QUA Granite Hayal Yapi ve Ürünleri Stock Forecast
QUA Granite Hayal Yapi ve Ürünleri stock price ended at TRY 4.10 on Friday, after gaining 0.244%.
(Updated on May 17, 2024)
The QUA Granite Hayal Yapi ve Ürünleri stock price gained 0.244% on the last trading day (Friday, 17th May 2024), rising from TRY 4.09 to TRY 4.10. During the last trading day the stock fluctuated 1.23% from a day low at TRY 4.08 to a day high of TRY 4.13. The price has fallen in 6 of the last 10 days and is down by -7.87% for this period. Volume fell on the last day by -548 thousand shares and in total, 28 million shares were bought and sold for approximately TRY 116.17 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect QUA Granite Hayal Yapi ve Ürünleri stock with a 90% probability to be traded between TRY 3.72 and TRY 4.61 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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QUAGR.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 1.49%. Further rise is indicated until a new top pivot has been found. 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. The QUA Granite Hayal Yapi ve Ürünleri stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at TRY 4.20 and TRY 4.14. 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 QUA Granite Hayal Yapi ve Ürünleri stock
QUA Granite Hayal Yapi ve Ürünleri finds support from accumulated volume at TRY 4.09 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 0.0500 between high and low, or 1.23%. For the last week, the stock has had daily average volatility of 3.34%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (QUAGR.IS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect QUA Granite Hayal Yapi ve Ürünleri Sanayi Ticaret A.S. to open at TRY 4.10, and during the day (based on 14 day Average True Range), to move between TRY 3.92 and TRY 4.28, which gives a possible trading interval of +/-TRY 0.176 (+/-4.30%) up or down from last closing price. If QUA Granite Hayal Yapi ve Ürünleri Sanayi Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 8.61% 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 4.09 (0.24%) than the resistance at TRY 4.22 (2.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is QUA Granite Hayal Yapi ve Ürünleri Sanayi Ticaret A.S. stock A Buy?
QUA Granite Hayal Yapi ve Ürünleri holds several negative signals and is within a 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: -2.459 Sell Candidate Unchanged
Predicted Opening Price for QUA Granite Hayal Yapi ve Ürünleri Sanayi Ticaret A.S. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| TRY 4.10 ( 0.0813%) | TRY 4.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QUAGR.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.15 | 1.30 % | |
| R2 | 4.13 | 0.83 % | ||
| R1 | 4.12 | 0.547 % | ||
| Current price: | 4.10 | |||
| Support | S1 | 4.08 | -0.385 % | |
| S2 | 4.07 | -0.672 % | ||
| S3 | 4.05 | -1.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.69 | 14.39 % | |
| R2 | 4.45 | 8.54 % | ||
| R1 | 4.22 | 2.93 % | ||
| Current price | 4.10 | |||
| Support | S1 | 4.09 | -0.244% | |
| S2 | 4.04 | -1.46% | ||
| S3 | 4.03 | -1.71% |
FAQ
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