SUR TATIL EVLERI GMYO Stock Forecast
Red day on Friday for SUR TATIL EVLERI GMYO
(Updated on May 31, 2024)
The SUR TATIL EVLERI GMYO stock price fell by -0.82% on the last day (Friday, 31st May 2024) from TRY 54.70 to TRY 54.25. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.76% from a day low at TRY 54.25 to a day high of TRY 55.75. The price has risen in 5 of the last 10 days and is up by 5.54% over the past 2 weeks. 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 -4 million shares and in total, 2 million shares were bought and sold for approximately TRY 126.77 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 24.09% during the next 3 months and, with a 90% probability hold a price between TRY 57.10 and TRY 70.18 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SURGY.IS Signals & Forecast
The SUR TATIL EVLERI GMYO stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 55.07. On a fall, the stock will find some support from the long-term average at approximately TRY 49.50. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -3.13%. Further fall is indicated until a new bottom pivot has been found. 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 SUR TATIL EVLERI GMYO stock
SUR TATIL EVLERI GMYO finds support from accumulated volume at TRY 52.40 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 1.50 between high and low, or 2.76%. For the last week, the stock has had daily average volatility of 4.06%.
Our recommended stop-loss: TRY 51.81 (-4.50%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (SURGY.IS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect SUR TATIL EVLERI GMYO to open at TRY 54.75, and during the day (based on 14 day Average True Range), to move between TRY 52.14 and TRY 56.36, which gives a possible trading interval of +/-TRY 2.11 (+/-3.89%) up or down from last closing price. If SUR TATIL EVLERI GMYO takes out the full calculated possible swing range there will be an estimated 7.78% 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 54.70 (0.83%) than the support at TRY 52.40 (3.41%), 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 SUR TATIL EVLERI GMYO 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 SUR TATIL EVLERI GMYO stock to perform well in the short-term.
Current score: 2.016 Buy Candidate Unchanged
Predicted Opening Price for SUR TATIL EVLERI GMYO of Monday, June 3, 2024
Fair opening price June 3, 2024 | Current price |
---|---|
TRY 54.75 ( 0.92%) | TRY 54.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SURGY.IS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 56.25 | 3.69 % | |
R2 | 55.68 | 2.63 % | ||
R1 | 55.32 | 1.98 % | ||
Current price: | 54.25 | |||
Support | S1 | 54.18 | -0.135 % | |
S2 | 53.82 | -0.787 % | ||
S3 | 53.25 | -1.84 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 56.00 | 3.23 % | |
R2 | 55.45 | 2.21 % | ||
R1 | 54.70 | 0.83 % | ||
Current price | 54.25 | |||
Support | S1 | 52.40 | -3.41% | |
S2 | 50.55 | -6.82% | ||
S3 | 43.00 | -20.74% |
FAQ
Click here for our free guide on how to buy SUR TATIL EVLERI GMYO Stock.