Servet Gayrimenkul Yatirim Ortakligi Stock Forecast
Servet Gayrimenkul Yatirim Ortakligi stock price down 2.05% on Thursday
(Updated on May 09, 2024)
The Servet Gayrimenkul Yatirim Ortakligi stock price fell by -2.05% on the last day (Thursday, 9th May 2024) from TRY 293.00 to TRY 287.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.59% from a day low at TRY 285.75 to a day high of TRY 296.00. The price has fallen in 7 of the last 10 days and is down by -7.04% 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 -85 thousand shares and in total, 79 thousand shares were bought and sold for approximately TRY 22.63 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.45% during the next 3 months and, with a 90% probability hold a price between TRY 253.01 and TRY 333.69 at the end of this 3-month period.
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SRVGY.IS Signals & Forecast
There are few to no technical positive signals at the moment. The Servet Gayrimenkul Yatirim Ortakligi 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 295.89 and TRY 302.06. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -17.82%. 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). 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 Servet Gayrimenkul Yatirim Ortakligi stock
Servet Gayrimenkul Yatirim Ortakligi finds support from accumulated volume at TRY 285.00 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 10.25 between high and low, or 3.59%. For the last week, the stock has had daily average volatility of 4.28%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SRVGY.IS) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Servet Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 289.58, and during the day (based on 14 day Average True Range), to move between TRY 272.55 and TRY 301.45, which gives a possible trading interval of +/-TRY 14.45 (+/-5.04%) up or down from last closing price. If Servet Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 10.07% 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 285.00 (0.70%) than the resistance at TRY 304.00 (5.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Servet Gayrimenkul Yatirim Ortakligi A.S. stock A Buy?
Servet Gayrimenkul Yatirim Ortakligi holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.890 Sell Candidate Unchanged
Predicted Opening Price for Servet Gayrimenkul Yatirim Ortakligi A.S. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| TRY 289.58 ( 0.90%) | TRY 287.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SRVGY.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 299.83 | 4.47 % | |
| R2 | 295.92 | 3.11 % | ||
| R1 | 293.50 | 2.26 % | ||
| Current price: | 287.00 | |||
| Support | S1 | 285.67 | -0.464 % | |
| S2 | 283.25 | -1.31 % | ||
| S3 | 279.33 | -2.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 315.50 | 9.93 % | |
| R2 | 307.00 | 6.97 % | ||
| R1 | 304.00 | 5.92 % | ||
| Current price | 287.00 | |||
| Support | S1 | 285.00 | -0.697% | |
| S2 | 282.00 | -1.74% | ||
| S3 | 281.00 | -2.09% |
FAQ
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