Panora Gayrimenkul Yatirim Ortakligi Stock Forecast

Strong day for Panora Gayrimenkul Yatirim Ortakligi stock price on Friday rising 6.04% to TRY 47.40
(Updated on May 31, 2024)

PAGYO.IS Signals & Forecast

The Panora 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 45.78 and TRY 41.70. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Wednesday, May 22, 2024, and so far it has fallen -3.58%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Panora Gayrimenkul Yatirim Ortakligi stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 44.66 and TRY 40.22. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Panora Gayrimenkul Yatirim Ortakligi finds support just below today's level at TRY 44.66. If this is broken, then the next support from accumulated volume will be at TRY 40.22 and TRY 40.02.

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 3.30 between high and low, or 7.47%. For the last week, the stock has had daily average volatility of 7.05%.

Our recommended stop-loss: TRY 45.59 (-3.82%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 30 days ago.)

Trading Expectations (PAGYO.IS) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Panora Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 46.37, and during the day (based on 14 day Average True Range), to move between TRY 44.99 and TRY 49.81, which gives a possible trading interval of +/-TRY 2.41 (+/-5.08%) up or down from last closing price. If Panora Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 10.16% 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 48.48 (2.28%) than the support at TRY 44.66 (5.78%), 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 Panora Gayrimenkul Yatirim Ortakligi A.S. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Panora Gayrimenkul Yatirim Ortakligi stock to perform well in the short-term.

Current score: 3.492 Buy Candidate Unchanged

Predicted Opening Price for Panora Gayrimenkul Yatirim Ortakligi A.S. of Monday, June 3, 2024

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