.01 % | |
| R2 | 4.36 | 1.12 % | ||
| R1 | 4.33 | 0.577 % | ||
| Current price: | 4.31 | |||
| Support | S1 | 4.26 | -1.20 % | |
| S2 | 4.23 | -1.74 % | ||
| S3 | 4.20 | -2.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.43 | 2.78 % | |
| R2 | 4.40 | 2.09 % | ||
| R1 | 4.34 | 0.696 % | ||
| Current price | 4.31 | |||
| Support | S1 | 4.29 | -0.464% | |
| S2 | 4.26 | -1.16% | ||
| S3 | 4.17 | -3.25% |
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