Hedef Girisim Sermayesi Yatirim Stock Forecast
Green day on Friday for Hedef Girisim Sermayesi Yatirim
(Updated on Apr 26, 2024)
The Hedef Girisim Sermayesi Yatirim stock price gained 3.86% on the last trading day (Friday, 26th Apr 2024), rising from TRY 2.07 to TRY 2.15. During the last trading day the stock fluctuated 6.80% from a day low at TRY 2.06 to a day high of TRY 2.20. The price has risen in 5 of the last 10 days but is still down by -5.29% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 13 million more shares were traded than the day before. In total, 32 million shares were bought and sold for approximately TRY 67.73 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Hedef Girisim Sermayesi Yatirim stock with a 90% probability to be traded between TRY 1.94 and TRY 2.34 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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HDFGS.IS Signals & Forecast
The Hedef Girisim Sermayesi Yatirim 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 2.07 and TRY 2.07. 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 6.44%. 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 Tuesday, April 09, 2024 and based on theory for this formation the price should fall by -12.09% to TRY 1.89 within 44 trading days since signal was issued (Monday, April 29, 2024).
Support, Risk & Stop-loss for Hedef Girisim Sermayesi Yatirim stock
Hedef Girisim Sermayesi Yatirim finds support from accumulated volume at TRY 2.13 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 0.140 between high and low, or 6.80%. For the last week, the stock has had daily average volatility of 3.63%.
Our recommended stop-loss: TRY 2.06 (-4.23%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (HDFGS.IS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Hedef Girisim Sermayesi Yatirim Ortakligi A.S. to open at TRY 2.14, and during the day (based on 14 day Average True Range), to move between TRY 2.05 and TRY 2.25, which gives a possible trading interval of +/-TRY 0.103 (+/-4.77%) 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 9.54% 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 2.13 (0.93%) than the resistance at TRY 2.18 (1.40%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.728 Hold/Accumulate Unchanged
Predicted Opening Price for Hedef Girisim Sermayesi Yatirim Ortakligi A.S. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| TRY 2.14 ( 0.620%) | TRY 2.15 |
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 | 2.28 | 5.89 % | |
| R2 | 2.22 | 3.40 % | ||
| R1 | 2.19 | 1.87 % | ||
| Current price: | 2.15 | |||
| Support | S1 | 2.08 | -3.11 % | |
| S2 | 2.05 | -4.64 % | ||
| S3 | 2.00 | -7.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.27 | 5.58 % | |
| R2 | 2.21 | 2.79 % | ||
| R1 | 2.18 | 1.40 % | ||
| Current price | 2.15 | |||
| Support | S1 | 2.13 | -0.93% | |
| S2 | 2.07 | -3.72% | ||
| S3 | 2.01 | -6.51% |
FAQ
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