Sinpas Gayrimenkul Yatirim Ortakligi Stock Forecast
Green day on Friday for Sinpas Gayrimenkul Yatirim Ortakligi stock after gaining 1.92%
(Updated on May 03, 2024)
The Sinpas Gayrimenkul Yatirim Ortakligi stock price gained 1.92% on the last trading day (Friday, 3rd May 2024), rising from TRY 4.68 to TRY 4.77. During the last trading day the stock fluctuated 6.44% from a day low at TRY 4.50 to a day high of TRY 4.79. The price has risen in 7 of the last 10 days and is up by 14.11% over the past 2 weeks. Volume fell on the last day by -6 million shares and in total, 21 million shares were bought and sold for approximately TRY 102.18 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 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 4.89 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 22.98% during the next 3 months and, with a 90% probability hold a price between TRY 4.97 and TRY 6.02 at the end of this 3-month period.
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SNGYO.IS Signals & Forecast
The Sinpas 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 4.67 and TRY 4.25. 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). 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. 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 Wednesday, April 24, 2024, and so far it has fallen -0.625%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Sinpas Gayrimenkul Yatirim Ortakligi stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 4.04 and TRY 3.92. 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, Sinpas Gayrimenkul Yatirim Ortakligi finds support just below today's level at TRY 4.04. If this is broken, then the next support from accumulated volume will be at TRY 3.92 and TRY 3.71.
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 0.290 between high and low, or 6.44%. For the last week, the stock has had daily average volatility of 5.87%.
Our recommended stop-loss: TRY 4.60 (-3.52%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (SNGYO.IS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Sinpas Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 4.69, and during the day (based on 14 day Average True Range), to move between TRY 4.51 and TRY 5.03, which gives a possible trading interval of +/-TRY 0.256 (+/-5.38%) up or down from last closing price. If Sinpas Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 10.75% 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 4.80 (0.63%) than the support at TRY 4.04 (15.30%), 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 Sinpas 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 Sinpas Gayrimenkul Yatirim Ortakligi stock to perform well in the short-term.
Current score: 3.484 Buy Candidate Unchanged
Predicted Opening Price for Sinpas Gayrimenkul Yatirim Ortakligi A.S. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| TRY 4.69 ( 1.75%) | TRY 4.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SNGYO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.98 | 4.33 % | |
| R2 | 4.87 | 2.01 % | ||
| R1 | 4.80 | 0.575 % | ||
| Current price: | 4.77 | |||
| Support | S1 | 4.58 | -4.07 % | |
| S2 | 4.51 | -5.50 % | ||
| S3 | 4.40 | -7.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 4.80 | 0.629 % | ||
| Current price | 4.77 | |||
| Support | S1 | 4.04 | -15.30% | |
| S2 | 3.92 | -17.82% | ||
| S3 | 3.71 | -22.22% |
FAQ
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