Turkiye Garanti Bankasi A.S. Stock Forecast
Turkiye Garanti Bankasi A.S. stock price ended at $2.44 on Wednesday, after losing 0%.
(Updated on May 01, 2024)
No changes to the price of Turkiye Garanti Bankasi A.S. stock on the last trading day (Wednesday, 1st May 2024). During the last trading day the stock fluctuated 3.48% from a day low at $2.44 to a day high of $2.53. The price has risen in 5 of the last 10 days and is up by 16.75% over the past 2 weeks.
The stock lies in the upper part of a wide and strong 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 $2.49 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 19.93% during the next 3 months and, with a 90% probability hold a price between $2.46 and $2.98 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TKGBY Signals & Forecast
The Turkiye Garanti Bankasi A.S. 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 $2.42 and $2.17. A breakdown below any of these levels will issue sell signals. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. 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 Thursday, April 25, 2024, and so far it has fallen -0.81%. 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).
Support, Risk & Stop-loss for Turkiye Garanti Bankasi A.S. stock
Turkiye Garanti Bankasi A.S. finds support from accumulated volume at $2.33 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0850 between high and low, or 3.48%. For the last week, the stock has had daily average volatility of 2.55%.
Our recommended stop-loss: $2.34 (-4.06%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (TKGBY) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Turkiye Garanti Bankasi A.S. to open at $2.47, and during the day (based on 14 day Average True Range), to move between $2.32 and $2.56, which gives a possible trading interval of +/-$0.119 (+/-4.87%) up or down from last closing price. If Turkiye Garanti Bankasi A.S. takes out the full calculated possible swing range there will be an estimated 9.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.46 (0.82%) than the support at $2.33 (4.51%), 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 Turkiye Garanti Bankasi 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 Turkiye Garanti Bankasi A.S. stock to perform well in the short-term.
Current score: 2.289 Buy Candidate Unchanged
Predicted Opening Price for Turkiye Garanti Bankasi A.S. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $2.47 ( 1.16%) | $2.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TKGBY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.55 | 4.64 % | |
| R2 | 2.52 | 3.31 % | ||
| R1 | 2.50 | 2.49 % | ||
| Current price: | 2.44 | |||
| Support | S1 | 2.44 | -0.170 % | |
| S2 | 2.42 | -0.99 % | ||
| S3 | 2.38 | -2.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 2.46 | 0.82 % | ||
| Current price | 2.44 | |||
| Support | S1 | 2.33 | -4.51% | |
| S2 | 2.05 | -15.98% | ||
| S3 | 1.98 | -18.85% |
TKGBY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 28, 2024 | Mar 28, 2024 | Apr 12, 2024 | $0.0768 | 3.46% |
| 2 | Jul 15, 2023 | Apr 17, 2023 | Apr 28, 2023 | $0.0854 | 6.23% |
| 3 | May 20, 2022 | May 25, 2022 | Jun 06, 2022 | $0.0161 | 1.79% |
| 4 | Apr 24, 2018 | Apr 24, 2018 | Apr 24, 2018 | $0.105 | 4.49% |
| 5 | Apr 24, 2017 | Apr 24, 2017 | Apr 24, 2017 | $0.0820 | 3.06% |
FAQ
Click here for our free guide on how to buy Turkiye Garanti Bankasi A.S. Stock.
