TGS Dis Ticaret Anonim Sirketi Stock Forecast
TGS Dis Ticaret Anonim Sirketi stock price ended at TRY 79.90 on Friday, after losing 1.30%.
(Updated on Apr 26, 2024)
The TGS Dis Ticaret Anonim Sirketi stock price fell by -1.30% on the last day (Friday, 26th Apr 2024) from TRY 80.95 to TRY 79.90. During the last trading day the stock fluctuated 6.43% from a day low at TRY 76.95 to a day high of TRY 81.90. The price has fallen in 6 of the last 10 days but is still up by 24.65% 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 -369 thousand shares and in total, 548 thousand shares were bought and sold for approximately TRY 43.78 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 116.88% during the next 3 months and, with a 90% probability hold a price between TRY 147.10 and TRY 185.62 at the end of this 3-month period.
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TGSAS.IS Signals & Forecast
The TGS Dis Ticaret Anonim Sirketi 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 76.21 and TRY 67.51. A breakdown below any of these levels will issue sell signals. 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 Wednesday, April 24, 2024, and so far it has fallen -4.94%. 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 TGS Dis Ticaret Anonim Sirketi stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 71.20 and TRY 67.70. 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, TGS Dis Ticaret Anonim Sirketi finds support just below today's level at TRY 71.20. If this is broken, then the next support from accumulated volume will be at TRY 67.70 and TRY 63.80.
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 4.95 between high and low, or 6.43%. For the last week, the stock has had daily average volatility of 10.60%.
Our recommended stop-loss: TRY 75.48 (-5.54%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (TGSAS.IS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect TGS Dis Ticaret Anonim Sirketi to open at TRY 79.58, and during the day (based on 14 day Average True Range), to move between TRY 73.00 and TRY 86.80, which gives a possible trading interval of +/-TRY 6.90 (+/-8.64%) up or down from last closing price. If TGS Dis Ticaret Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 17.28% 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 80.95 (1.31%) than the support at TRY 71.20 (10.89%), 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 TGS Dis Ticaret Anonim Sirketi 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 TGS Dis Ticaret Anonim Sirketi stock to perform well in the short-term.
Current score: 2.127 Buy Candidate Unchanged
Predicted Opening Price for TGS Dis Ticaret Anonim Sirketi of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| TRY 79.58 ( 0.396%) | TRY 79.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TGSAS.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 84.53 | 5.80 % | |
| R2 | 82.64 | 3.43 % | ||
| R1 | 81.47 | 1.97 % | ||
| Current price: | 79.90 | |||
| Support | S1 | 77.69 | -2.76 % | |
| S2 | 76.52 | -4.22 % | ||
| S3 | 74.63 | -6.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 84.05 | 5.19 % | ||
| R1 | 80.95 | 1.31 % | ||
| Current price | 79.90 | |||
| Support | S1 | 71.20 | -10.89% | |
| S2 | 67.70 | -15.27% | ||
| S3 | 63.80 | -20.15% |
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