Hedef Girisim Sermayesi Yatirim Stock Forecast
Hedef Girisim Sermayesi Yatirim stock price up 0.488% on Monday
(Updated on Apr 22, 2024)
The Hedef Girisim Sermayesi Yatirim stock price gained 0.488% on the last trading day (Monday, 22nd Apr 2024), rising from TRY 2.05 to TRY 2.06. During the last trading day the stock fluctuated 2.94% from a day low at TRY 2.04 to a day high of TRY 2.10. The price has risen in 6 of the last 10 days but is still down by -0.96% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 558 thousand more shares were traded than the day before. In total, 22 million shares were bought and sold for approximately TRY 44.75 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 3.78% during the next 3 months and, with a 90% probability hold a price between TRY 2.00 and TRY 2.43 at the end of this 3-month period.
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HDFGS.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.98%. 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. The Hedef Girisim Sermayesi Yatirim stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at TRY 2.09 and TRY 2.07. A break-up above any of these levels will issue buy signals. 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 Tuesday, April 09, 2024 and based on theory for this formation the price should fall by -8.25% to TRY 1.89 within 44 trading days since signal was issued (Wednesday, April 24, 2024).
Support, Risk & Stop-loss for Hedef Girisim Sermayesi Yatirim stock
Hedef Girisim Sermayesi Yatirim finds support from accumulated volume at TRY 2.02 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 0.0600 between high and low, or 2.94%. For the last week, the stock has had daily average volatility of 4.07%.
Our recommended stop-loss: TRY 1.95 (-5.39%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (HDFGS.IS) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Hedef Girisim Sermayesi Yatirim Ortakligi A.S. to open at TRY 2.07, and during the day (based on 14 day Average True Range), to move between TRY 1.95 and TRY 2.17, which gives a possible trading interval of +/-TRY 0.107 (+/-5.20%) up or down from last closing price. If Hedef Girisim Sermayesi Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 10.40% 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 2.02 (1.94%) than the resistance at TRY 2.13 (3.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hedef Girisim Sermayesi Yatirim Ortakligi A.S. stock A Buy?
Hedef Girisim Sermayesi Yatirim holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.062 Hold/Accumulate Unchanged
Predicted Opening Price for Hedef Girisim Sermayesi Yatirim Ortakligi A.S. of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| TRY 2.07 ( 0.324%) | TRY 2.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HDFGS.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.13 | 3.24 % | |
| R2 | 2.10 | 2.12 % | ||
| R1 | 2.09 | 1.44 % | ||
| Current price: | 2.06 | |||
| Support | S1 | 2.04 | -0.789 % | |
| S2 | 2.03 | -1.48 % | ||
| S3 | 2.01 | -2.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.27 | 10.19 % | |
| R2 | 2.15 | 4.37 % | ||
| R1 | 2.13 | 3.40 % | ||
| Current price | 2.06 | |||
| Support | S1 | 2.02 | -1.94% | |
| S2 | 2.01 | -2.43% | ||
| S3 | 1.95 | -5.34% |
FAQ
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