TGS Dis Ticaret Anonim Sirketi Stock Forecast
Evaluation of TGS Dis Ticaret Anonim Sirketi stock downgraded after the last trading session.
(Updated on May 24, 2024)
The TGS Dis Ticaret Anonim Sirketi stock price fell by -3.76% on the last day (Friday, 24th May 2024) from TRY 75.85 to TRY 73.00. During the last trading day the stock fluctuated 6.13% from a day low at TRY 71.80 to a day high of TRY 76.20. The price has been going up and down for this period, and there has been a -11.03% loss for the last 2 weeks. Volume has increased on the last day by 15 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 215 thousand shares were bought and sold for approximately TRY 15.68 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 72.02 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 40.66% during the next 3 months and, with a 90% probability hold a price between TRY 101.31 and TRY 140.98 at the end of this 3-month period.
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TGSAS.IS Signals & Forecast
There are few to no technical positive signals at the moment. The TGS Dis Ticaret Anonim Sirketi stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at TRY 76.28 and TRY 75.96. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -21.80%. 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.
Support, Risk & Stop-loss for TGS Dis Ticaret Anonim Sirketi stock
TGS Dis Ticaret Anonim Sirketi finds support from accumulated volume at TRY 71.20 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 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 6.13%. For the last week, the stock has had daily average volatility of 6.88%.
TGS Dis Ticaret Anonim Sirketi is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TGSAS.IS) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect TGS Dis Ticaret Anonim Sirketi to open at TRY 73.67, and during the day (based on 14 day Average True Range), to move between TRY 66.66 and TRY 79.34, which gives a possible trading interval of +/-TRY 6.34 (+/-8.69%) 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 17.37% 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 71.20 (2.47%) than the resistance at TRY 76.45 (4.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TGS Dis Ticaret Anonim Sirketi stock A Buy?
The TGS Dis Ticaret Anonim Sirketi stock holds several negative signals and despite the positive trend, we believe TGS Dis Ticaret Anonim Sirketi will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Sell candidate.
Current score: -3.639 Sell Candidate Downgraded
Predicted Opening Price for TGS Dis Ticaret Anonim Sirketi of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| TRY 73.67 ( 0.91%) | TRY 73.00 |
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 | 78.07 | 6.94 % | |
| R2 | 76.39 | 4.64 % | ||
| R1 | 75.35 | 3.22 % | ||
| Current price: | 73.00 | |||
| Support | S1 | 71.99 | -1.39 % | |
| S2 | 70.95 | -2.81 % | ||
| S3 | 69.27 | -5.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 80.95 | 10.89 % | |
| R2 | 76.50 | 4.79 % | ||
| R1 | 76.45 | 4.73 % | ||
| Current price | 73.00 | |||
| Support | S1 | 71.20 | -2.47% | |
| S2 | 67.70 | -7.26% | ||
| S3 | 63.80 | -12.60% |
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