Trend Gayrimenkul Yatirim Ortakligi A.S. Stock Forecast
Stronger technical forecast for Trend Gayrimenkul Yatirim Ortakligi A.S. stock price after Friday trading.
(Updated on May 17, 2024)
The Trend Gayrimenkul Yatirim Ortakligi A.S. stock price gained 1.23% on the last trading day (Friday, 17th May 2024), rising from TRY 12.96 to TRY 13.12. It has now gained 5 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 7.57% from a day low at TRY 12.55 to a day high of TRY 13.50. The price has risen in 6 of the last 10 days and is up by 1.71% 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, 3 million more shares were traded than the day before. In total, 14 million shares were bought and sold for approximately TRY 178.82 million.
The stock lies in the middle of a very 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 16.60% during the next 3 months and, with a 90% probability hold a price between TRY 13.18 and TRY 19.84 at the end of this 3-month period.
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TDGYO.IS Signals & Forecast
The Trend Gayrimenkul Yatirim Ortakligi A.S. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at TRY 11.98 and TRY 13.08. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 18.20%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Trend Gayrimenkul Yatirim Ortakligi A.S. stock
Trend Gayrimenkul Yatirim Ortakligi A.S. finds support from accumulated volume at TRY 13.07 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved TRY 0.95 between high and low, or 7.57%. For the last week, the stock has had daily average volatility of 6.18%.
Our recommended stop-loss: TRY 12.55 (-4.34%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (TDGYO.IS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Trend Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 13.06, and during the day (based on 14 day Average True Range), to move between TRY 12.15 and TRY 14.09, which gives a possible trading interval of +/-TRY 0.97 (+/-7.39%) 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 14.79% 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 13.07 (0.38%) than the resistance at TRY 14.05 (7.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Trend Gayrimenkul Yatirim Ortakligi A.S. 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 Trend Gayrimenkul Yatirim Ortakligi A.S. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.250 Buy Candidate Upgraded
Predicted Opening Price for Trend Gayrimenkul Yatirim Ortakligi A.S. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| TRY 13.06 ( 0.483%) | TRY 13.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TDGYO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.01 | 6.76 % | |
| R2 | 13.64 | 3.99 % | ||
| R1 | 13.42 | 2.28 % | ||
| Current price: | 13.12 | |||
| Support | S1 | 12.69 | -3.25 % | |
| S2 | 12.47 | -4.96 % | ||
| S3 | 12.11 | -7.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.38 | 17.23 % | |
| R2 | 14.52 | 10.67 % | ||
| R1 | 14.05 | 7.09 % | ||
| Current price | 13.12 | |||
| Support | S1 | 13.07 | -0.381% | |
| S2 | 11.90 | -9.30% | ||
| S3 | 11.84 | -9.76% |
FAQ
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