Hub Girisim Sermayesi Yatirim Ortakligi Stock Forecast
Hub Girisim Sermayesi Yatirim Ortakligi stock price took a fall of -6.02% on Monday
(Updated on May 13, 2024)
The Hub Girisim Sermayesi Yatirim Ortakligi stock price fell by -6.02% on the last day (Monday, 13th May 2024) from TRY 11.80 to TRY 11.09. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.22% from a day low at TRY 11.09 to a day high of TRY 11.78. The price has been going up and down for this period, and there has been a -10.64% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -144 thousand shares and in total, 2 million shares were bought and sold for approximately TRY 20.73 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -19.12% during the next 3 months and, with a 90% probability hold a price between TRY 7.52 and TRY 10.53 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.
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HUBVC.IS Signals & Forecast
There are few to no technical positive signals at the moment. The Hub Girisim Sermayesi Yatirim Ortakligi 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 12.02 and TRY 11.98. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen -14.36%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Hub Girisim Sermayesi Yatirim Ortakligi stock
Hub Girisim Sermayesi Yatirim Ortakligi finds support from accumulated volume at TRY 10.68 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 0.690 between high and low, or 6.22%. For the last week, the stock has had daily average volatility of 5.12%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HUBVC.IS) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Hub Girisim Sermayesi Yatirim Ortakligi A.S. to open at TRY 11.32, and during the day (based on 14 day Average True Range), to move between TRY 10.37 and TRY 11.81, which gives a possible trading interval of +/-TRY 0.715 (+/-6.45%) up or down from last closing price. If Hub Girisim Sermayesi Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 12.90% 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 10.68 (3.70%) than the resistance at TRY 12.00 (8.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hub Girisim Sermayesi Yatirim Ortakligi A.S. stock A Buy?
Hub Girisim Sermayesi Yatirim Ortakligi holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.740 Sell Candidate Unchanged
Predicted Opening Price for Hub Girisim Sermayesi Yatirim Ortakligi A.S. of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| TRY 11.32 ( 2.07%) | TRY 11.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HUBVC.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.01 | 8.30 % | |
| R2 | 11.75 | 5.92 % | ||
| R1 | 11.58 | 4.45 % | ||
| Current price: | 11.09 | |||
| Support | S1 | 11.06 | -0.303 % | |
| S2 | 10.89 | -1.77 % | ||
| S3 | 10.63 | -4.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.61 | 22.72 % | |
| R2 | 13.58 | 22.45 % | ||
| R1 | 12.00 | 8.21 % | ||
| Current price | 11.09 | |||
| Support | S1 | 10.68 | -3.70% | |
| S2 | 10.55 | -4.87% | ||
| S3 | 10.50 | -5.32% |
FAQ
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