Ihlas Holding A.S. Stock Forecast
Ihlas Holding A.S. stock price up more than 9.85% on Tuesday
(Updated on May 21, 2024)
The Ihlas Holding A.S. stock price gained 9.85% on the last trading day (Tuesday, 21st May 2024), rising from TRY 1.32 to TRY 1.45. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.84% from a day low at TRY 1.37 to a day high of TRY 1.45. The price has risen in 7 of the last 10 days and is up by 12.4% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 73 million more shares were traded than the day before. In total, 142 million shares were bought and sold for approximately TRY 205.68 million.
Given the current short-term trend, the stock is expected to rise 15.23% during the next 3 months and, with a 90% probability hold a price between TRY 1.22 and TRY 1.67 at the end of this 3-month period.
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IHLAS.IS Signals & Forecast
Mostly positive signals in the chart today. The Ihlas Holding 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 1.31 and TRY 1.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 51.04%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Ihlas Holding A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 1.29 and TRY 1.13. 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 Holding A.S. finds support just below today's level at TRY 1.29. If this is broken, then the next support from accumulated volume will be at TRY 1.13 and TRY 1.09.
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 0.0800 between high and low, or 5.84%. For the last week, the stock has had daily average volatility of 4.18%.
Our recommended stop-loss: TRY 1.40 (-3.54%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 66 days ago.)
Trading Expectations (IHLAS.IS) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Ihlas Holding A.S. to open at TRY 1.42, and during the day (based on 14 day Average True Range), to move between TRY 1.39 and TRY 1.51, which gives a possible trading interval of +/-TRY 0.0614 (+/-4.23%) 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 8.47% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ TRY 1.29, some TRY 0.160 (11.03%) from the current price of TRY 1.45, our system finds the risk reward attractive.
Is Ihlas Holding A.S. stock A Buy?
Ihlas Holding A.S. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 7.888 Strong Buy Candidate Upgraded
Predicted Opening Price for Ihlas Holding A.S. of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| TRY 1.42 ( 1.84%) | TRY 1.45 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 1.50 | 3.68 % | |
| R2 | 1.47 | 1.57 % | ||
| R1 | 1.45 | 0.269 % | ||
| Current price: | 1.45 | |||
| Support | S1 | 1.39 | -3.95 % | |
| S2 | 1.37 | -5.25 % | ||
| S3 | 1.34 | -7.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1.45 | |||
| Support | S1 | 1.29 | -11.03% | |
| S2 | 1.13 | -22.07% | ||
| S3 | 1.09 | -24.83% |
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