Yesil Yapi Endüstrisi A.S. Stock Forecast

Big movements in Yesil Yapi Endüstrisi A.S. stock price on Monday moving 19.25% between high and low
(Updated on May 13, 2024)

YYAPI.IS Signals & Forecast

The Yesil Yapi Endüstrisi A.S. 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 6.46 and TRY 4.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 06, 2024, and so far it has risen 50.76%. 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 Yesil Yapi Endüstrisi A.S. stock

On the downside, the stock finds support just below today's level from accumulated volume at TRY 7.21 and TRY 6.98. 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, Yesil Yapi Endüstrisi A.S. finds support just below today's level at TRY 7.21. If this is broken, then the next support from accumulated volume will be at TRY 6.98 and TRY 6.35.

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 1.28 between high and low, or 19.25%. For the last week, the stock has had daily average volatility of 12.64%.

The Yesil Yapi Endüstrisi A.S. stock is extremely overbought on RSI14 (83). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: TRY 7.67 (-3.34%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from a pivot bottom found 5 days ago.)

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

For the upcoming trading day on Tuesday, 14th we expect Yesil Yapi Endüstrisi A.S. to open at TRY 7.50, and during the day (based on 14 day Average True Range), to move between TRY 7.39 and TRY 8.47, which gives a possible trading interval of +/-TRY 0.536 (+/-6.76%) up or down from last closing price. If Yesil Yapi Endüstrisi A.S. takes out the full calculated possible swing range there will be an estimated 13.52% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ TRY 7.21, some TRY 0.720 (9.08%) from the current price of TRY 7.93, our system finds the risk reward attractive.

Is Yesil Yapi Endüstrisi A.S. stock A Buy?

Yesil Yapi Endüstrisi A.S. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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 Strong Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Yesil Yapi Endüstrisi A.S. of Tuesday, May 14, 2024

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