Marka Yatirim Holding A.S. Stock Forecast
Marka Yatirim Holding A.S. stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Marka Yatirim Holding A.S. stock price gained 2.93% on the last trading day (Tuesday, 25th Jun 2024), rising from TRY 80.15 to TRY 82.50. During the last trading day the stock fluctuated 5.45% from a day low at TRY 82.50 to a day high of TRY 87.00. The price has fallen in 5 of the last 10 days but is still up by 3.13% over the past 2 weeks. Volume fell on the last day by -25 thousand shares and in total, 51 thousand shares were bought and sold for approximately TRY 4.24 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 very 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 -28.69% during the next 3 months and, with a 90% probability hold a price between TRY 45.30 and TRY 63.87 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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MARKA.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 21.41%. 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 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 Marka Yatirim Holding A.S. 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 87.01. On a fall, the stock will find some support from the short-term average at TRY 80.00. 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 Marka Yatirim Holding A.S. stock
Marka Yatirim Holding A.S. finds support from accumulated volume at TRY 82.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved TRY 4.50 between high and low, or 5.45%. For the last week, the stock has had daily average volatility of 4.07%.
Our recommended stop-loss: TRY 79.61 (-3.50%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (MARKA.IS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Marka Yatirim Holding A.S. to open at TRY 84.00, and during the day (based on 14 day Average True Range), to move between TRY 76.75 and TRY 88.25, which gives a possible trading interval of +/-TRY 5.75 (+/-6.97%) up or down from last closing price. If Marka Yatirim Holding A.S. takes out the full calculated possible swing range there will be an estimated 13.93% 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 82.15 (0.42%) than the resistance at TRY 85.90 (4.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Marka Yatirim Holding A.S. stock A Buy?
Marka Yatirim Holding A.S. 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: -0.496 Hold/Accumulate Upgraded
Predicted Opening Price for Marka Yatirim Holding A.S. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| TRY 84.00 ( 1.82%) | TRY 82.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MARKA.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 88.50 | 7.27% |
| R2 | 86.78 | 5.19% |
| R1 | 85.72 | 3.90% |
| Price | 82.50 | |
| S1 | 82.28 | -0.265% |
| S2 | 81.22 | -1.55% |
| S3 | 79.50 | -3.64% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 101.80 | 23.39% |
| R2 | 95.00 | 15.15% |
| R1 | 85.90 | 4.12% |
| Price | 82.50 | |
| S1 | 82.15 | -0.424% |
| S2 | 80.80 | -2.06% |
| S3 | 67.95 | -17.64% |
FAQ
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