Marmaris Altinyunus Turistik Tesisler Stock Forecast
Volatile ride for Marmaris Altinyunus Turistik Tesisler stock price on Friday moving between TRY 1,290.00 and TRY 1,460.00
(Updated on May 03, 2024)
The Marmaris Altinyunus Turistik Tesisler stock price gained 4.31% on the last trading day (Friday, 3rd May 2024), rising from TRY 1,346.00 to TRY 1,404.00. During the last trading day the stock fluctuated 13.18% from a day low at TRY 1,290.00 to a day high of TRY 1,460.00. The price has risen in 6 of the last 10 days and is up by 16.23% 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, 34 thousand more shares were traded than the day before. In total, 129 thousand shares were bought and sold for approximately TRY 181.02 million.
The stockis at the upper part of a very wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at TRY 1,443.84 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Marmaris Altinyunus Turistik Tesisler stock with a 90% probability to be traded between TRY 1,078.55 and TRY 1,442.42 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
MAALT.IS Signals & Forecast
Mostly positive signals in the chart today. The Marmaris Altinyunus Turistik Tesisler 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 1,276.71 and TRY 1,230.83. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 30.00%. 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 Marmaris Altinyunus Turistik Tesisler stock
Marmaris Altinyunus Turistik Tesisler finds support from accumulated volume at TRY 1,342.00 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 170.00 between high and low, or 13.18%. For the last week, the stock has had daily average volatility of 6.22%.
Our recommended stop-loss: TRY 1,353.46 (-3.60%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (MAALT.IS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Marmaris Altinyunus Turistik Tesisler Anonim Sirketi to open at TRY 1,384.67, and during the day (based on 14 day Average True Range), to move between TRY 1,332.97 and TRY 1,475.03, which gives a possible trading interval of +/-TRY 71.03 (+/-5.06%) up or down from last closing price. If Marmaris Altinyunus Turistik Tesisler Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 10.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at TRY 1,445.00 (2.92%) than the support at TRY 1,342.00 (4.42%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Marmaris Altinyunus Turistik Tesisler Anonim Sirketi stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Marmaris Altinyunus Turistik Tesisler stock to perform well in the short-term period.
Current score: 3.960 Buy Candidate Unchanged
Predicted Opening Price for Marmaris Altinyunus Turistik Tesisler Anonim Sirketi of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| TRY 1,384.67 ( 1.38%) | TRY 1,404.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MAALT.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,554.67 | 10.73 % | |
| R2 | 1,489.73 | 6.11 % | ||
| R1 | 1,449.61 | 3.25 % | ||
| Current price: | 1,404.00 | |||
| Support | S1 | 1,319.73 | -6.00 % | |
| S2 | 1,279.61 | -8.86 % | ||
| S3 | 1,214.67 | -13.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 1,445.00 | 2.92 % | ||
| Current price | 1,404.00 | |||
| Support | S1 | 1,342.00 | -4.42% | |
| S2 | 1,303.00 | -7.19% | ||
| S3 | 1,202.00 | -14.39% |
FAQ
Click here for our free guide on how to buy Marmaris Altinyunus Turistik Tesisler Anonim Sirketi Stock.
