RSI low/high Values: [ 25 - 75 ]
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AI Analysis of APWC
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Asia Pacific Wire & Cable Corp Ltd stock price up more than 6.95% on Thursday
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The Asia Pacific Wire & Cable Corp Ltd stock price gained 6.95% on the last trading day (Thursday, 28th Mar 2024), rising from $1.29 to $1.38. During the last trading day the stock fluctuated 4.55% from a day low at $1.32 to a day high of $1.38. The price has fallen in 6 of the last 10 days but is still up by 0.73% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 18 thousand more shares were traded than the day before. In total, 22 thousand shares were bought and sold for approximately $30.04 thousand.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $1.41 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.25% during the next 3 months and, with a 90% probability hold a price between $1.17 and $1.34 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.

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APWC Signals & Forecast

The Asia Pacific Wire & Cable Corp Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $1.33 and $1.33. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Asia Pacific Wire & Cable Corp Ltd has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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, February 21, 2024, and so far it has fallen -1.43%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Asia Pacific Wire & Cable Corp Ltd stock

Asia Pacific Wire & Cable Corp Ltd finds support from accumulated volume at $1.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0600 between high and low, or 4.55%. For the last week the stock has had daily average volatility of 3.23%.

Our recommended stop-loss: $1.32 (-4.09%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 26 days ago.)

Trading Expectations (APWC) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Asia Pacific Wire & Cable Corporation Limited to open at $1.36, and during the day (based on 14 day Average True Range), to move between $1.32 and $1.44, which gives a possible trading interval of +/-$0.0586 (+/-4.25%) up or down from last closing price. If Asia Pacific Wire & Cable Corporation Limited takes out the full calculated possible swing range there will be an estimated 8.50% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.39 (0.72%) than the support at $1.35 (2.17%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Asia Pacific Wire & Cable Corporation Limited stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.530 Buy Candidate Upgraded

Predicted Opening Price for Asia Pacific Wire & Cable Corporation Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$1.36 ( 1.45%) $1.38

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

Trading levels for APWC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.42 2.90 %
R2 1.40 1.24 %
R1 1.38 0.212 %
Current price: 1.38
Support S1 1.34 -3.11 %
S2 1.32 -4.14 %
S3 1.30 -5.80 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.44 4.35 %
R2 1.41 2.17 %
R1 1.39 0.725 %
Current price 1.38
Support S1 1.35 -2.17%
S2 1.35 -2.17%
S3 1.32 -4.35%

APWC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Aug 30, 2018 Sep 13, 2018 Nov 30, 2018 $0.0800 3.54%
2 Oct 21, 2017 Oct 30, 2017 Nov 30, 2017 $0.100 3.39%

FAQ

What is the symbol for Asia Pacific Wire & Cable Corporation Limited Stock and on which exchange is it traded?
The symbol for Asia Pacific Wire & Cable Corporation Limited is APWC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Asia Pacific Wire & Cable Corporation Limited Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Asia Pacific Wire & Cable Corporation Limited Stock?
Asia Pacific Wire & Cable Corporation Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Asia Pacific Wire & Cable Corporation Limited Stock.

What's the current price of Asia Pacific Wire & Cable Corporation Limited Stock?
As of the end of day on the 2024-03-28, the price of an Asia Pacific Wire & Cable Corporation Limited (APWC) share was $1.38.

What is the 52-week high and low for Asia Pacific Wire & Cable Corporation Limited Stock?
The 52-week high for Asia Pacific Wire & Cable Corporation Limited Stock is $2.35 and the 52-week low is $1.20.

What is the market capitalization of Asia Pacific Wire & Cable Corporation Limited Stock?
As of the 2024-03-28, the market capitalization of Asia Pacific Wire & Cable Corporation Limited is 28.45M.

When is the next earnings date for Asia Pacific Wire & Cable Corporation Limited?
The upcoming earnings date for Asia Pacific Wire & Cable Corporation Limited is Apr 25, 2024.
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About Asia Pacific Wire & Cable Corporation Limited

Asia Pacific Wire & Cable  Limited Asia Pacific Wire & Cable Corporation Limited, through its subsidiaries, manufactures and distributes enameled wire, power cable, and telecommunications products in Thailand, Singapore, Australia, the People's Republic of China, Hong Kong, and other markets in the Asia Pacific region. The company offers copper rods; and telecommunications cable products, including copper-based and fiber optic cables for telephone and data transmissions; and armor... APWC Profile

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