TAV Havalimanlari Holding A.S. Stock Forecast
A very strong day for TAV Havalimanlari Holding A.S. stock price on Friday
(Updated on Apr 26, 2024)
The TAV Havalimanlari Holding A.S. stock price gained 6.95% on the last trading day (Friday, 26th Apr 2024), rising from TRY 203.00 to TRY 217.10. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 7.05% from a day low at TRY 205.60 to a day high of TRY 220.10. The price has risen in 6 of the last 10 days and is up by 9.92% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 million more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately TRY 1.76 billion.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at TRY 215.06, a level that may pose a second chance to hit a runner. According to fan-theory TRY 245.46 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TAVHL.IS Signals & Forecast
The TAV Havalimanlari Holding A.S. 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 200.13 and TRY 180.52. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 34.34%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for TAV Havalimanlari Holding A.S. stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 174.50 and TRY 169.30. 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, TAV Havalimanlari Holding A.S. finds support just below today's level at TRY 174.50. If this is broken, then the next support from accumulated volume will be at TRY 169.30 and TRY 166.50.
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 14.50 between high and low, or 7.05%. For the last week, the stock has had daily average volatility of 3.84%.
Our recommended stop-loss: TRY 209.41 (-3.54%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (TAVHL.IS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect TAV Havalimanlari Holding A.S. to open at TRY 214.27, and during the day (based on 14 day Average True Range), to move between TRY 209.26 and TRY 224.94, which gives a possible trading interval of +/-TRY 7.84 (+/-3.61%) up or down from last closing price. If TAV Havalimanlari Holding A.S. takes out the full calculated possible swing range there will be an estimated 7.22% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ TRY 174.50, some TRY 42.60 (19.62%) from the current price of TRY 217.10, our system finds the risk reward attractive.
Is TAV Havalimanlari Holding A.S. stock A Buy?
TAV Havalimanlari Holding 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for TAV Havalimanlari Holding A.S. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| TRY 214.27 ( 1.31%) | TRY 217.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TAVHL.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 228.77 | 5.37 % | |
| R2 | 223.23 | 2.82 % | ||
| R1 | 219.81 | 1.25 % | ||
| Current price: | 217.10 | |||
| Support | S1 | 208.73 | -3.86 % | |
| S2 | 205.31 | -5.43 % | ||
| S3 | 199.77 | -7.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 217.10 | |||
| Support | S1 | 174.50 | -19.62% | |
| S2 | 169.30 | -22.02% | ||
| S3 | 166.50 | -23.31% |
TAVHL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 25, 2020 | Mar 25, 2020 | Mar 25, 2020 | TRY 1.08 | 6.75% |
| 2 | Mar 20, 2019 | Mar 20, 2019 | Mar 20, 2019 | TRY 2.09 | 8.94% |
| 3 | Mar 28, 2018 | Mar 28, 2018 | Mar 28, 2018 | TRY 1.12 | 4.66% |
| 4 | Mar 22, 2017 | Mar 22, 2017 | Mar 22, 2017 | TRY 0.683 | 4.79% |
| 5 | Mar 23, 2016 | Mar 23, 2016 | Mar 23, 2016 | TRY 0.96 | 5.83% |
FAQ
Click here for our free guide on how to buy TAV Havalimanlari Holding A.S. Stock.
