Haci Ömer Sabanci Holding A.S. Stock Forecast
Green day on Thursday for Haci Ömer Sabanci Holding A.S.
(Updated on May 02, 2024)
The Haci Ömer Sabanci Holding A.S. stock price gained 0.433% on the last trading day (Thursday, 2nd May 2024), rising from TRY 92.30 to TRY 92.70. During the last trading day the stock fluctuated 3.10% from a day low at TRY 90.20 to a day high of TRY 93.00. The price has risen in 7 of the last 10 days and is up by 10.69% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 million more shares were traded than the day before. In total, 33 million shares were bought and sold for approximately TRY 3.06 billion.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at TRY 93.77 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 13.03% during the next 3 months and, with a 90% probability hold a price between TRY 90.73 and TRY 105.99 at the end of this 3-month period.
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SAHOL.IS Signals & Forecast
The Haci Ömer Sabanci 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 90.38 and TRY 83.51. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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, April 29, 2024, and so far it has fallen -0.749%. 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).
Support, Risk & Stop-loss for Haci Ömer Sabanci Holding A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 82.00 and TRY 80.60. 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, Haci Ömer Sabanci Holding A.S. finds support just below today's level at TRY 82.00. If this is broken, then the next support from accumulated volume will be at TRY 80.60 and TRY 76.55.
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 2.80 between high and low, or 3.10%. For the last week, the stock has had daily average volatility of 2.78%.
Our recommended stop-loss: TRY 88.87 (-4.13%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (SAHOL.IS) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Haci Ömer Sabanci Holding A.S. to open at TRY 91.97, and during the day (based on 14 day Average True Range), to move between TRY 89.75 and TRY 95.65, which gives a possible trading interval of +/-TRY 2.95 (+/-3.18%) up or down from last closing price. If Haci Ömer Sabanci Holding A.S. takes out the full calculated possible swing range there will be an estimated 6.36% 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 93.40 (0.76%) than the support at TRY 82.00 (11.54%), 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.
Earnings coming up
Haci Ömer Sabanci Holding A.S. will release earnings BMO on Monday, May 06, 2024. We will update the financials statements for Haci Ömer Sabanci Holding A.S., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.50% in the first trading day after earnings release.
Is Haci Ömer Sabanci 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 Haci Ömer Sabanci Holding A.S. stock to perform well in the short-term.
Current score: 3.179 Buy Candidate Unchanged
Predicted Opening Price for Haci Ömer Sabanci Holding A.S. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| TRY 91.97 ( 0.791%) | TRY 92.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAHOL.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 94.77 | 2.23 % | |
| R2 | 93.70 | 1.08 % | ||
| R1 | 93.04 | 0.363 % | ||
| Current price: | 92.70 | |||
| Support | S1 | 90.90 | -1.94 % | |
| S2 | 90.24 | -2.66 % | ||
| S3 | 89.17 | -3.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 93.40 | 0.755 % | ||
| Current price | 92.70 | |||
| Support | S1 | 82.00 | -11.54% | |
| S2 | 80.60 | -13.05% | ||
| S3 | 76.55 | -17.42% |
SAHOL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | May 06, 2024 | TRY 2.94 | 3.17% |
| 2 | Apr 03, 2023 | Apr 03, 2023 | Apr 03, 2023 | TRY 1.75 | 4.59% |
| 3 | Apr 01, 2022 | Apr 01, 2022 | Apr 01, 2022 | TRY 0.750 | 4.39% |
| 4 | Apr 05, 2021 | Apr 05, 2021 | Apr 05, 2021 | TRY 0.350 | 3.95% |
| 5 | Apr 01, 2020 | Apr 01, 2020 | Apr 01, 2020 | TRY 0.330 | 4.64% |
FAQ
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