Logo Yazilim Sanayi ve Ticaret A.S. Stock Forecast
Green day on Friday for Logo Yazilim Sanayi ve Ticaret A.S. stock after gaining 4.79%
(Updated on May 10, 2024)
The Logo Yazilim Sanayi ve Ticaret A.S. stock price gained 4.79% on the last trading day (Friday, 10th May 2024), rising from TRY 88.75 to TRY 93.00. During the last trading day the stock fluctuated 6.84% from a day low at TRY 87.05 to a day high of TRY 93.00. The price has fallen in 6 of the last 10 days but is still up by 1.53% 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, 304 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately TRY 127.10 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at TRY 98.09 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -17.91% during the next 3 months and, with a 90% probability hold a price between TRY 55.79 and TRY 80.52 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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LOGO.IS Signals & Forecast
The Logo Yazilim Sanayi ve Ticaret A.S. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at TRY 88.91 and TRY 85.25. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 21.89%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Logo Yazilim Sanayi ve Ticaret A.S. stock
Logo Yazilim Sanayi ve Ticaret A.S. finds support from accumulated volume at TRY 92.75 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 5.95 between high and low, or 6.84%. For the last week, the stock has had daily average volatility of 4.02%.
Our recommended stop-loss: TRY 88.85 (-4.47%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (LOGO.IS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Logo Yazilim Sanayi ve Ticaret A.S. to open at TRY 91.02, and during the day (based on 14 day Average True Range), to move between TRY 88.94 and TRY 97.06, which gives a possible trading interval of +/-TRY 4.06 (+/-4.37%) up or down from last closing price. If Logo Yazilim Sanayi ve Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 8.73% 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 92.75 (0.27%) than the resistance at TRY 110.00 (18.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Logo Yazilim Sanayi ve Ticaret A.S. stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 3.788 Buy Candidate Unchanged
Predicted Opening Price for Logo Yazilim Sanayi ve Ticaret A.S. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| TRY 91.02 ( 2.13%) | TRY 93.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LOGO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 96.97 | 4.27 % | |
| R2 | 94.69 | 1.82 % | ||
| R1 | 93.29 | 0.311 % | ||
| Current price: | 93.00 | |||
| Support | S1 | 88.74 | -4.58 % | |
| S2 | 87.34 | -6.09 % | ||
| S3 | 85.07 | -8.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 115.50 | 24.19 % | |
| R2 | 112.00 | 20.43 % | ||
| R1 | 110.00 | 18.28 % | ||
| Current price | 93.00 | |||
| Support | S1 | 92.75 | -0.269% | |
| S2 | 91.00 | -2.15% | ||
| S3 | 82.00 | -11.83% |
LOGO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 24, 2023 | May 24, 2023 | May 24, 2023 | TRY 1.50 | 3.03% |
| 2 | May 16, 2022 | May 16, 2022 | May 16, 2022 | TRY 0.90 | 2.13% |
| 3 | Apr 20, 2022 | Apr 20, 2022 | Apr 20, 2022 | TRY 0.90 | 1.89% |
| 4 | Apr 19, 2021 | Apr 19, 2021 | Apr 19, 2021 | TRY 0.300 | 0.787% |
| 5 | May 26, 2015 | May 26, 2015 | May 26, 2015 | TRY 0.150 | 2.36% |
FAQ
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