Ozak Gayrimenkul Yatirim Ortakligi A.S. Stock Forecast
Evaluation of Ozak Gayrimenkul Yatirim Ortakligi A.S. stock downgraded after the last trading session.
(Updated on Apr 26, 2024)
The Ozak Gayrimenkul Yatirim Ortakligi A.S. stock price fell by -3.50% on the last day (Friday, 26th Apr 2024) from TRY 8.85 to TRY 8.54. During the last trading day the stock fluctuated 2.50% from a day low at TRY 8.40 to a day high of TRY 8.61. The price has been going up and down for this period, and there has been a -1.27% loss for the last 2 weeks. Volume has increased on the last day by 27 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 41 million shares were bought and sold for approximately TRY 352.03 million.
The stock lies in the middle of a 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 -14.45% during the next 3 months and, with a 90% probability hold a price between TRY 6.42 and TRY 7.74 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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OZKGY.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 9.07%. 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. The Ozak Gayrimenkul Yatirim Ortakligi 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 8.60. On a fall, the stock will find some support from the short-term average at TRY 8.47. 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. 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 Ozak Gayrimenkul Yatirim Ortakligi A.S. stock
Ozak Gayrimenkul Yatirim Ortakligi A.S. finds support from accumulated volume at TRY 8.27 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 0.210 between high and low, or 2.50%. For the last week, the stock has had daily average volatility of 3.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OZKGY.IS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Ozak Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 8.52, and during the day (based on 14 day Average True Range), to move between TRY 8.17 and TRY 8.91, which gives a possible trading interval of +/-TRY 0.369 (+/-4.32%) up or down from last closing price. If Ozak Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 8.64% 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 8.65 (1.29%) than the support at TRY 8.27 (3.16%), 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 Ozak Gayrimenkul Yatirim Ortakligi A.S. stock A Buy?
Ozak Gayrimenkul Yatirim Ortakligi A.S. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. 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 Sell candidate.
Current score: -1.865 Sell Candidate Downgraded
Predicted Opening Price for Ozak Gayrimenkul Yatirim Ortakligi A.S. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| TRY 8.52 ( 0.273%) | TRY 8.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OZKGY.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.73 | 2.19 % | |
| R2 | 8.65 | 1.25 % | ||
| R1 | 8.60 | 0.666 % | ||
| Current price: | 8.54 | |||
| Support | S1 | 8.44 | -1.21 % | |
| S2 | 8.39 | -1.79 % | ||
| S3 | 8.31 | -2.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.98 | 16.86 % | |
| R2 | 9.80 | 14.75 % | ||
| R1 | 8.65 | 1.29 % | ||
| Current price | 8.54 | |||
| Support | S1 | 8.27 | -3.16% | |
| S2 | 8.21 | -3.86% | ||
| S3 | 7.93 | -7.14% |
FAQ
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