Mistral Gayrimenkul Yatirim Ortakligi Stock Forecast
Mistral Gayrimenkul Yatirim Ortakligi stock price down 1.90% on Monday
(Updated on May 13, 2024)
The Mistral Gayrimenkul Yatirim Ortakligi stock price fell by -1.90% on the last day (Monday, 13th May 2024) from TRY 15.29 to TRY 15.00. During the last trading day the stock fluctuated 3.88% from a day low at TRY 14.70 to a day high of TRY 15.27. The price has risen in 6 of the last 10 days and is up by 5.56% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 1 million shares were bought and sold for approximately TRY 22.38 million.
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 -10.29% during the next 3 months and, with a 90% probability hold a price between TRY 10.72 and TRY 14.30 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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MSGYO.IS Signals & Forecast
The Mistral Gayrimenkul Yatirim Ortakligi 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 14.79 and TRY 13.89. A breakdown below any of these levels will issue sell signals. 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 Friday, May 10, 2024, and so far it has fallen -1.90%. 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 Mistral Gayrimenkul Yatirim Ortakligi stock
Mistral Gayrimenkul Yatirim Ortakligi finds support from accumulated volume at TRY 14.85 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 0.570 between high and low, or 3.88%. For the last week, the stock has had daily average volatility of 4.89%.
Our recommended stop-loss: TRY 14.33 (-4.48%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (MSGYO.IS) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Mistral Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 14.99, and during the day (based on 14 day Average True Range), to move between TRY 14.32 and TRY 15.68, which gives a possible trading interval of +/-TRY 0.676 (+/-4.51%) up or down from last closing price. If Mistral Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 9.01% 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 14.85 (1.00%) than the resistance at TRY 16.16 (7.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Mistral Gayrimenkul Yatirim Ortakligi 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: 1.719 Buy Candidate Unchanged
Predicted Opening Price for Mistral Gayrimenkul Yatirim Ortakligi A.S. of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| TRY 14.99 ( 0.0667%) | TRY 15.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MSGYO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.56 | 3.73 % | |
| R2 | 15.34 | 2.28 % | ||
| R1 | 15.21 | 1.38 % | ||
| Current price: | 15.00 | |||
| Support | S1 | 14.77 | -1.52 % | |
| S2 | 14.64 | -2.42 % | ||
| S3 | 14.42 | -3.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.36 | 15.73 % | |
| R2 | 16.78 | 11.87 % | ||
| R1 | 16.16 | 7.73 % | ||
| Current price | 15.00 | |||
| Support | S1 | 14.85 | -1.00% | |
| S2 | 14.72 | -1.87% | ||
| S3 | 14.71 | -1.93% |
FAQ
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