Yayla Agro Gida Sanayi ve Ticaret Anonim Stock Forecast
Red day on Tuesday for Yayla Agro Gida Sanayi ve Ticaret Anonim stock after losing 0.449%
(Updated on May 14, 2024)
The Yayla Agro Gida Sanayi ve Ticaret Anonim stock price fell by -0.449% on the last day (Tuesday, 14th May 2024) from TRY 13.36 to TRY 13.30. During the last trading day the stock fluctuated 2.21% from a day low at TRY 13.15 to a day high of TRY 13.44. The price has fallen in 6 of the last 10 days and is down by -3.34% 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 -2 million shares and in total, 7 million shares were bought and sold for approximately TRY 98.15 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -16.87% during the next 3 months and, with a 90% probability hold a price between TRY 9.28 and TRY 11.98 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
YYLGD.IS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 7.52%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Yayla Agro Gida Sanayi ve Ticaret Anonim 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 13.41 and TRY 13.44. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for Yayla Agro Gida Sanayi ve Ticaret Anonim stock
Yayla Agro Gida Sanayi ve Ticaret Anonim finds support from accumulated volume at TRY 13.16 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 0.290 between high and low, or 2.21%. For the last week, the stock has had daily average volatility of 2.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (YYLGD.IS) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect Yayla Agro Gida Sanayi ve Ticaret Anonim Sirketi to open at TRY 13.30, and during the day (based on 14 day Average True Range), to move between TRY 12.83 and TRY 13.77, which gives a possible trading interval of +/-TRY 0.466 (+/-3.50%) up or down from last closing price. If Yayla Agro Gida Sanayi ve Ticaret Anonim Sirketi takes out the full calculated possible swing range there will be an estimated 7.01% 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 13.16 (1.05%) than the resistance at TRY 14.15 (6.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Yayla Agro Gida Sanayi ve Ticaret Anonim Sirketi stock A Buy?
Yayla Agro Gida Sanayi ve Ticaret Anonim holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.543 Sell Candidate Unchanged
Predicted Opening Price for Yayla Agro Gida Sanayi ve Ticaret Anonim Sirketi of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| TRY 13.30 ( 0.0251%) | TRY 13.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YYLGD.IS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.59 | 2.16 % | |
| R2 | 13.48 | 1.32 % | ||
| R1 | 13.41 | 0.81 % | ||
| Current price: | 13.30 | |||
| Support | S1 | 13.19 | -0.86 % | |
| S2 | 13.12 | -1.37 % | ||
| S3 | 13.01 | -2.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.34 | 15.34 % | |
| R2 | 14.40 | 8.27 % | ||
| R1 | 14.15 | 6.39 % | ||
| Current price | 13.30 | |||
| Support | S1 | 13.16 | -1.05% | |
| S2 | 13.11 | -1.43% | ||
| S3 | 12.90 | -3.01% |
FAQ
Click here for our free guide on how to buy Yayla Agro Gida Sanayi ve Ticaret Anonim Sirketi Stock.
