Türk Hava Yollari Anonim Ortakligi Stock Forecast
Türk Hava Yollari Anonim Ortakligi stock downgraded from Strong Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 26, 2024)
The Türk Hava Yollari Anonim Ortakligi stock price gained 1.20% on the last trading day (Friday, 26th Apr 2024), rising from TRY 313.25 to TRY 317.00. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.16% from a day low at TRY 312.25 to a day high of TRY 319.00. The price has risen in 6 of the last 10 days and is up by 2.26% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 45 million shares were bought and sold for approximately TRY 14.20 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at TRY 317.55 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 9.23% during the next 3 months and, with a 90% probability hold a price between TRY 301.20 and TRY 346.85 at the end of this 3-month period.
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THYAO.IS Signals & Forecast
The Türk Hava Yollari Anonim Ortakligi 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 305.25 and TRY 289.97. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 06, 2024, and so far it has risen 21.46%. Further rise is indicated until a new top pivot has been found. 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. 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 Türk Hava Yollari Anonim Ortakligi stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 297.75 and TRY 285.50. 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, Türk Hava Yollari Anonim Ortakligi finds support just below today's level at TRY 297.75. If this is broken, then the next support from accumulated volume will be at TRY 285.50 and TRY 279.25.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved TRY 6.75 between high and low, or 2.16%. For the last week, the stock has had daily average volatility of 2.53%.
Since the Türk Hava Yollari Anonim Ortakligi has been rising for 6 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: TRY 306.79 (-3.22%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (THYAO.IS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Türk Hava Yollari Anonim Ortakligi to open at TRY 316.08, and during the day (based on 14 day Average True Range), to move between TRY 308.57 and TRY 325.43, which gives a possible trading interval of +/-TRY 8.43 (+/-2.66%) up or down from last closing price. If Türk Hava Yollari Anonim Ortakligi takes out the full calculated possible swing range there will be an estimated 5.32% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ TRY 297.75, some TRY 19.25 (6.07%) from the current price of TRY 317.00, our system finds the risk reward attractive.
Is Türk Hava Yollari Anonim Ortakligi stock A Buy?
Türk Hava Yollari Anonim Ortakligi 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 Strong Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Türk Hava Yollari Anonim Ortakligi of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| TRY 316.08 ( 0.289%) | TRY 317.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for THYAO.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 322.83 | 1.84 % | |
| R2 | 320.25 | 1.03 % | ||
| R1 | 318.66 | 0.524 % | ||
| Current price: | 317.00 | |||
| Support | S1 | 313.50 | -1.10 % | |
| S2 | 311.91 | -1.61 % | ||
| S3 | 309.33 | -2.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 317.00 | |||
| Support | S1 | 297.75 | -6.07% | |
| S2 | 285.50 | -9.94% | ||
| S3 | 279.25 | -11.91% |
THYAO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2013 | May 30, 2013 | May 30, 2013 | TRY 0.126 | 1.65% |
| 2 | May 21, 2009 | May 21, 2009 | May 21, 2009 | TRY 0.0719 | 6.72% |
FAQ
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