RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of RYGYO.IS
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Stronger technical forecast for Reysas Gayrimenkul Yatirim Ortakligi stock price after Thursday trading.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 15, 2024 Gain 1.31% PDF

The Reysas Gayrimenkul Yatirim Ortakligi stock price fell by -0.214% on the last day (Thursday, 28th Mar 2024) from TRY 28.00 to TRY 27.94. During the last trading day the stock fluctuated 2.76% from a day low at TRY 27.50 to a day high of TRY 28.26. The price has risen in 6 of the last 10 days and is up by 4.25% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 million shares and in total, 2 million shares were bought and sold for approximately TRY 60.76 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.68% during the next 3 months and, with a 90% probability hold a price between TRY 27.85 and TRY 34.06 at the end of this 3-month period.

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RYGYO.IS Signals & Forecast

The Reysas Gayrimenkul Yatirim Ortakligi 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 28.56. On a fall, the stock will find some support from the long-term average at approximately TRY 26.53. 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 Tuesday, March 19, 2024, and so far it has fallen -7.30%. 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 Reysas Gayrimenkul Yatirim Ortakligi stock

Reysas Gayrimenkul Yatirim Ortakligi finds support from accumulated volume at TRY 27.58 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved TRY 0.760 between high and low, or 2.76%. For the last week, the stock has had daily average volatility of 4.67%.

Our recommended stop-loss: TRY 26.35 (-5.68%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (RYGYO.IS) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect Reysas Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 27.90, and during the day (based on 14 day Average True Range), to move between TRY 26.60 and TRY 29.28, which gives a possible trading interval of +/-TRY 1.34 (+/-4.79%) up or down from last closing price. If Reysas Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 9.58% 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 27.58 (1.29%) than the resistance at TRY 28.32 (1.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Reysas Gayrimenkul Yatirim Ortakligi 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 Reysas Gayrimenkul Yatirim Ortakligi stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.551 Buy Candidate Upgraded

Predicted Opening Price for Reysas Gayrimenkul Yatirim Ortakligi A.S. of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
TRY 27.90 ( 0.143%) TRY 27.94

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

Trading levels for RYGYO.IS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 28.66 2.58 %
R2 28.37 1.54 %
R1 28.19 0.90 %
Current price: 27.94
Support S1 27.61 -1.18 %
S2 27.43 -1.82 %
S3 27.14 -2.86 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 30.14 7.87 %
R2 29.62 6.01 %
R1 28.32 1.36 %
Current price 27.94
Support S1 27.58 -1.29%
S2 27.24 -2.51%
S3 24.58 -12.03%

FAQ

What is the symbol for Reysas Gayrimenkul Yatirim Ortakligi A.S. Stock and on which exchange is it traded?
The symbol for Reysas Gayrimenkul Yatirim Ortakligi A.S. is RYGYO.IS and it is traded on the BIST (Istanbul Stock Exchange).

Should I buy or sell Reysas Gayrimenkul Yatirim Ortakligi A.S. Stock?
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 Reysas Gayrimenkul Yatirim Ortakligi stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Reysas Gayrimenkul Yatirim Ortakligi A.S. Stock?
Reysas Gayrimenkul Yatirim Ortakligi A.S. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Reysas Gayrimenkul Yatirim Ortakligi A.S. Stock.

What's the current price of Reysas Gayrimenkul Yatirim Ortakligi A.S. Stock?
As of the end of day on the 2024-03-28, the price of an Reysas Gayrimenkul Yatirim Ortakligi A.S. (RYGYO.IS) share was TRY 27.94.

What is the 52-week high and low for Reysas Gayrimenkul Yatirim Ortakligi A.S. Stock?
The 52-week high for Reysas Gayrimenkul Yatirim Ortakligi A.S. Stock is TRY 31.60 and the 52-week low is TRY 9.25.
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About Reysas Gayrimenkul Yatirim Ortakligi A.S.

Reysas Gayrimenkul Yatirim Ortakligi A.S. is a privately owned real estate investment trust. It invests in the real estate markets of Turkey. The firm invests in the warehousing market. Reysas Gayrimenkul Yatirim Ortakligi A.S. is based in Istanbul, Turkey.... RYGYO.IS Profile

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