Asian Alliance International Public Co Stock Forecast
Weaker technical forecast for Asian Alliance International Public Co as stock downgraded to Hold/Accumulate.
(Updated on Jun 27, 2024)
The Asian Alliance International Public Co stock price gained 0.81% on the last trading day (Thursday, 27th Jun 2024), rising from ฿6.15 to ฿6.20. During the last trading day the stock fluctuated 2.44% from a day low at ฿6.15 to a day high of ฿6.30. The price has fallen in 7 of the last 10 days but is still up by 3.33% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 5 million shares were bought and sold for approximately ฿33.55 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.43% during the next 3 months and, with a 90% probability hold a price between ฿6.19 and ฿6.76 at the end of this 3-month period.
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AAI.BK Signals & Forecast
The Asian Alliance International Public Co 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 ฿6.13 and ฿5.98. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Friday, June 21, 2024, and so far it has fallen -2.36%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Asian Alliance International Public Co stock
Asian Alliance International Public Co finds support from accumulated volume at ฿6.00 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 ฿0.150 between high and low, or 2.44%. For the last week, the stock has had daily average volatility of 5.36%.
Our recommended stop-loss: ฿5.95 (-4.03%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (AAI.BK) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Asian Alliance International Public Company Limited to open at ฿6.22, and during the day (based on 14 day Average True Range), to move between ฿5.94 and ฿6.46, which gives a possible trading interval of +/-฿0.262 (+/-4.22%) up or down from last closing price. If Asian Alliance International Public Company Limited takes out the full calculated possible swing range there will be an estimated 8.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿6.25 (0.81%) than the support at ฿6.00 (3.23%), 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 Asian Alliance International Public Company Limited stock A Buy?
Asian Alliance International Public Co 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 Buy to a Hold/Accumulate candidate.
Current score: 0.306 Hold/Accumulate Downgraded
Predicted Opening Price for Asian Alliance International Public Company Limited of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
฿6.22 ( 0.269%) | ฿6.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AAI.BK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 6.37 | 2.69% |
R2 | 6.31 | 1.76% |
R1 | 6.27 | 1.19% |
Price | 6.20 | |
S1 | 6.16 | -0.655% |
S2 | 6.12 | -1.23% |
S3 | 6.07 | -2.15% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 6.35 | 2.42% |
R2 | 6.30 | 1.61% |
R1 | 6.25 | 0.81% |
Price | 6.20 | |
S1 | 6.00 | -3.23% |
S2 | 5.90 | -4.84% |
S3 | 5.85 | -5.65% |
AAI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 02, 2024 | May 02, 2024 | May 17, 2024 | ฿0.180 | 3.05% |
2 | Aug 24, 2023 | Aug 24, 2023 | Sep 08, 2023 | ฿0.0500 | 1.29% |
3 | Apr 27, 2023 | Apr 27, 2023 | May 16, 2023 | ฿0.200 | 4.29% |
FAQ
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