Pegasus Hava Tasimaciligi Anonim Sirketi Stock Forecast
Pegasus Hava Tasimaciligi Anonim Sirketi stock price ended at TRY 212.00 on Friday, after gaining 4.85%.
(Updated on May 17, 2024)
The Pegasus Hava Tasimaciligi Anonim Sirketi stock price gained 4.85% on the last trading day (Friday, 17th May 2024), rising from TRY 202.20 to TRY 212.00. During the last trading day the stock fluctuated 4.93% from a day low at TRY 202.70 to a day high of TRY 212.70. The price has fallen in 6 of the last 10 days and is down by -79.6% for this period. 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, 15 million shares were bought and sold for approximately TRY 3.15 billion.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 199.61 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.38% during the next 3 months and, with a 90% probability hold a price between TRY 188.88 and TRY 979.39 at the end of this 3-month period.
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PGSUS.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 5.16%. Further rise is indicated until a new top pivot has been found. 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. The Pegasus Hava Tasimaciligi Anonim Sirketi 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 541.97 and TRY 827.85. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Pegasus Hava Tasimaciligi Anonim Sirketi stock
Pegasus Hava Tasimaciligi Anonim Sirketi finds support from accumulated volume at TRY 204.00 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 10.00 between high and low, or 4.93%. For the last week, the stock has had daily average volatility of 3.52%.
Pegasus Hava Tasimaciligi Anonim Sirketi is oversold on RSI14 (11). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PGSUS.IS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Pegasus Hava Tasimaciligi Anonim Sirketi to open at TRY 209.13, and during the day (based on 14 day Average True Range), to move between TRY 139.38 and TRY 284.62, which gives a possible trading interval of +/-TRY 72.62 (+/-34.25%) up or down from last closing price. If Pegasus Hava Tasimaciligi Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 68.51% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ TRY 204.00, some TRY 8.00 (3.77%) from the current price of TRY 212.00, our system finds the risk reward attractive.
Is Pegasus Hava Tasimaciligi Anonim Sirketi stock A Buy?
Pegasus Hava Tasimaciligi Anonim Sirketi holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.434 Sell Candidate Unchanged
Predicted Opening Price for Pegasus Hava Tasimaciligi Anonim Sirketi of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| TRY 209.13 ( 1.35%) | TRY 212.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PGSUS.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 219.13 | 3.36 % | |
| R2 | 215.31 | 1.56 % | ||
| R1 | 212.95 | 0.450 % | ||
| Current price: | 212.00 | |||
| Support | S1 | 205.31 | -3.15 % | |
| S2 | 202.95 | -4.27 % | ||
| S3 | 199.13 | -6.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 212.00 | |||
| Support | S1 | 204.00 | -3.77% | |
| S2 | 202.20 | -4.62% | ||
| S3 | 201.60 | -4.91% |
FAQ
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