TSKB Gayrimenkul Yatirim Ortakligi A.S Stock Forecast
TSKB Gayrimenkul Yatirim Ortakligi A.S stock price up 2.10% on Thursday
(Updated on Mar 28, 2024)
The TSKB Gayrimenkul Yatirim Ortakligi A.S stock price gained 2.10% on the last trading day (Thursday, 28th Mar 2024), rising from TRY 10.95 to TRY 11.18. During the last trading day the stock fluctuated 2.28% from a day low at TRY 10.98 to a day high of TRY 11.23. The price has risen in 6 of the last 10 days and is up by 11.35% over the past 2 weeks. Volume fell on the last day by -566 thousand shares and in total, 3 million shares were bought and sold for approximately TRY 31.35 million. 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 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 TRY 11.31 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 116.71% during the next 3 months and, with a 90% probability hold a price between TRY 20.51 and TRY 24.51 at the end of this 3-month period.
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TSGYO.IS Signals & Forecast
The TSKB Gayrimenkul Yatirim Ortakligi 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 TRY 10.90 and TRY 9.01. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 21, 2024, and so far it has risen 60.86%. 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 TSKB Gayrimenkul Yatirim Ortakligi A.S stock
TSKB Gayrimenkul Yatirim Ortakligi A.S finds support from accumulated volume at TRY 10.70 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 0.250 between high and low, or 2.28%. For the last week, the stock has had daily average volatility of 3.78%.
The TSKB Gayrimenkul Yatirim Ortakligi A.S stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: TRY 10.86 (-2.84%) (This stock has high daily movements and this gives high risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (TSGYO.IS) For The Upcoming Trading Day Of Friday 29th
For the upcoming trading day on Friday, 29th we expect TSKB Gayrimenkul Yatirim Ortakligi A.S to open at TRY 11.13, and during the day (based on 14 day Average True Range), to move between TRY 10.75 and TRY 11.61, which gives a possible trading interval of +/-TRY 0.434 (+/-3.88%) up or down from last closing price. If TSKB Gayrimenkul Yatirim Ortakligi A.S takes out the full calculated possible swing range there will be an estimated 7.77% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ TRY 10.70, some TRY 0.480 (4.29%) from the current price of TRY 11.18, our system finds the risk reward attractive.
Is TSKB Gayrimenkul Yatirim Ortakligi 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 TSKB Gayrimenkul Yatirim Ortakligi A.S stock to perform well in the short-term.
Current score: 3.465 Buy Candidate Unchanged
Predicted Opening Price for TSKB Gayrimenkul Yatirim Ortakligi A.S of Friday, March 29, 2024
Fair opening price March 29, 2024 | Current price |
---|---|
TRY 11.13 ( 0.447%) | TRY 11.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TSGYO.IS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.38 | 1.79 % | |
R2 | 11.28 | 0.93 % | ||
R1 | 11.23 | 0.407 % | ||
Current price: | 11.18 | |||
Support | S1 | 11.03 | -1.30 % | |
S2 | 10.98 | -1.83 % | ||
S3 | 10.88 | -2.68 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 11.18 | |||
Support | S1 | 10.70 | -4.29% | |
S2 | 9.55 | -14.58% | ||
S3 | 8.99 | -19.59% |
FAQ
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