Idealist Gayrimenkul Yatirim Ortakligi Stock Forecast
Idealist Gayrimenkul Yatirim Ortakligi stock downgraded to Hold/Accumulate
(Updated on May 24, 2024)
The Idealist Gayrimenkul Yatirim Ortakligi stock price fell by -3.06% on the last day (Friday, 24th May 2024) from TRY 7.19 to TRY 6.97. During the last trading day the stock fluctuated 5.12% from a day low at TRY 6.83 to a day high of TRY 7.18. The price has been going up and down for this period, and there has been a 5.93% gain 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 -97 thousand shares and in total, 688 thousand shares were bought and sold for approximately TRY 4.80 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.49% during the next 3 months and, with a 90% probability hold a price between TRY 7.14 and TRY 8.59 at the end of this 3-month period.
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IDGYO.IS Signals & Forecast
The Idealist Gayrimenkul Yatirim Ortakligi stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 7.14. On a fall, the stock will find some support from the long-term average at approximately TRY 6.62. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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, May 20, 2024, and so far it has fallen -7.19%. 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 6.78 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 0.350 between high and low, or 5.12%. For the last week, the stock has had daily average volatility of 7.77%.
Our recommended stop-loss: TRY 6.67 (-4.33%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (IDGYO.IS) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Idealist Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 6.99, and during the day (based on 14 day Average True Range), to move between TRY 6.56 and TRY 7.38, which gives a possible trading interval of +/-TRY 0.408 (+/-5.85%) 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 11.70% 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 7.15 (2.58%) than the support at TRY 6.78 (2.73%), 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?
Idealist Gayrimenkul Yatirim Ortakligi 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.766 Hold/Accumulate Downgraded
Predicted Opening Price for Idealist Gayrimenkul Yatirim Ortakligi A.S. of Monday, May 27, 2024
Fair opening price May 27, 2024 | Current price |
---|---|
TRY 6.99 ( 0.335%) | TRY 6.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IDGYO.IS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.34 | 5.36 % | |
R2 | 7.21 | 3.44 % | ||
R1 | 7.13 | 2.25 % | ||
Current price: | 6.97 | |||
Support | S1 | 6.86 | -1.58 % | |
S2 | 6.78 | -2.77 % | ||
S3 | 6.64 | -4.69 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.26 | 4.16 % | |
R2 | 7.19 | 3.16 % | ||
R1 | 7.15 | 2.58 % | ||
Current price | 6.97 | |||
Support | S1 | 6.78 | -2.73% | |
S2 | 6.60 | -5.31% | ||
S3 | 6.40 | -8.18% |
FAQ
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