Yesil Yatirim Holding Anonim Sirketi Stock Forecast
Yesil Yatirim Holding Anonim Sirketi stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Jun 27, 2024)
The Yesil Yatirim Holding Anonim Sirketi stock price fell by -0.225% on the last day (Thursday, 27th Jun 2024) from TRY 4.44 to TRY 4.43. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 2.28% from a day low at TRY 4.38 to a day high of TRY 4.48. The price has fallen in 8 of the last 10 days and is down by -2.42% for this period. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 6 million shares were bought and sold for approximately TRY 27.96 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 4.42 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 15.51% during the next 3 months and, with a 90% probability hold a price between TRY 5.10 and TRY 7.22 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 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 4.59 and TRY 4.88. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -23.75%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Yesil Yatirim Holding Anonim Sirketi stock
Yesil Yatirim Holding Anonim Sirketi finds support from accumulated volume at TRY 4.32 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 0.100 between high and low, or 2.28%. For the last week, the stock has had daily average volatility of 3.66%.
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 Friday 28th
For the upcoming trading day on Friday, 28th we expect Yesil Yatirim Holding Anonim Sirketi to open at TRY 4.43, and during the day (based on 14 day Average True Range), to move between TRY 4.17 and TRY 4.69, which gives a possible trading interval of +/-TRY 0.264 (+/-5.97%) 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 11.94% 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 4.32 (2.48%) than the resistance at TRY 4.70 (6.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Yesil Yatirim Holding Anonim Sirketi stock A Buy?
The Yesil Yatirim Holding Anonim Sirketi stock holds several negative signals and despite the positive trend, we believe Yesil Yatirim Holding Anonim Sirketi will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.758 Sell Candidate Downgraded
Predicted Opening Price for Yesil Yatirim Holding Anonim Sirketi of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| TRY 4.43 ( 0%) | TRY 4.43 |
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 | 4.53 | 2.26% |
| R2 | 4.49 | 1.40% |
| R1 | 4.47 | 0.86% |
| Price | 4.43 | |
| S1 | 4.39 | -0.86% |
| S2 | 4.37 | -1.40% |
| S3 | 4.33 | -2.26% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.99 | 12.64% |
| R2 | 4.76 | 7.45% |
| R1 | 4.70 | 6.09% |
| Price | 4.43 | |
| S1 | 4.32 | -2.48% |
| S2 | 4.28 | -3.39% |
| S3 | 3.97 | -10.38% |
FAQ
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