Marti Gayrimenkul Yatirim Ortakligi A.S. Stock Forecast

Marti Gayrimenkul Yatirim Ortakligi A.S. stock price fell more than -6.01% Monday closing at TRY 6.57
(Updated on May 13, 2024)

MRGYO.IS Signals & Forecast

The Marti Gayrimenkul Yatirim Ortakligi A.S. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 6.78. On a fall, the stock will find some support from the long-term average at approximately TRY 5.44. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -8.88%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Marti Gayrimenkul Yatirim Ortakligi A.S. stock

Marti Gayrimenkul Yatirim Ortakligi A.S. finds support from accumulated volume at TRY 6.52 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved TRY 0.580 between high and low, or 8.88%. For the last week, the stock has had daily average volatility of 8.48%.

Our recommended stop-loss: TRY 6.20 (-5.64%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (MRGYO.IS) For The Upcoming Trading Day Of Tuesday 14th

For the upcoming trading day on Tuesday, 14th we expect Marti Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 6.74, and during the day (based on 14 day Average True Range), to move between TRY 6.10 and TRY 7.04, which gives a possible trading interval of +/-TRY 0.471 (+/-7.17%) up or down from last closing price. If Marti Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 14.35% 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 6.52 (0.76%) than the resistance at TRY 6.80 (3.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Marti Gayrimenkul Yatirim Ortakligi A.S. stock A Buy?

Marti Gayrimenkul Yatirim Ortakligi 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.

Current score: 0.474 Hold/Accumulate Unchanged

Predicted Opening Price for Marti Gayrimenkul Yatirim Ortakligi A.S. of Tuesday, May 14, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.