Nurol Gayrimenkul Yatirim Ortakligi A.S. Stock Forecast
Evaluation of Nurol Gayrimenkul Yatirim Ortakligi A.S. stock downgraded after the last trading session.
(Updated on Apr 24, 2024)
The Nurol Gayrimenkul Yatirim Ortakligi A.S. stock price fell by -1.32% on the last day (Wednesday, 24th Apr 2024) from TRY 7.60 to TRY 7.50. During the last trading day the stock fluctuated 5.30% from a day low at TRY 7.36 to a day high of TRY 7.75. The price has risen in 6 of the last 10 days and is up by 18.11% 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 -351 thousand shares and in total, 3 million shares were bought and sold for approximately TRY 23.10 million.
The stock lies the upper part of a 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 7.64 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 -3.45% during the next 3 months and, with a 90% probability hold a price between TRY 6.07 and TRY 7.38 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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NUGYO.IS Signals & Forecast
The Nurol Gayrimenkul Yatirim Ortakligi 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 7.21 and TRY 7.05. 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 Monday, April 22, 2024, and so far it has fallen -1.32%. 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 Nurol Gayrimenkul Yatirim Ortakligi A.S. stock
Nurol Gayrimenkul Yatirim Ortakligi A.S. finds support from accumulated volume at TRY 7.18 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 0.390 between high and low, or 5.30%. For the last week, the stock has had daily average volatility of 4.50%.
Our recommended stop-loss: TRY 7.18 (-4.24%) (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 (NUGYO.IS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Nurol Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 7.54, and during the day (based on 14 day Average True Range), to move between TRY 7.22 and TRY 7.78, which gives a possible trading interval of +/-TRY 0.275 (+/-3.67%) up or down from last closing price. If Nurol Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 7.33% 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 7.53 (0.40%) than the support at TRY 7.18 (4.27%), 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 Nurol Gayrimenkul Yatirim Ortakligi A.S. stock A Buy?
Nurol 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.314 Hold/Accumulate Downgraded
Predicted Opening Price for Nurol Gayrimenkul Yatirim Ortakligi A.S. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| TRY 7.54 ( 0.489%) | TRY 7.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NUGYO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.93 | 5.69 % | |
| R2 | 7.78 | 3.70 % | ||
| R1 | 7.69 | 2.48 % | ||
| Current price: | 7.50 | |||
| Support | S1 | 7.39 | -1.50 % | |
| S2 | 7.30 | -2.72 % | ||
| S3 | 7.15 | -4.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.78 | 3.73 % | |
| R2 | 7.60 | 1.33 % | ||
| R1 | 7.53 | 0.400 % | ||
| Current price | 7.50 | |||
| Support | S1 | 7.18 | -4.27% | |
| S2 | 7.07 | -5.73% | ||
| S3 | 6.88 | -8.27% |
FAQ
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