QUA Granite Hayal Yapi ve Ürünleri Stock Forecast

Red day on Friday for QUA Granite Hayal Yapi ve Ürünleri
(Updated on May 10, 2024)

QUAGR.IS Signals & Forecast

The QUA Granite Hayal Yapi ve Ürünleri stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 4.51. On a fall, the stock will find some support from the long-term average at approximately TRY 4.12. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, May 06, 2024, and so far it has fallen -6.58%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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 4.39 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 0.120 between high and low, or 2.73%. For the last week, the stock has had daily average volatility of 6.50%.

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 13th

For the upcoming trading day on Monday, 13th we expect QUA Granite Hayal Yapi ve Ürünleri Sanayi Ticaret A.S. to open at TRY 4.44, and during the day (based on 14 day Average True Range), to move between TRY 4.20 and TRY 4.60, which gives a possible trading interval of +/-TRY 0.200 (+/-4.54%) 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 9.07% 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 4.39 (0.23%) than the resistance at TRY 4.45 (1.14%), 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 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: -1.593 Sell Candidate Unchanged

Predicted Opening Price for QUA Granite Hayal Yapi ve Ürünleri Sanayi Ticaret A.S. of Monday, May 13, 2024

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