Ihlas Gazetecilik A.S. Stock Forecast
Red day on Friday for Ihlas Gazetecilik A.S.
(Updated on May 03, 2024)
The Ihlas Gazetecilik A.S. stock price fell by -2.38% on the last day (Friday, 3rd May 2024) from TRY 1.26 to TRY 1.23. During the last trading day the stock fluctuated 4.88% from a day low at TRY 1.23 to a day high of TRY 1.29. The price has fallen in 5 of the last 10 days but is still up by 6.03% over the past 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 -18 million shares and in total, 23 million shares were bought and sold for approximately TRY 28.05 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 -22.66% during the next 3 months and, with a 90% probability hold a price between TRY 0.683 and TRY 1.03 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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IHGZT.IS Signals & Forecast
The Ihlas Gazetecilik 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 1.23 and TRY 1.16. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 4.24%. Further rise is indicated until a new top pivot has been found. 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. 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 Ihlas Gazetecilik A.S. stock
Ihlas Gazetecilik A.S. finds support from accumulated volume at TRY 1.19 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0.0600 between high and low, or 4.88%. For the last week, the stock has had daily average volatility of 4.68%.
Our recommended stop-loss: TRY 1.18 (-4.32%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (IHGZT.IS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Ihlas Gazetecilik A.S. to open at TRY 1.25, and during the day (based on 14 day Average True Range), to move between TRY 1.16 and TRY 1.30, which gives a possible trading interval of +/-TRY 0.0693 (+/-5.64%) up or down from last closing price. If Ihlas Gazetecilik A.S. takes out the full calculated possible swing range there will be an estimated 11.27% 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 1.24 (0.81%) than the support at TRY 1.19 (3.25%), 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 Gazetecilik A.S. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.140 Buy Candidate Unchanged
Predicted Opening Price for Ihlas Gazetecilik A.S. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| TRY 1.25 ( 1.63%) | TRY 1.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IHGZT.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.31 | 6.50 % | |
| R2 | 1.29 | 4.64 % | ||
| R1 | 1.27 | 3.49 % | ||
| Current price: | 1.23 | |||
| Support | S1 | 1.23 | -0.237 % | |
| S2 | 1.21 | -1.39 % | ||
| S3 | 1.19 | -3.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.45 | 17.89 % | |
| R2 | 1.26 | 2.44 % | ||
| R1 | 1.24 | 0.81 % | ||
| Current price | 1.23 | |||
| Support | S1 | 1.19 | -3.25% | |
| S2 | 1.16 | -5.69% | ||
| S3 | 1.09 | -11.38% |
FAQ
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