Info Yatirim Menkul Degerler A.S. Stock Forecast
Evaluation of Info Yatirim Menkul Degerler A.S. stock downgraded after the last trading session.
(Updated on May 13, 2024)
The Info Yatirim Menkul Degerler A.S. stock price fell by -4.96% on the last day (Monday, 13th May 2024) from TRY 12.31 to TRY 11.70. During the last trading day the stock fluctuated 7.69% from a day low at TRY 11.70 to a day high of TRY 12.60. The price has been going up and down for this period, and there has been a 0.78% 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 -25 thousand shares and in total, 3 million shares were bought and sold for approximately TRY 30.32 million.
The stock lies the upper part of a very wide and falling 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 12.22 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -29.03% during the next 3 months and, with a 90% probability hold a price between TRY 5.77 and TRY 8.68 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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INFO.IS Signals & Forecast
The Info Yatirim Menkul Degerler A.S. 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 12.11. On a fall, the stock will find some support from the long-term average at approximately TRY 11.52. 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. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 16.65%. 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 Info Yatirim Menkul Degerler A.S. stock
Info Yatirim Menkul Degerler A.S. finds support from accumulated volume at TRY 11.54 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 0.90 between high and low, or 7.69%. For the last week, the stock has had daily average volatility of 4.57%.
Our recommended stop-loss: TRY 11.09 (-5.19%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (INFO.IS) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Info Yatirim Menkul Degerler A.S. to open at TRY 12.00, and during the day (based on 14 day Average True Range), to move between TRY 11.17 and TRY 12.23, which gives a possible trading interval of +/-TRY 0.531 (+/-4.54%) up or down from last closing price. If Info Yatirim Menkul Degerler A.S. takes out the full calculated possible swing range there will be an estimated 9.08% 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 11.54 (1.37%) than the resistance at TRY 11.97 (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 Info Yatirim Menkul Degerler A.S. stock A Buy?
Info Yatirim Menkul Degerler A.S. 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: 0.257 Hold/Accumulate Downgraded
Predicted Opening Price for Info Yatirim Menkul Degerler A.S. of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| TRY 12.00 ( 2.56%) | TRY 11.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INFO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.90 | 10.26 % | |
| R2 | 12.56 | 7.32 % | ||
| R1 | 12.34 | 5.50 % | ||
| Current price: | 11.70 | |||
| Support | S1 | 11.66 | -0.374 % | |
| S2 | 11.44 | -2.19 % | ||
| S3 | 11.10 | -5.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.50 | 23.93 % | |
| R2 | 12.56 | 7.35 % | ||
| R1 | 11.97 | 2.31 % | ||
| Current price | 11.70 | |||
| Support | S1 | 11.54 | -1.37% | |
| S2 | 11.06 | -5.47% | ||
| S3 | 10.16 | -13.16% |
INFO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | TRY 1.00 | 12.15% |
| 2 | May 16, 2017 | May 16, 2017 | May 16, 2017 | TRY 0.0195 | 5.34% |
| 3 | Apr 18, 2016 | Apr 18, 2016 | Apr 18, 2016 | TRY 0.0195 | 9.90% |
FAQ
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