TAV Havalimanlari Holding A.S. Stock Forecast

Weaker technical forecast for TAV Havalimanlari Holding A.S. as stock downgraded to Hold/Accumulate.
(Updated on May 09, 2024)

TAVHL.IS Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -2.27%. 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). 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 219.41 and TRY 192.61. A breakdown below any of these levels will issue sell signals. 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.

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 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 4.40 between high and low, or 2.03%. For the last week, the stock has had daily average volatility of 2.74%.

Our recommended stop-loss: TRY 211.79 (-3.69%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (TAVHL.IS) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect TAV Havalimanlari Holding A.S. to open at TRY 219.17, and during the day (based on 14 day Average True Range), to move between TRY 212.27 and TRY 227.53, which gives a possible trading interval of +/-TRY 7.63 (+/-3.47%) 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 6.94% 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 220.80 (0.41%) than the support at TRY 174.50 (20.65%), 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 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: 0.042 Hold/Accumulate Downgraded

Predicted Opening Price for TAV Havalimanlari Holding A.S. of Friday, May 10, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.