Kuzugrup Gayrimenkul Yatirim Ortakligi Stock Forecast
Stronger technical forecast for Kuzugrup Gayrimenkul Yatirim Ortakligi stock price after Friday trading.
(Updated on Jun 21, 2024)
The Kuzugrup Gayrimenkul Yatirim Ortakligi stock price gained 0.0929% on the last trading day (Friday, 21st Jun 2024), rising from TRY 21.54 to TRY 21.56. It has now gained 4 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 1.49% from a day low at TRY 21.46 to a day high of TRY 21.78. The price has risen in 6 of the last 10 days and is up by 2.57% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 353 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately TRY 26.26 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 -6.96% during the next 3 months and, with a 90% probability hold a price between TRY 19.06 and TRY 23.30 at the end of this 3-month period.
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KZGYO.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 4.56%. 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). 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 Kuzugrup Gayrimenkul Yatirim Ortakligi 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 22.04. On a fall, the stock will find some support from the short-term average at TRY 21.33. 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.
Support, Risk & Stop-loss for Kuzugrup Gayrimenkul Yatirim Ortakligi stock
Kuzugrup Gayrimenkul Yatirim Ortakligi finds support from accumulated volume at TRY 21.36 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 0.320 between high and low, or 1.49%. For the last week, the stock has had daily average volatility of 2.70%.
Our recommended stop-loss: TRY 20.65 (-4.23%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 39 days ago.)
Trading Expectations (KZGYO.IS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Kuzugrup Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 21.60, and during the day (based on 14 day Average True Range), to move between TRY 20.77 and TRY 22.35, which gives a possible trading interval of +/-TRY 0.785 (+/-3.64%) up or down from last closing price. If Kuzugrup Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 7.29% 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 21.36 (0.93%) than the resistance at TRY 23.00 (6.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kuzugrup Gayrimenkul Yatirim Ortakligi A.S. stock A Buy?
Kuzugrup Gayrimenkul Yatirim Ortakligi 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: 0.431 Hold/Accumulate Upgraded
Predicted Opening Price for Kuzugrup Gayrimenkul Yatirim Ortakligi A.S. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| TRY 21.60 ( 0.186%) | TRY 21.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KZGYO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.92 | 1.67% |
| R2 | 21.80 | 1.10% |
| R1 | 21.72 | 0.753% |
| Price | 21.56 | |
| S1 | 21.48 | -0.381% |
| S2 | 21.40 | -0.732% |
| S3 | 21.28 | -1.30% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.94 | 20.32% |
| R2 | 23.20 | 7.61% |
| R1 | 23.00 | 6.68% |
| Price | 21.56 | |
| S1 | 21.36 | -0.93% |
| S2 | 21.12 | -2.04% |
| S3 | 21.04 | -2.41% |
FAQ
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