Is Yatirim Ortakligi A.S. Stock Forecast
Stronger technical forecast for Is Yatirim Ortakligi A.S. stock price after Friday trading.
(Updated on May 17, 2024)
The Is Yatirim Ortakligi A.S. stock price gained 2.97% on the last trading day (Friday, 17th May 2024), rising from TRY 10.44 to TRY 10.75. 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 3.93% from a day low at TRY 10.42 to a day high of TRY 10.83. The price has fallen in 7 of the last 10 days and is down by -2.98% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately TRY 33.34 million.
The stock lies in the middle of a 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 -15.14% during the next 3 months and, with a 90% probability hold a price between TRY 8.62 and TRY 9.58 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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ISYAT.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 4.78%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Is Yatirim Ortakligi 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 10.92. On a fall, the stock will find some support from the short-term average at TRY 10.48. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Is Yatirim Ortakligi A.S. stock
Is Yatirim Ortakligi A.S. finds support from accumulated volume at TRY 10.70 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 0.410 between high and low, or 3.93%. For the last week, the stock has had daily average volatility of 3.35%.
Our recommended stop-loss: TRY 10.26 (-4.54%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (ISYAT.IS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Is Yatirim Ortakligi A.S. to open at TRY 10.67, and during the day (based on 14 day Average True Range), to move between TRY 10.41 and TRY 11.09, which gives a possible trading interval of +/-TRY 0.341 (+/-3.17%) up or down from last closing price. If Is Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 6.34% 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 10.70 (0.47%) than the resistance at TRY 11.03 (2.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Is Yatirim Ortakligi A.S. stock A Buy?
Is Yatirim Ortakligi 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.007 Hold/Accumulate Upgraded
Predicted Opening Price for Is Yatirim Ortakligi A.S. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| TRY 10.67 ( 0.775%) | TRY 10.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ISYAT.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.08 | 3.04 % | |
| R2 | 10.92 | 1.58 % | ||
| R1 | 10.82 | 0.682 % | ||
| Current price: | 10.75 | |||
| Support | S1 | 10.51 | -2.23 % | |
| S2 | 10.41 | -3.13 % | ||
| S3 | 10.26 | -4.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.93 | 20.28 % | |
| R2 | 12.12 | 12.74 % | ||
| R1 | 11.03 | 2.60 % | ||
| Current price | 10.75 | |||
| Support | S1 | 10.70 | -0.465% | |
| S2 | 10.66 | -0.84% | ||
| S3 | 10.26 | -4.56% |
FAQ
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