Seker Gayrimenkul Yatirim Ortakligi A.S. Stock Forecast
Red day on Tuesday for Seker Gayrimenkul Yatirim Ortakligi A.S. stock after losing 3.00%
(Updated on Jun 25, 2024)
The Seker Gayrimenkul Yatirim Ortakligi A.S. stock price fell by -3.00% on the last day (Tuesday, 25th Jun 2024) from TRY 4.33 to TRY 4.20. During the last trading day the stock fluctuated 4.05% from a day low at TRY 4.20 to a day high of TRY 4.37. The price has fallen in 6 of the last 10 days and is down by -8.5% for this period. 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 -700 thousand shares and in total, 7 million shares were bought and sold for approximately TRY 30.71 million.
The stock has broken the very wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at TRY 4.20. A reaction back to this level may hold a second chance to get out before further falls.
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SEGYO.IS Signals & Forecast
There are mixed signals in the stock today. The Seker Gayrimenkul Yatirim Ortakligi A.S. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at TRY 4.32 and TRY 4.63. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 0.478%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Seker Gayrimenkul Yatirim Ortakligi A.S. stock
Seker Gayrimenkul Yatirim Ortakligi A.S. finds support from accumulated volume at TRY 4.18 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 0.170 between high and low, or 4.05%. For the last week, the stock has had daily average volatility of 3.79%.
Our recommended stop-loss: TRY 3.95 (-6.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (SEGYO.IS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Seker Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 4.26, and during the day (based on 14 day Average True Range), to move between TRY 3.97 and TRY 4.43, which gives a possible trading interval of +/-TRY 0.231 (+/-5.51%) up or down from last closing price. If Seker Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 11.01% 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 4.18 (0.48%) than the resistance at TRY 4.82 (14.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Seker Gayrimenkul Yatirim Ortakligi A.S. stock A Buy?
Seker Gayrimenkul Yatirim Ortakligi A.S. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.121 Hold/Accumulate Unchanged
Predicted Opening Price for Seker Gayrimenkul Yatirim Ortakligi A.S. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| TRY 4.26 ( 1.35%) | TRY 4.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SEGYO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.43 | 5.40% |
| R2 | 4.36 | 3.85% |
| R1 | 4.32 | 2.90% |
| Price | 4.20 | |
| S1 | 4.19 | -0.197% |
| S2 | 4.15 | -1.15% |
| S3 | 4.09 | -2.70% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.01 | 19.29% |
| R2 | 4.83 | 15.00% |
| R1 | 4.82 | 14.76% |
| Price | 4.20 | |
| S1 | 4.18 | -0.476% |
| S2 | 4.16 | -0.95% |
| S3 | 4.08 | -2.86% |
FAQ
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