Kuyumcukent Gayrimenkul Yatirimlari A.S. Stock Forecast
Green day on Friday for Kuyumcukent Gayrimenkul Yatirimlari A.S. stock after gaining 1.00%
(Updated on May 31, 2024)
The Kuyumcukent Gayrimenkul Yatirimlari A.S. stock price gained 1.00% on the last trading day (Friday, 31st May 2024), rising from TRY 48.12 to TRY 48.60. During the last trading day the stock fluctuated 2.10% from a day low at TRY 47.60 to a day high of TRY 48.60. The price has fallen in 7 of the last 10 days and is down by -11.64% for this period. Volume fell on the last day by -741 thousand shares and in total, 909 thousand shares were bought and sold for approximately TRY 44.17 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.75% during the next 3 months and, with a 90% probability hold a price between TRY 50.31 and TRY 62.22 at the end of this 3-month period.
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KUYAS.IS Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Kuyumcukent Gayrimenkul Yatirimlari A.S. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at TRY 50.01 and TRY 50.82. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -13.29%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Kuyumcukent Gayrimenkul Yatirimlari A.S. stock
Kuyumcukent Gayrimenkul Yatirimlari A.S. finds support from accumulated volume at TRY 47.98 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 1.00 between high and low, or 2.10%. For the last week, the stock has had daily average volatility of 2.96%.
Kuyumcukent Gayrimenkul Yatirimlari A.S. is oversold on RSI14 (7). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KUYAS.IS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Kuyumcukent Gayrimenkul Yatirimlari A.S. to open at TRY 48.27, and during the day (based on 14 day Average True Range), to move between TRY 46.58 and TRY 50.62, which gives a possible trading interval of +/-TRY 2.02 (+/-4.16%) up or down from last closing price. If Kuyumcukent Gayrimenkul Yatirimlari A.S. takes out the full calculated possible swing range there will be an estimated 8.32% 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 47.98 (1.28%) than the resistance at TRY 50.00 (2.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kuyumcukent Gayrimenkul Yatirimlari A.S. stock A Buy?
The Kuyumcukent Gayrimenkul Yatirimlari A.S. stock holds several negative signals and despite the positive trend, we believe Kuyumcukent Gayrimenkul Yatirimlari A.S. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.755 Sell Candidate Unchanged
Predicted Opening Price for Kuyumcukent Gayrimenkul Yatirimlari A.S. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| TRY 48.27 ( 0.686%) | TRY 48.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KUYAS.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.27 | 1.37 % | |
| R2 | 48.88 | 0.586 % | ||
| R1 | 48.65 | 0.100 % | ||
| Current price: | 48.60 | |||
| Support | S1 | 47.88 | -1.47 % | |
| S2 | 47.65 | -1.96 % | ||
| S3 | 47.27 | -2.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.50 | 10.08 % | |
| R2 | 52.15 | 7.30 % | ||
| R1 | 50.00 | 2.88 % | ||
| Current price | 48.60 | |||
| Support | S1 | 47.98 | -1.28% | |
| S2 | 47.12 | -3.05% | ||
| S3 | 45.12 | -7.16% |
FAQ
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