Servet Gayrimenkul Yatirim Ortakligi Stock Forecast
Servet Gayrimenkul Yatirim Ortakligi stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 31, 2024)
The Servet Gayrimenkul Yatirim Ortakligi stock price fell by -1.37% on the last day (Friday, 31st May 2024) from TRY 293.00 to TRY 289.00. During the last trading day the stock fluctuated 3.60% from a day low at TRY 284.50 to a day high of TRY 294.75. The price has been going up and down for this period, and there has been a -5.32% loss for the last 2 weeks. Volume has increased on the last day by 18 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 114 thousand shares were bought and sold for approximately TRY 32.92 million.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at TRY 278.19 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Servet Gayrimenkul Yatirim Ortakligi stock with a 90% probability to be traded between TRY 281.15 and TRY 355.05 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SRVGY.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 28, 2024, and so far it has risen 1.40%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 293.50 and TRY 305.63. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
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 3.60%. For the last week, the stock has had daily average volatility of 4.41%.
Our recommended stop-loss: TRY 275.72 (-4.60%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (SRVGY.IS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Servet Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 289.42, and during the day (based on 14 day Average True Range), to move between TRY 272.31 and TRY 305.69, which gives a possible trading interval of +/-TRY 16.69 (+/-5.77%) 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 11.55% 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 (1.38%) than the resistance at TRY 299.25 (3.55%), 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 this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.579 Hold/Accumulate Upgraded
Predicted Opening Price for Servet Gayrimenkul Yatirim Ortakligi A.S. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| TRY 289.42 ( 0.144%) | TRY 289.00 |
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 | 299.67 | 3.69 % | |
| R2 | 295.75 | 2.34 % | ||
| R1 | 293.33 | 1.50 % | ||
| Current price: | 289.00 | |||
| Support | S1 | 285.50 | -1.21 % | |
| S2 | 283.08 | -2.05 % | ||
| S3 | 279.17 | -3.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 307.00 | 6.23 % | |
| R2 | 304.00 | 5.19 % | ||
| R1 | 299.25 | 3.55 % | ||
| Current price | 289.00 | |||
| Support | S1 | 285.00 | -1.38% | |
| S2 | 282.00 | -2.42% | ||
| S3 | 280.75 | -2.85% |
FAQ
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