Kuzugrup Gayrimenkul Yatirim Ortakligi Stock Forecast
Kuzugrup Gayrimenkul Yatirim Ortakligi stock price ended at TRY 21.06 on Thursday, after gaining 0.477%.
(Updated on Jun 27, 2024)
The Kuzugrup Gayrimenkul Yatirim Ortakligi stock price gained 0.477% on the last trading day (Thursday, 27th Jun 2024), rising from TRY 20.96 to TRY 21.06. During the last trading day the stock fluctuated 1.43% from a day low at TRY 20.92 to a day high of TRY 21.22. The price has risen in 6 of the last 10 days but is still down by -4.71% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 210 thousand more shares were traded than the day before. In total, 979 thousand shares were bought and sold for approximately TRY 20.61 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 20.29 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.63% during the next 3 months and, with a 90% probability hold a price between TRY 18.54 and TRY 22.45 at the end of this 3-month period.
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KZGYO.IS Signals & Forecast
There are mixed signals in the stock today. The Kuzugrup Gayrimenkul Yatirim Ortakligi 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 21.33 and TRY 21.79. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 2.13%. 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.
Support, Risk & Stop-loss for Kuzugrup Gayrimenkul Yatirim Ortakligi stock
Kuzugrup Gayrimenkul Yatirim Ortakligi finds support from accumulated volume at TRY 21.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved TRY 0.300 (1.43%) between high and low. For the last week, the stock has had daily average volatility of 2.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KZGYO.IS) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Kuzugrup Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 21.07, and during the day (based on 14 day Average True Range), to move between TRY 20.35 and TRY 21.77, which gives a possible trading interval of +/-TRY 0.706 (+/-3.35%) 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 6.70% 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 21.04 (0.09%) than the resistance at TRY 23.20 (10.16%), 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 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.
Current score: -3.461 Sell Candidate Unchanged
Predicted Opening Price for Kuzugrup Gayrimenkul Yatirim Ortakligi A.S. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| TRY 21.07 ( 0.0317%) | TRY 21.06 |
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 | 21.37 | 1.46% |
| R2 | 21.25 | 0.91% |
| R1 | 21.18 | 0.576% |
| Price | 21.06 | |
| S1 | 20.95 | -0.513% |
| S2 | 20.88 | -0.85% |
| S3 | 20.77 | -1.39% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.32 | 24.98% |
| R2 | 25.94 | 23.17% |
| R1 | 23.20 | 10.16% |
| Price | 21.06 | |
| S1 | 21.04 | -0.0950% |
| S2 | 20.64 | -1.99% |
| S3 | 20.62 | -2.09% |
FAQ
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