Ral Yatirim Holding A.S. Stock Forecast
Ral Yatirim Holding A.S. stock price ended at TRY 197.90 on Friday, after gaining 0.457%.
(Updated on May 24, 2024)
The Ral Yatirim Holding A.S. stock price gained 0.457% on the last trading day (Friday, 24th May 2024), rising from TRY 197.00 to TRY 197.90. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.66% from a day low at TRY 193.90 to a day high of TRY 201.00. The price has been going up and down for this period, and there has been a -3.89% loss for the last 2 weeks. Volume fell on the last day by -56 thousand shares and in total, 190 thousand shares were bought and sold for approximately TRY 37.68 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 lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 197.56 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 124.15% during the next 3 months and, with a 90% probability hold a price between TRY 442.84 and TRY 509.34 at the end of this 3-month period.
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RALYH.IS Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -3.89%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 196.39 and TRY 178.00. A breakdown below any of these levels will issue sell signals. 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.
Support, Risk & Stop-loss for Ral Yatirim Holding A.S. stock
Ral Yatirim Holding A.S. finds support from accumulated volume at TRY 195.50 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 7.10 between high and low, or 3.66%. For the last week, the stock has had daily average volatility of 5.60%.
Our recommended stop-loss: TRY 188.29 (-4.86%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 39 days ago.)
Trading Expectations (RALYH.IS) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Ral Yatirim Holding A.S. to open at TRY 197.60, and during the day (based on 14 day Average True Range), to move between TRY 188.97 and TRY 206.83, which gives a possible trading interval of +/-TRY 8.93 (+/-4.51%) 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 9.02% 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 195.50 (1.21%) than the resistance at TRY 200.30 (1.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: 1.744 Buy Candidate Unchanged
Predicted Opening Price for Ral Yatirim Holding A.S. of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| TRY 197.60 ( 0.152%) | TRY 197.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RALYH.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 204.70 | 3.44 % | |
| R2 | 201.99 | 2.07 % | ||
| R1 | 200.31 | 1.22 % | ||
| Current price: | 197.90 | |||
| Support | S1 | 194.89 | -1.52 % | |
| S2 | 193.21 | -2.37 % | ||
| S3 | 190.50 | -3.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 203.00 | 2.58 % | |
| R2 | 202.50 | 2.32 % | ||
| R1 | 200.30 | 1.21 % | ||
| Current price | 197.90 | |||
| Support | S1 | 195.50 | -1.21% | |
| S2 | 193.00 | -2.48% | ||
| S3 | 187.00 | -5.51% |
FAQ
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