Nurol Gayrimenkul Yatirim Ortakligi A.S. Stock Forecast

Stronger technical forecast for Nurol Gayrimenkul Yatirim Ortakligi A.S. stock price after Friday trading.
(Updated on May 03, 2024)

NUGYO.IS Signals & Forecast

The Nurol 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 7.60. On a fall, the stock will find some support from the long-term average at approximately TRY 7.07. 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. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 0.95%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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 7.45 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 0.190 between high and low, or 2.57%. For the last week, the stock has had daily average volatility of 3.43%.

Our recommended stop-loss: TRY 7.12 (-4.50%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (NUGYO.IS) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Nurol Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 7.48, and during the day (based on 14 day Average True Range), to move between TRY 7.18 and TRY 7.74, which gives a possible trading interval of +/-TRY 0.281 (+/-3.77%) 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 7.54% 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 7.45 (0.13%) than the resistance at TRY 7.60 (1.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.303 Hold/Accumulate Upgraded

Predicted Opening Price for Nurol Gayrimenkul Yatirim Ortakligi A.S. of Monday, May 6, 2024

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