Hedef Holding A.S Stock Forecast
Hedef Holding A.S stock price up 3.34% on Friday
(Updated on May 17, 2024)
The Hedef Holding A.S stock price gained 3.34% on the last trading day (Friday, 17th May 2024), rising from TRY 26.38 to TRY 27.26. It has now gained 3 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 4.95% from a day low at TRY 26.28 to a day high of TRY 27.58. The price has risen in 6 of the last 10 days and is up by 11.54% over the past 2 weeks. Volume fell on the last day by -638 thousand shares and in total, 1 million shares were bought and sold for approximately TRY 38.13 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at TRY 27.42 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.49% during the next 3 months and, with a 90% probability hold a price between TRY 19.83 and TRY 24.55 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HEDEF.IS Signals & Forecast
Mostly positive signals in the chart today. The Hedef Holding A.S 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 25.63 and TRY 25.46. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 15.41%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Hedef Holding A.S stock
Hedef Holding A.S finds support from accumulated volume at TRY 26.86 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 1.30 between high and low, or 4.95%. For the last week, the stock has had daily average volatility of 4.97%.
Our recommended stop-loss: TRY 26.38 (-3.24%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (HEDEF.IS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Hedef Holding A.S to open at TRY 27.04, and during the day (based on 14 day Average True Range), to move between TRY 25.93 and TRY 28.59, which gives a possible trading interval of +/-TRY 1.33 (+/-4.87%) up or down from last closing price. If Hedef Holding A.S takes out the full calculated possible swing range there will be an estimated 9.73% 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 27.28 (0.07%) than the support at TRY 26.86 (1.47%), 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 Hedef Holding A.S stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.702 Buy Candidate Unchanged
Predicted Opening Price for Hedef Holding A.S of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| TRY 27.04 ( 0.81%) | TRY 27.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HEDEF.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.34 | 3.96 % | |
| R2 | 27.84 | 2.14 % | ||
| R1 | 27.54 | 1.01 % | ||
| Current price: | 27.26 | |||
| Support | S1 | 26.54 | -2.63 % | |
| S2 | 26.24 | -3.75 % | ||
| S3 | 25.74 | -5.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.78 | 5.58 % | |
| R2 | 28.00 | 2.71 % | ||
| R1 | 27.28 | 0.0734 % | ||
| Current price | 27.26 | |||
| Support | S1 | 26.86 | -1.47% | |
| S2 | 26.44 | -3.01% | ||
| S3 | 26.10 | -4.26% |
FAQ
Click here for our free guide on how to buy Hedef Holding A.S Stock.
