Yatas Yatak Ve Yorgan Sanayi Ticaret Stock Forecast
Yatas Yatak Ve Yorgan Sanayi Ticaret stock upgraded to Buy Candidate.
(Updated on May 06, 2024)
The Yatas Yatak Ve Yorgan Sanayi Ticaret stock price gained 0.223% on the last trading day (Monday, 6th May 2024), rising from TRY 35.92 to TRY 36.00. 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 4.96% from a day low at TRY 35.92 to a day high of TRY 37.70. The price has risen in 8 of the last 10 days and is up by 22.2% 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, 449 thousand more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately TRY 219.14 million.
Given the current short-term trend, the stock is expected to fall -3.81% during the next 3 months and, with a 90% probability hold a price between TRY 24.92 and TRY 34.63 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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YATAS.IS Signals & Forecast
Mostly positive signals in the chart today. 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 33.15 and TRY 29.58. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 35.85%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Yatas Yatak Ve Yorgan Sanayi Ticaret stock
On the downside, the stock finds support just below today's level from accumulated volume at TRY 32.46 and TRY 32.08. 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, Yatas Yatak Ve Yorgan Sanayi Ticaret finds support just below today's level at TRY 32.46. If this is broken, then the next support from accumulated volume will be at TRY 32.08 and TRY 31.16.
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 1.78 between high and low, or 4.96%. For the last week, the stock has had daily average volatility of 4.12%.
The Yatas Yatak Ve Yorgan Sanayi Ticaret 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 and the RSI is still moving upwards. 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 34.76 (-3.44%) (This stock has high daily movements and this gives high risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (YATAS.IS) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Yatas Yatak Ve Yorgan Sanayi Ticaret Anonim Sirketi to open at TRY 36.54, and during the day (based on 14 day Average True Range), to move between TRY 34.65 and TRY 37.35, which gives a possible trading interval of +/-TRY 1.35 (+/-3.74%) 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 7.48% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ TRY 32.46, some TRY 3.54 (9.83%) from the current price of TRY 36.00, our system finds the risk reward attractive.
Earnings coming up
Yatas Yatak Ve Yorgan Sanayi Ticaret Anonim Sirketi will release earnings BMO on Tuesday, May 07, 2024. We will update the financials statements for Yatas Yatak Ve Yorgan Sanayi Ticaret Anonim Sirketi, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.05% in the first trading day after earnings release.
Is Yatas Yatak Ve Yorgan Sanayi Ticaret Anonim Sirketi stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.017 Buy Candidate Upgraded
Predicted Opening Price for Yatas Yatak Ve Yorgan Sanayi Ticaret Anonim Sirketi of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| TRY 36.54 ( 1.50%) | TRY 36.00 |
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 | 38.32 | 6.44 % | |
| R2 | 37.64 | 4.56 % | ||
| R1 | 37.22 | 3.39 % | ||
| Current price: | 36.00 | |||
| Support | S1 | 35.86 | -0.389 % | |
| S2 | 35.44 | -1.56 % | ||
| S3 | 34.76 | -3.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 36.00 | |||
| Support | S1 | 32.46 | -9.83% | |
| S2 | 32.08 | -10.89% | ||
| S3 | 31.16 | -13.44% |
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% |
FAQ
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