Areeya Property Public Company Limited Stock Forecast

Red day on Friday for Areeya Property Public Company Limited stock after losing 0.400%
(Updated on May 31, 2024)

A.BK Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 0.403%. 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 Areeya Property Public Company Limited 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 ฿5.00 and ฿5.00. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Wednesday, May 15, 2024 and based on theory for this formation the price should go up by 3.16% to ฿5.14 within 16 trading days since signal was issued (Tuesday, June 04, 2024).

Support, Risk & Stop-loss for Areeya Property Public Company Limited stock

Areeya Property Public Company Limited finds support from accumulated volume at ฿4.96 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved ฿0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.0803%

Our recommended stop-loss: ฿4.67 (-6.18%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)

Trading Expectations (A.BK) For The Upcoming Trading Day Of Tuesday 4th

For the upcoming trading day on Tuesday, 4th we expect Areeya Property Public Company Limited to open at ฿4.98, and during the day (based on 14 day Average True Range), to move between ฿4.96 and ฿5.00, which gives a possible trading interval of +/-฿0.0165 (+/-0.33%) up or down from last closing price. If Areeya Property Public Company Limited takes out the full calculated possible swing range there will be an estimated 0.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ฿5.00 (0.40%) than the support at ฿4.96 (0.40%), 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 Areeya Property Public Company Limited stock A Buy?

Areeya Property Public Company Limited 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.

Current score: -0.229 Hold/Accumulate Unchanged

Predicted Opening Price for Areeya Property Public Company Limited of Tuesday, June 4, 2024

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