Reysas Gayrimenkul Yatirim Ortakligi Stock Forecast

Red day on Tuesday for Reysas Gayrimenkul Yatirim Ortakligi
(Updated on Jul 02, 2024)

RYGYO.IS Signals & Forecast

The Reysas Gayrimenkul Yatirim Ortakligi 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 51.53 and TRY 41.42. 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). 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 Friday, June 28, 2024, and so far it has fallen -5.23%. 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

On the downside, the stock finds support just below today's level from accumulated volume at TRY 49.80 and TRY 47.10. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Reysas Gayrimenkul Yatirim Ortakligi finds support just below today's level at TRY 49.80. If this is broken, then the next support from accumulated volume will be at TRY 47.10 and TRY 39.50.

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 3.25 between high and low, or 6.31%. For the last week, the stock has had daily average volatility of 6.69%.

Our recommended stop-loss: TRY 49.67 (-5.40%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 80 and this increases the risk substantially. There is a sell signal from a pivot top found 48 days ago.)

Trading Expectations (RYGYO.IS) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Reysas Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 52.92, and during the day (based on 14 day Average True Range), to move between TRY 50.06 and TRY 54.94, which gives a possible trading interval of +/-TRY 2.44 (+/-4.65%) 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 9.29% 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 54.05 (2.95%) than the support at TRY 49.80 (5.14%), 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 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.

Current score: 1.401 Buy Candidate Unchanged

Predicted Opening Price for Reysas Gayrimenkul Yatirim Ortakligi A.S. of Wednesday, July 3, 2024

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