Ihlas Haber Ajansi A.S. Stock Forecast
Ihlas Haber Ajansi A.S. stock price up 1.23% on Tuesday
(Updated on Jun 25, 2024)
The Ihlas Haber Ajansi A.S. stock price gained 1.23% on the last trading day (Tuesday, 25th Jun 2024), rising from TRY 26.04 to TRY 26.36. During the last trading day the stock fluctuated 3.89% from a day low at TRY 25.70 to a day high of TRY 26.70. The price has risen in 7 of the last 10 days and is up by 17.99% over the past 2 weeks. Volume fell on the last day by -358 thousand shares and in total, 2 million shares were bought and sold for approximately TRY 56.83 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 in the upper part of a very wide and strong rising 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 27.20 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 118.58% during the next 3 months and, with a 90% probability hold a price between TRY 47.53 and TRY 59.45 at the end of this 3-month period.
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IHAAS.IS Signals & Forecast
The Ihlas Haber Ajansi 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 25.57 and TRY 20.70. 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). 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. 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 Friday, June 21, 2024, and so far it has fallen -1.20%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Ihlas Haber Ajansi A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 23.10 and TRY 22.96. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Ihlas Haber Ajansi A.S. finds support just below today's level at TRY 23.10. If this is broken, then the next support from accumulated volume will be at TRY 22.96 and TRY 22.00.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved TRY 1.00 between high and low, or 3.89%. For the last week, the stock has had daily average volatility of 5.03%.
Our recommended stop-loss: TRY 25.49 (-3.29%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (IHAAS.IS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Ihlas Haber Ajansi A.S. to open at TRY 26.25, and during the day (based on 14 day Average True Range), to move between TRY 24.87 and TRY 27.85, which gives a possible trading interval of +/-TRY 1.49 (+/-5.64%) up or down from last closing price. If Ihlas Haber Ajansi A.S. takes out the full calculated possible swing range there will be an estimated 11.28% 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 26.68 (1.21%) than the support at TRY 23.10 (12.37%), 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 Ihlas Haber Ajansi 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 Ihlas Haber Ajansi A.S. stock to perform well in the short-term.
Current score: 2.392 Buy Candidate Unchanged
Predicted Opening Price for Ihlas Haber Ajansi A.S. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| TRY 26.25 ( 0.405%) | TRY 26.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IHAAS.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.25 | 3.39% |
| R2 | 26.87 | 1.94% |
| R1 | 26.64 | 1.04% |
| Price | 26.36 | |
| S1 | 25.87 | -1.85% |
| S2 | 25.64 | -2.75% |
| S3 | 25.25 | -4.20% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 26.68 | 1.21% |
| Price | 26.36 | |
| S1 | 23.10 | -12.37% |
| S2 | 22.96 | -12.90% |
| S3 | 22.00 | -16.54% |
FAQ
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