PERA Gayrimenkul Yatirim Ortakligi AS Stock Forecast
PERA Gayrimenkul Yatirim Ortakligi AS stock price ended at TRY 23.00 on Friday, after gaining 3.51%.
(Updated on May 10, 2024)
The PERA Gayrimenkul Yatirim Ortakligi AS stock price gained 3.51% on the last trading day (Friday, 10th May 2024), rising from TRY 22.22 to TRY 23.00. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.25% from a day low at TRY 22.12 to a day high of TRY 23.06. The price has risen in 6 of the last 10 days and is up by 1.05% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 9 million shares were bought and sold for approximately TRY 195.55 million.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is TRY 22.98, a level that may pose a second chance to hit a runner. According to fan-theory TRY 27.88 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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PEGYO.IS Signals & Forecast
The PERA Gayrimenkul Yatirim Ortakligi AS stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at TRY 21.48 and TRY 21.59. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 08, 2024, and so far it has fallen -1.88%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for PERA Gayrimenkul Yatirim Ortakligi AS stock
PERA Gayrimenkul Yatirim Ortakligi AS finds support from accumulated volume at TRY 22.94 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 0.94 between high and low, or 4.25%. For the last week, the stock has had daily average volatility of 4.27%.
Our recommended stop-loss: TRY 22.14 (-3.74%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (PEGYO.IS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect PERA Gayrimenkul Yatirim Ortakligi AS to open at TRY 22.73, and during the day (based on 14 day Average True Range), to move between TRY 21.76 and TRY 24.24, which gives a possible trading interval of +/-TRY 1.24 (+/-5.39%) up or down from last closing price. If PERA Gayrimenkul Yatirim Ortakligi AS takes out the full calculated possible swing range there will be an estimated 10.79% 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 22.94 (0.26%) than the resistance at TRY 23.28 (1.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PERA Gayrimenkul Yatirim Ortakligi AS stock A Buy?
PERA Gayrimenkul Yatirim Ortakligi AS 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.
Current score: 0.790 Hold/Accumulate Unchanged
Predicted Opening Price for PERA Gayrimenkul Yatirim Ortakligi AS of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| TRY 22.73 ( 1.19%) | TRY 23.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PEGYO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.67 | 2.90 % | |
| R2 | 23.31 | 1.34 % | ||
| R1 | 23.09 | 0.373 % | ||
| Current price: | 23.00 | |||
| Support | S1 | 22.37 | -2.75 % | |
| S2 | 22.15 | -3.71 % | ||
| S3 | 21.79 | -5.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.50 | 6.52 % | |
| R2 | 23.44 | 1.91 % | ||
| R1 | 23.28 | 1.22 % | ||
| Current price | 23.00 | |||
| Support | S1 | 22.94 | -0.261% | |
| S2 | 22.02 | -4.26% | ||
| S3 | 21.32 | -7.30% |
FAQ
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