For the symbol BIST:GARAN by BorsaCenter, GARAN is a short-term uptrend but … — NewsOfFinance

GUARANTEE It is a share of Garanti BBVA, a bank based in Turkey. Let’s start our analysis with the daily chart:

In the chart, it is seen that the stock has followed a horizontal course, fluctuating between 21.96-29.34 in the last month. Currently, the price of the share is 26.92 TL. The 1-month highest level of the stock was 29.34 TL and the lowest level was 21.96 TL.

In terms of indicators, the share price is hovering just above the 20-day exponential moving average and has recently gained some upward momentum. This indicator shows that the stock is in an uptrend in the short term. At the same time, stochastic indicators are at a high level, RSI indicator remains neutral.

Guarantee BBVA Since , is a company operating in the financial sector, economic and political developments in Turkey in general may affect the share price. However, stock performance has been pretty good over the past few years, with the stock gaining 148 percent over the five-year period. However, there was a loss of 11.4 percent in the last year.

Based on technical analysis, the price of the stock may be bullish in the short term, but further research is needed to make a long-term assessment. Religiously, though, industrial stocks can both yield higher returns and have higher dividends.

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