Ihlas Holding A.S. Stock Forecast
On Tuesday, Ihlas Holding A.S. stock price gained an impressive 5.69%
(Updated on Jul 02, 2024)
The Ihlas Holding A.S. stock price gained 5.69% on the last trading day (Tuesday, 2nd Jul 2024), rising from TRY 1.23 to TRY 1.30. During the last trading day the stock fluctuated 8.26% from a day low at TRY 1.21 to a day high of TRY 1.31. The price has fallen in 5 of the last 10 days and is down by -1.52% for this period. Volume fell on the last day by -36 million shares and in total, 106 million shares were bought and sold for approximately TRY 137.73 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 lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 1.24 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 22.67% during the next 3 months and, with a 90% probability hold a price between TRY 1.52 and TRY 2.13 at the end of this 3-month period.
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IHLAS.IS Signals & Forecast
There are mixed signals in the stock today. The Ihlas Holding A.S. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at TRY 1.33. On a fall, the stock will find some support from the short-term average at TRY 1.26. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -18.24%. Further fall is indicated until a new bottom pivot has been found. 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.
Support, Risk & Stop-loss for Ihlas Holding A.S. stock
Ihlas Holding A.S. finds support from accumulated volume at TRY 1.29 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 0.100 between high and low, or 8.26%. For the last week, the stock has had daily average volatility of 6.87%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IHLAS.IS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Ihlas Holding A.S. to open at TRY 1.27, and during the day (based on 14 day Average True Range), to move between TRY 1.22 and TRY 1.38, which gives a possible trading interval of +/-TRY 0.0782 (+/-6.01%) up or down from last closing price. If Ihlas Holding A.S. takes out the full calculated possible swing range there will be an estimated 12.03% 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 1.29 (0.77%) than the resistance at TRY 1.33 (2.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ihlas Holding A.S. stock A Buy?
Ihlas Holding A.S. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.637 Sell Candidate Upgraded
Predicted Opening Price for Ihlas Holding A.S. of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
TRY 1.27 ( 2.05%) | TRY 1.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IHLAS.IS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.37 | 5.64% |
R2 | 1.34 | 2.70% |
R1 | 1.31 | 0.89% |
Price | 1.30 | |
S1 | 1.24 | -4.99% |
S2 | 1.21 | -6.81% |
S3 | 1.17 | -9.74% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.59 | 22.31% |
R2 | 1.35 | 3.85% |
R1 | 1.33 | 2.31% |
Price | 1.30 | |
S1 | 1.29 | -0.769% |
S2 | 1.27 | -2.31% |
S3 | 1.24 | -4.62% |
FAQ
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