Inveo Yatirim Holding Anonim Sirketi Stock Forecast

Evaluation of Inveo Yatirim Holding Anonim Sirketi stock downgraded after the last trading session.
(Updated on May 09, 2024)

INVEO.IS Signals & Forecast

The Inveo Yatirim Holding Anonim Sirketi 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 49.36. On a fall, the stock will find some support from the long-term average at approximately TRY 44.30. 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. 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. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -6.69%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Inveo Yatirim Holding Anonim Sirketi stock

Inveo Yatirim Holding Anonim Sirketi finds support from accumulated volume at TRY 47.88 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 2.19 between high and low, or 4.58%. For the last week, the stock has had daily average volatility of 6.17%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (INVEO.IS) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect Inveo Yatirim Holding Anonim Sirketi to open at TRY 48.62, and during the day (based on 14 day Average True Range), to move between TRY 45.35 and TRY 50.57, which gives a possible trading interval of +/-TRY 2.61 (+/-5.45%) up or down from last closing price. If Inveo Yatirim Holding Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 10.90% 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 47.88 (0.17%) than the resistance at TRY 49.94 (4.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Inveo Yatirim Holding Anonim Sirketi stock A Buy?

Inveo Yatirim Holding Anonim Sirketi 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.217 Sell Candidate Downgraded

Predicted Opening Price for Inveo Yatirim Holding Anonim Sirketi of Friday, May 10, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.