Yesil Gayrimenkul Yatirim Ortakligi A.S. Stock Forecast

Big movements in Yesil Gayrimenkul Yatirim Ortakligi A.S. stock price on Tuesday moving 10.24% between high and low
(Updated on May 21, 2024)

YGYO.IS Signals & Forecast

The Yesil Gayrimenkul Yatirim Ortakligi A.S. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately TRY 10.96. On a fall, the stock will find some support from the long-term average at approximately TRY 8.31. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell 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, May 08, 2024, and so far it has fallen -35.71%. 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 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 Gayrimenkul Yatirim Ortakligi A.S. stock

Yesil Gayrimenkul Yatirim Ortakligi A.S. finds support from accumulated volume at TRY 9.07 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 0.94 between high and low, or 10.24%. For the last week, the stock has had daily average volatility of 12.47%.

Our recommended stop-loss: TRY 8.71 (-5.08%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 28 days ago.)

Trading Expectations (YGYO.IS) For The Upcoming Trading Day Of Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect Yesil Gayrimenkul Yatirim Ortakligi A.S. to open at TRY 9.49, and during the day (based on 14 day Average True Range), to move between TRY 8.06 and TRY 10.30, which gives a possible trading interval of +/-TRY 1.12 (+/-12.20%) up or down from last closing price. If Yesil Gayrimenkul Yatirim Ortakligi A.S. takes out the full calculated possible swing range there will be an estimated 24.40% 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 9.07 (1.20%) than the resistance at TRY 9.97 (8.61%), 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 Gayrimenkul Yatirim Ortakligi A.S. stock A Buy?

Yesil Gayrimenkul Yatirim Ortakligi A.S. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.646 Hold/Accumulate Downgraded

Predicted Opening Price for Yesil Gayrimenkul Yatirim Ortakligi A.S. of Wednesday, May 22, 2024

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