Yatas Yatak Ve Yorgan Sanayi Ticaret Stock Forecast
Yatas Yatak Ve Yorgan Sanayi Ticaret stock price up 0.251% on Friday
(Updated on Apr 26, 2024)
The Yatas Yatak Ve Yorgan Sanayi Ticaret stock price gained 0.251% on the last trading day (Friday, 26th Apr 2024), rising from TRY 31.92 to TRY 32.00. During the last trading day the stock fluctuated 1.89% from a day low at TRY 31.70 to a day high of TRY 32.30. The price has risen in 6 of the last 10 days and is up by 4.17% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 681 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately TRY 100.78 million.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is TRY 31.94, a level that may pose a second chance to hit a runner. According to fan-theory TRY 38.74 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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YATAS.IS Signals & Forecast
The Yatas Yatak Ve Yorgan Sanayi Ticaret 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 30.78 and TRY 29.01. 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 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. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -0.249%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Yatas Yatak Ve Yorgan Sanayi Ticaret stock
Yatas Yatak Ve Yorgan Sanayi Ticaret finds support from accumulated volume at TRY 31.16 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0.600 between high and low, or 1.89%. For the last week, the stock has had daily average volatility of 3.25%.
Our recommended stop-loss: TRY 30.83 (-3.65%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (YATAS.IS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Yatas Yatak Ve Yorgan Sanayi Ticaret Anonim Sirketi to open at TRY 32.00, and during the day (based on 14 day Average True Range), to move between TRY 30.81 and TRY 33.19, which gives a possible trading interval of +/-TRY 1.19 (+/-3.73%) up or down from last closing price. If Yatas Yatak Ve Yorgan Sanayi Ticaret Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 7.46% 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 32.08 (0.25%) than the support at TRY 31.16 (2.63%), 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 Yatas Yatak Ve Yorgan Sanayi Ticaret Anonim Sirketi stock A Buy?
Yatas Yatak Ve Yorgan Sanayi Ticaret 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.
Current score: -0.158 Hold/Accumulate Unchanged
Predicted Opening Price for Yatas Yatak Ve Yorgan Sanayi Ticaret Anonim Sirketi of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| TRY 32.00 ( 0%) | TRY 32.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YATAS.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.60 | 1.87 % | |
| R2 | 32.37 | 1.16 % | ||
| R1 | 32.23 | 0.716 % | ||
| Current price: | 32.00 | |||
| Support | S1 | 31.77 | -0.716 % | |
| S2 | 31.63 | -1.16 % | ||
| S3 | 31.40 | -1.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.10 | 3.44 % | |
| R2 | 32.92 | 2.88 % | ||
| R1 | 32.08 | 0.250 % | ||
| Current price | 32.00 | |||
| Support | S1 | 31.16 | -2.63% | |
| S2 | 31.04 | -3.00% | ||
| S3 | 31.00 | -3.13% |
YATAS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 18, 2023 | Sep 18, 2023 | Sep 18, 2023 | TRY 1.34 | 3.58% |
| 2 | Aug 16, 2022 | Aug 16, 2022 | Aug 16, 2022 | TRY 0.668 | 4.19% |
| 3 | Oct 06, 2021 | Oct 06, 2021 | Oct 06, 2021 | TRY 0.284 | 2.14% |
| 4 | Dec 21, 2020 | Dec 21, 2020 | Dec 21, 2020 | TRY 0.144 | 1.09% |
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