Hürriyet Gazetecilik ve Matbaacilik Stock Forecast
Hürriyet Gazetecilik ve Matbaacilik stock price ended at TRY 4.42 on Friday, after losing 0.90%.
(Updated on May 03, 2024)
The Hürriyet Gazetecilik ve Matbaacilik stock price fell by -0.90% on the last day (Friday, 3rd May 2024) from TRY 4.46 to TRY 4.42. During the last trading day the stock fluctuated 2.04% from a day low at TRY 4.41 to a day high of TRY 4.50. The price has fallen in 7 of the last 10 days and is down by -8.68% for this period. 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 -368 thousand shares and in total, 4 million shares were bought and sold for approximately TRY 19.40 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 4.33 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.13% during the next 3 months and, with a 90% probability hold a price between TRY 4.20 and TRY 4.94 at the end of this 3-month period.
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HURGZ.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 1.84%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hürriyet Gazetecilik ve Matbaacilik stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at TRY 4.51 and TRY 4.80. 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). 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 Hürriyet Gazetecilik ve Matbaacilik stock
Hürriyet Gazetecilik ve Matbaacilik finds support from accumulated volume at TRY 4.34 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 0.0900 between high and low, or 2.04%. For the last week, the stock has had daily average volatility of 2.77%.
Hürriyet Gazetecilik ve Matbaacilik is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HURGZ.IS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Hürriyet Gazetecilik ve Matbaacilik A.S. to open at TRY 4.44, and during the day (based on 14 day Average True Range), to move between TRY 4.25 and TRY 4.59, which gives a possible trading interval of +/-TRY 0.172 (+/-3.89%) up or down from last closing price. If Hürriyet Gazetecilik ve Matbaacilik A.S. takes out the full calculated possible swing range there will be an estimated 7.77% 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 4.34 (1.81%) than the resistance at TRY 4.81 (8.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hürriyet Gazetecilik ve Matbaacilik A.S. stock A Buy?
Hürriyet Gazetecilik ve Matbaacilik holds several negative signals and is within a 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: -3.582 Sell Candidate Unchanged
Predicted Opening Price for Hürriyet Gazetecilik ve Matbaacilik A.S. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| TRY 4.44 ( 0.528%) | TRY 4.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HURGZ.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.53 | 2.56 % | |
| R2 | 4.50 | 1.79 % | ||
| R1 | 4.48 | 1.31 % | ||
| Current price: | 4.42 | |||
| Support | S1 | 4.41 | -0.250 % | |
| S2 | 4.39 | -0.730 % | ||
| S3 | 4.35 | -1.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.87 | 10.18 % | |
| R2 | 4.82 | 9.05 % | ||
| R1 | 4.81 | 8.82 % | ||
| Current price | 4.42 | |||
| Support | S1 | 4.34 | -1.81% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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