Idealist Gayrimenkul Yatirim Ortakligi Stock Forecast

Red day on Friday for Idealist Gayrimenkul Yatirim Ortakligi
(Updated on Apr 19, 2024)

IDGYO.IS Signals & Forecast

The Idealist Gayrimenkul Yatirim Ortakligi 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 6.34 and TRY 6.24. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, February 19, 2024, and so far it has fallen -4.56%. Further fall is indicated until a new bottom pivot has been found. 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 Idealist Gayrimenkul Yatirim Ortakligi stock

Idealist Gayrimenkul Yatirim Ortakligi finds support from accumulated volume at TRY 6.45 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 0.380 between high and low, or 5.86%. For the last week, the stock has had daily average volatility of 5.89%.

Our recommended stop-loss: TRY 6.33 (-5.59%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 41 days ago.)

Trading Expectations (IDGYO.IS) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Idealist Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 6.69, and during the day (based on 14 day Average True Range), to move between TRY 6.35 and TRY 7.05, which gives a possible trading interval of +/-TRY 0.352 (+/-5.25%) up or down from last closing price. If Idealist Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 10.49% 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 6.78 (1.19%) than the support at TRY 6.45 (3.73%), 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 Idealist Gayrimenkul Yatirim Ortakligi A.S. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Idealist Gayrimenkul Yatirim Ortakligi stock to perform well in the short-term.

Current score: 1.656 Buy Candidate Unchanged

Predicted Opening Price for Idealist Gayrimenkul Yatirim Ortakligi A.S. of Monday, April 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.