Türker Proje Gayrimenkul ve Yatirim Stock Forecast
Türker Proje Gayrimenkul ve Yatirim stock price up 1.19% on Friday
(Updated on Apr 26, 2024)
The Türker Proje Gayrimenkul ve Yatirim stock price gained 1.19% on the last trading day (Friday, 26th Apr 2024), rising from TRY 632.50 to TRY 640.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.93% from a day low at TRY 624.00 to a day high of TRY 661.00. The price has risen in 6 of the last 10 days but is still down by -9.6% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 94 thousand more shares were traded than the day before. In total, 132 thousand shares were bought and sold for approximately TRY 84.55 million.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 606.39 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 8.81% during the next 3 months and, with a 90% probability hold a price between TRY 659.84 and TRY 999.34 at the end of this 3-month period.
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TURGG.IS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Türker Proje Gayrimenkul ve Yatirim stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at TRY 707.56. On a fall, the stock will find some support from the short-term average at TRY 631.29. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -26.86%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Türker Proje Gayrimenkul ve Yatirim stock
Türker Proje Gayrimenkul ve Yatirim finds support from accumulated volume at TRY 617.00 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 37.00 between high and low, or 5.93%. For the last week, the stock has had daily average volatility of 4.96%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TURGG.IS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Türker Proje Gayrimenkul ve Yatirim Gelistirme A.S. to open at TRY 641.67, and during the day (based on 14 day Average True Range), to move between TRY 593.98 and TRY 686.02, which gives a possible trading interval of +/-TRY 46.02 (+/-7.19%) up or down from last closing price. If Türker Proje Gayrimenkul ve Yatirim Gelistirme A.S. takes out the full calculated possible swing range there will be an estimated 14.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at TRY 617.00 (3.59%) than the resistance at TRY 722.50 (12.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Türker Proje Gayrimenkul ve Yatirim Gelistirme A.S. stock A Buy?
Türker Proje Gayrimenkul ve Yatirim holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.700 Sell Candidate Unchanged
Predicted Opening Price for Türker Proje Gayrimenkul ve Yatirim Gelistirme A.S. of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
TRY 641.67 ( 0.260%) | TRY 640.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TURGG.IS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 678.67 | 6.04 % | |
R2 | 664.53 | 3.83 % | ||
R1 | 655.80 | 2.47 % | ||
Current price: | 640.00 | |||
Support | S1 | 627.53 | -1.95 % | |
S2 | 618.80 | -3.31 % | ||
S3 | 604.67 | -5.52 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 795.50 | 24.30 % | |
R2 | 749.50 | 17.11 % | ||
R1 | 722.50 | 12.89 % | ||
Current price | 640.00 | |||
Support | S1 | 617.00 | -3.59% | |
S2 | 610.00 | -4.69% | ||
S3 | 583.00 | -8.91% |
FAQ
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