Türker Proje Gayrimenkul ve Yatirim Stock Forecast

Stronger technical forecast for Türker Proje Gayrimenkul ve Yatirim stock price after Wednesday trading.
(Updated on May 08, 2024)

TURGG.IS Signals & Forecast

There are mixed signals in the stock today. 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 671.79. On a fall, the stock will find some support from the short-term average at TRY 612.93. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 3.01%. Further rise is indicated until a new top 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 610.00 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 24.00 between high and low, or 3.91%. For the last week, the stock has had daily average volatility of 5.58%.

Our recommended stop-loss: TRY 589.41 (-4.32%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (TURGG.IS) For The Upcoming Trading Day Of Thursday 9th

For the upcoming trading day on Thursday, 9th we expect Türker Proje Gayrimenkul ve Yatirim Gelistirme A.S. to open at TRY 622.67, and during the day (based on 14 day Average True Range), to move between TRY 575.12 and TRY 656.88, which gives a possible trading interval of +/-TRY 40.88 (+/-6.64%) 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 13.27% 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 610.00 (0.97%) than the resistance at TRY 640.00 (3.90%), 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 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.978 Hold/Accumulate Upgraded

Predicted Opening Price for Türker Proje Gayrimenkul ve Yatirim Gelistirme A.S. of Thursday, May 9, 2024

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