Galatasaray Sportif Sinai ve Ticari Stock Forecast

Galatasaray Sportif Sinai ve Ticari stock upgraded to Strong Buy Candidate.
(Updated on Jul 02, 2024)

GSRAY.IS Signals & Forecast

The Galatasaray Sportif Sinai ve Ticari 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 8.73 and TRY 8.54. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Monday, April 22, 2024, and so far it has fallen -10.96%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Galatasaray Sportif Sinai ve Ticari stock

Galatasaray Sportif Sinai ve Ticari finds support from accumulated volume at TRY 8.93 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 0.520 between high and low, or 6.03%. For the last week, the stock has had daily average volatility of 5.51%.

Our recommended stop-loss: TRY 8.55 (-5.20%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 61 days ago.)

Trading Expectations (GSRAY.IS) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Galatasaray Sportif Sinai ve Ticari Yatirimlar A.S. to open at TRY 8.93, and during the day (based on 14 day Average True Range), to move between TRY 8.52 and TRY 9.52, which gives a possible trading interval of +/-TRY 0.501 (+/-5.55%) up or down from last closing price. If Galatasaray Sportif Sinai ve Ticari Yatirimlar A.S. takes out the full calculated possible swing range there will be an estimated 11.11% 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 9.03 (0.11%) than the support at TRY 8.93 (1.00%), 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 Galatasaray Sportif Sinai ve Ticari Yatirimlar A.S. stock A Buy?

Galatasaray Sportif Sinai ve Ticari 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 Buy to a Strong Buy candidate.

Current score: 5.089 Strong Buy Candidate Upgraded

Predicted Opening Price for Galatasaray Sportif Sinai ve Ticari Yatirimlar A.S. of Wednesday, July 3, 2024

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