Torunlar Gayrimenkul Yatirim Ortakligi Stock Forecast

Evaluation of Torunlar Gayrimenkul Yatirim Ortakligi stock downgraded after the last trading session.
(Updated on May 03, 2024)

TRGYO.IS Signals & Forecast

The Torunlar Gayrimenkul Yatirim Ortakligi stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 45.83. On a fall, the stock will find some support from the long-term average at approximately TRY 42.49. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Friday, April 19, 2024, and so far it has fallen -3.29%. 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 Torunlar Gayrimenkul Yatirim Ortakligi stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 41.20 and TRY 37.62. 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, Torunlar Gayrimenkul Yatirim Ortakligi finds support just below today's level at TRY 41.20. If this is broken, then the next support from accumulated volume will be at TRY 37.62 and TRY 37.50.

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 1.68 between high and low, or 3.69%. For the last week, the stock has had daily average volatility of 3.43%.

Our recommended stop-loss: TRY 43.68 (-4.63%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (TRGYO.IS) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Torunlar Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 46.15, and during the day (based on 14 day Average True Range), to move between TRY 43.88 and TRY 47.72, which gives a possible trading interval of +/-TRY 1.92 (+/-4.20%) up or down from last closing price. If Torunlar Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 8.40% 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 46.00 (0.44%) than the support at TRY 41.20 (10.04%), 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 Torunlar Gayrimenkul Yatirim Ortakligi A.S. stock A Buy?

Torunlar Gayrimenkul Yatirim 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 Buy to a Hold/Accumulate candidate.

Current score: -0.575 Hold/Accumulate Downgraded

Predicted Opening Price for Torunlar Gayrimenkul Yatirim Ortakligi A.S. of Monday, May 6, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.