Trend Gayrimenkul Yatirim Ortakligi A.S. Stock Forecast

A very red day for Trend Gayrimenkul Yatirim Ortakligi A.S. stock price after a -8.19% fall in the Friday trading session
(Updated on May 03, 2024)

TDGYO.IS Signals & Forecast

A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -21.34%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Trend Gayrimenkul Yatirim Ortakligi A.S. 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 15.18. On a fall, the stock will find some support from the long-term average at approximately TRY 12.75. 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.

Support, Risk & Stop-loss for Trend Gayrimenkul Yatirim Ortakligi A.S. stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 11.90 and TRY 11.84. 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, Trend Gayrimenkul Yatirim Ortakligi A.S. finds support just below today's level at TRY 11.90. If this is broken, then the next support from accumulated volume will be at TRY 11.84 and TRY 11.59.

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 0.83 between high and low, or 6.46%. For the last week, the stock has had daily average volatility of 8.51%.

Our recommended stop-loss: TRY 12.23 (-5.18%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (TDGYO.IS) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Trend Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 13.14, and during the day (based on 14 day Average True Range), to move between TRY 11.76 and TRY 14.04, which gives a possible trading interval of +/-TRY 1.14 (+/-8.84%) up or down from last closing price. If Trend Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 17.69% 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 13.07 (1.32%) than the support at TRY 11.90 (7.75%), 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 Trend Gayrimenkul Yatirim Ortakligi A.S. stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.597 Buy Candidate Upgraded

Predicted Opening Price for Trend Gayrimenkul Yatirim Ortakligi A.S. of Monday, May 6, 2024

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