Kiler Gayrimenkul Yatirim Ortakligi A.S. Stock Forecast

Kiler Gayrimenkul Yatirim Ortakligi A.S. stock price down 2.07% on Friday
(Updated on Jun 21, 2024)

KLGYO.IS Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 9.65%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Kiler Gayrimenkul 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 5.91. On a fall, the stock will find some support from the short-term average at TRY 5.43. 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). 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 Kiler Gayrimenkul Yatirim Ortakligi A.S. stock

Kiler Gayrimenkul Yatirim Ortakligi A.S. finds support from accumulated volume at TRY 5.61 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 0.220 between high and low, or 3.91%. For the last week, the stock has had daily average volatility of 6.36%.

Our recommended stop-loss: TRY 5.39 (-5.17%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 25 days ago.)

Trading Expectations (KLGYO.IS) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Kiler Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 5.72, and during the day (based on 14 day Average True Range), to move between TRY 5.35 and TRY 6.01, which gives a possible trading interval of +/-TRY 0.335 (+/-5.90%) up or down from last closing price. If Kiler Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 11.79% 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 5.61 (1.23%) than the resistance at TRY 6.33 (11.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Kiler Gayrimenkul Yatirim Ortakligi A.S. stock A Buy?

Kiler Gayrimenkul 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.

Current score: -0.715 Hold/Accumulate Unchanged

Predicted Opening Price for Kiler Gayrimenkul Yatirim Ortakligi A.S. of Monday, June 24, 2024

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