Yayla Enerji Üretim Turizm ve Insaat Stock Forecast

Is Yayla Enerji Üretim Turizm ve Insaat stock still a buy after falling -6.68% on Monday?
(Updated on May 13, 2024)

YAYLA.IS Signals & Forecast

There are few to no technical positive signals at the moment. The Yayla Enerji Üretim Turizm ve Insaat stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at TRY 19.86 and TRY 21.26. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -32.61%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Thursday, June 22, 2023 in the long-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 Yayla Enerji Üretim Turizm ve Insaat stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 17.27 and TRY 15.70. 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, Yayla Enerji Üretim Turizm ve Insaat finds support just below today's level at TRY 17.27. If this is broken, then the next support from accumulated volume will be at TRY 15.70 and TRY 14.28.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved TRY 1.19 between high and low, or 6.34%. For the last week, the stock has had daily average volatility of 6.90%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (YAYLA.IS) For The Upcoming Trading Day Of Tuesday 14th

For the upcoming trading day on Tuesday, 14th we expect Yayla Enerji Üretim Turizm ve Insaat Ticaret A.S. to open at TRY 19.20, and during the day (based on 14 day Average True Range), to move between TRY 17.19 and TRY 20.55, which gives a possible trading interval of +/-TRY 1.68 (+/-8.90%) up or down from last closing price. If Yayla Enerji Üretim Turizm ve Insaat Ticaret A.S. takes out the full calculated possible swing range there will be an estimated 17.80% 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 18.99 (0.64%) than the support at TRY 17.27 (8.48%), 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 Yayla Enerji Üretim Turizm ve Insaat Ticaret A.S. stock A Buy?

The Yayla Enerji Üretim Turizm ve Insaat stock holds several negative signals and despite the positive trend, we believe Yayla Enerji Üretim Turizm ve Insaat will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.416 Sell Candidate Unchanged

Predicted Opening Price for Yayla Enerji Üretim Turizm ve Insaat Ticaret A.S. of Tuesday, May 14, 2024

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