Yesil Yatirim Holding Anonim Sirketi Stock Forecast
Red day on Friday for Yesil Yatirim Holding Anonim Sirketi stock after losing 0.211%
(Updated on Jun 21, 2024)
The Yesil Yatirim Holding Anonim Sirketi stock price fell by -0.211% on the last day (Friday, 21st Jun 2024) from TRY 4.75 to TRY 4.74. During the last trading day the stock fluctuated 4.71% from a day low at TRY 4.67 to a day high of TRY 4.89. The price has fallen in 7 of the last 10 days and is down by -0.42% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -5 million shares and in total, 14 million shares were bought and sold for approximately TRY 66.51 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at TRY 4.59 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 22.78% during the next 3 months and, with a 90% probability hold a price between TRY 5.64 and TRY 7.79 at the end of this 3-month period.
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YESIL.IS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Yesil Yatirim Holding Anonim Sirketi 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 4.93. On a fall, the stock will find some support from the short-term average at TRY 4.65. 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, May 13, 2024, and so far it has fallen -18.42%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Yesil Yatirim Holding Anonim Sirketi stock
Yesil Yatirim Holding Anonim Sirketi finds support from accumulated volume at TRY 4.70 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 0.220 between high and low, or 4.71%. For the last week, the stock has had daily average volatility of 6.32%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (YESIL.IS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Yesil Yatirim Holding Anonim Sirketi to open at TRY 4.77, and during the day (based on 14 day Average True Range), to move between TRY 4.43 and TRY 5.05, which gives a possible trading interval of +/-TRY 0.306 (+/-6.45%) up or down from last closing price. If Yesil Yatirim Holding Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 12.90% 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 4.76 (0.42%) than the support at TRY 4.70 (0.84%), 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 Yesil Yatirim Holding Anonim Sirketi stock A Buy?
Yesil Yatirim Holding Anonim Sirketi 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: -2.853 Sell Candidate Unchanged
Predicted Opening Price for Yesil Yatirim Holding Anonim Sirketi of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| TRY 4.77 ( 0.563%) | TRY 4.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YESIL.IS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.99 | 5.20% |
| R2 | 4.90 | 3.43% |
| R1 | 4.85 | 2.34% |
| Price | 4.74 | |
| S1 | 4.68 | -1.21% |
| S2 | 4.63 | -2.31% |
| S3 | 4.55 | -4.08% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.66 | 19.41% |
| R2 | 4.99 | 5.27% |
| R1 | 4.76 | 0.422% |
| Price | 4.74 | |
| S1 | 4.70 | -0.84% |
| S2 | 4.32 | -8.86% |
| S3 | 4.01 | -15.40% |
FAQ
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