Galatasaray Sportif Sinai ve Ticari Stock Forecast

Stronger technical forecast for Galatasaray Sportif Sinai ve Ticari stock price after Tuesday trading.
(Updated on Jun 25, 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, 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 8.37 and TRY 8.55. 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 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. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -13.03%. 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 8.71 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 0.500 between high and low, or 5.92%. For the last week, the stock has had daily average volatility of 5.27%.

Our recommended stop-loss: TRY 8.30 (-5.78%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 56 days ago.)

Trading Expectations (GSRAY.IS) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Galatasaray Sportif Sinai ve Ticari Yatirimlar A.S. to open at TRY 8.74, and during the day (based on 14 day Average True Range), to move between TRY 8.31 and TRY 9.31, which gives a possible trading interval of +/-TRY 0.503 (+/-5.71%) 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 11.41% 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 8.71 (1.14%) than the resistance at TRY 8.93 (1.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Galatasaray Sportif Sinai ve Ticari Yatirimlar 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 Galatasaray Sportif Sinai ve Ticari stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.621 Buy Candidate Upgraded

Predicted Opening Price for Galatasaray Sportif Sinai ve Ticari Yatirimlar A.S. of Wednesday, June 26, 2024

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