TSKB Gayrimenkul Yatirim Ortakligi A.S Stock Forecast

TSKB Gayrimenkul Yatirim Ortakligi A.S stock price ended at TRY 13.80 on Friday, after gaining 0.95%.
(Updated on Jun 21, 2024)

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 13.67 and TRY 12.31. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -1.50%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Monday, May 27, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for TSKB Gayrimenkul Yatirim Ortakligi A.S stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 12.70 and TRY 11.01. 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, TSKB Gayrimenkul Yatirim Ortakligi A.S finds support just below today's level at TRY 12.70. If this is broken, then the next support from accumulated volume will be at TRY 11.01 and TRY 10.81.

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 0.320 between high and low, or 2.34%. For the last week, the stock has had daily average volatility of 3.58%.

Our recommended stop-loss: TRY 13.31 (-3.53%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 35 days ago.)

Trading Expectations (TSGYO.IS) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect TSKB Gayrimenkul Yatirim Ortakligi A.S to open at TRY 13.83, and during the day (based on 14 day Average True Range), to move between TRY 13.32 and TRY 14.28, which gives a possible trading interval of +/-TRY 0.479 (+/-3.47%) 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 6.94% 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 14.01 (1.52%) than the support at TRY 12.70 (7.97%), 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 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: 2.399 Buy Candidate Unchanged

Predicted Opening Price for TSKB Gayrimenkul Yatirim Ortakligi A.S of Monday, June 24, 2024

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