Ral Yatirim Holding A.S. Stock Forecast

Ral Yatirim Holding A.S. stock price up 1.82% on Friday
(Updated on May 03, 2024)

RALYH.IS Signals & Forecast

The Ral Yatirim Holding A.S. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at TRY 188.73 and TRY 146.76. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -1.75%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Ral Yatirim Holding A.S. stock

Ral Yatirim Holding A.S. finds support from accumulated volume at TRY 187.00 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 5.00 between high and low, or 2.69%. For the last week, the stock has had daily average volatility of 4.50%.

Our recommended stop-loss: TRY 183.71 (-3.51%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (RALYH.IS) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Ral Yatirim Holding A.S. to open at TRY 189.20, and during the day (based on 14 day Average True Range), to move between TRY 182.64 and TRY 198.16, which gives a possible trading interval of +/-TRY 7.76 (+/-4.08%) up or down from last closing price. If Ral Yatirim Holding A.S. takes out the full calculated possible swing range there will be an estimated 8.15% 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 191.00 (0.32%) than the support at TRY 187.00 (1.79%), 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 Ral Yatirim Holding A.S. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ral Yatirim Holding A.S. stock to perform well in the short-term.

Current score: 2.646 Buy Candidate Unchanged

Predicted Opening Price for Ral Yatirim Holding A.S. of Monday, May 6, 2024

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