Peker Gayrimenkul Yatirim Ortakligi Stock Forecast
Red day on Tuesday for Peker Gayrimenkul Yatirim Ortakligi
(Updated on Apr 30, 2024)
The Peker Gayrimenkul Yatirim Ortakligi stock price fell by -3.13% on the last day (Tuesday, 30th Apr 2024) from TRY 8.30 to TRY 8.04. During the last trading day the stock fluctuated 4.76% from a day low at TRY 7.98 to a day high of TRY 8.36. The price has fallen in 7 of the last 10 days and is down by -10.96% for this period. 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 -4 million shares and in total, 33 million shares were bought and sold for approximately TRY 263.44 million.
The stock lies in the middle of a very 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 -73.60% during the next 3 months and, with a 90% probability hold a price between TRY 1.13 and TRY 3.37 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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PEKGY.IS Signals & Forecast
There are mixed signals in the stock today. The Peker Gayrimenkul Yatirim Ortakligi stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at TRY 8.09 and TRY 14.33. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 5.79%. 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).
Support, Risk & Stop-loss for Peker Gayrimenkul Yatirim Ortakligi stock
Peker Gayrimenkul Yatirim Ortakligi finds support from accumulated volume at TRY 7.90 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved TRY 0.380 between high and low, or 4.76%. For the last week, the stock has had daily average volatility of 6.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PEKGY.IS) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Peker Gayrimenkul Yatirim Ortakligi Anonim Sirketi to open at TRY 8.13, and during the day (based on 14 day Average True Range), to move between TRY 7.00 and TRY 9.08, which gives a possible trading interval of +/-TRY 1.04 (+/-12.88%) up or down from last closing price. If Peker Gayrimenkul Yatirim Ortakligi Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 25.75% 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 8.13 (1.12%) than the support at TRY 7.90 (1.74%), 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 Peker Gayrimenkul Yatirim Ortakligi Anonim Sirketi stock A Buy?
Peker Gayrimenkul Yatirim Ortakligi 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.
Current score: -2.135 Sell Candidate Unchanged
Predicted Opening Price for Peker Gayrimenkul Yatirim Ortakligi Anonim Sirketi of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| TRY 8.13 ( 1.08%) | TRY 8.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PEKGY.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.51 | 5.80 % | |
| R2 | 8.36 | 4.00 % | ||
| R1 | 8.27 | 2.88 % | ||
| Current price: | 8.04 | |||
| Support | S1 | 7.98 | -0.728 % | |
| S2 | 7.89 | -1.84 % | ||
| S3 | 7.75 | -3.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.95 | 11.32 % | |
| R2 | 8.63 | 7.34 % | ||
| R1 | 8.13 | 1.12 % | ||
| Current price | 8.04 | |||
| Support | S1 | 7.90 | -1.74% | |
| S2 | 7.83 | -2.61% | ||
| S3 | 7.80 | -2.99% |
FAQ
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