Asia Aviation Public Company Limited Stock Forecast
Asia Aviation Public Company Limited stock price down 1.77% on Wednesday
(Updated on Apr 24, 2024)
The Asia Aviation Public Company Limited stock price fell by -1.77% on the last day (Wednesday, 24th Apr 2024) from ฿2.26 to ฿2.22. During the last trading day the stock fluctuated 3.64% from a day low at ฿2.20 to a day high of ฿2.28. The price has been going up and down for this period, and there has been a -8.26% loss for the last 2 weeks. Volume has increased on the last day by 8 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 27 million shares were bought and sold for approximately ฿60.02 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ฿2.21 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.77% during the next 3 months and, with a 90% probability hold a price between ฿2.36 and ฿2.74 at the end of this 3-month period.
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AAV.BK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.91%. 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 Asia Aviation 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 ฿2.29 and ฿2.37. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Asia Aviation Public Company Limited stock
Asia Aviation Public Company Limited finds support from accumulated volume at ฿2.20 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 ฿0.0800 between high and low, or 3.64%. For the last week, the stock has had daily average volatility of 3.79%.
Asia Aviation Public Company Limited is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AAV.BK) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Asia Aviation Public Company Limited to open at ฿2.23, and during the day (based on 14 day Average True Range), to move between ฿2.15 and ฿2.29, which gives a possible trading interval of +/-฿0.0716 (+/-3.23%) up or down from last closing price. If Asia Aviation Public Company Limited takes out the full calculated possible swing range there will be an estimated 6.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿2.20 (0.90%) than the resistance at ฿2.30 (3.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Asia Aviation Public Company Limited stock A Buy?
The Asia Aviation Public Company Limited stock holds several negative signals and despite the positive trend, we believe Asia Aviation Public Company Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.583 Sell Candidate Unchanged
Predicted Opening Price for Asia Aviation Public Company Limited of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| ฿2.23 ( 0.601%) | ฿2.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AAV.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.31 | 4.20 % | |
| R2 | 2.28 | 2.83 % | ||
| R1 | 2.26 | 1.98 % | ||
| Current price: | 2.22 | |||
| Support | S1 | 2.20 | -0.776 % | |
| S2 | 2.18 | -1.63 % | ||
| S3 | 2.15 | -3.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.44 | 9.91 % | |
| R2 | 2.32 | 4.50 % | ||
| R1 | 2.30 | 3.60 % | ||
| Current price | 2.22 | |||
| Support | S1 | 2.20 | -0.90% | |
| S2 | 2.14 | -3.60% | ||
| S3 | 2.12 | -4.50% |
AAV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 25, 2018 | Sep 25, 2018 | Sep 25, 2018 | ฿0.128 | 0% |
| 2 | May 25, 2018 | May 25, 2018 | May 25, 2018 | ฿0.190 | 0% |
| 3 | Nov 22, 2017 | Nov 22, 2017 | Nov 22, 2017 | ฿0.143 | 0% |
| 4 | Nov 22, 2016 | Nov 22, 2016 | Nov 22, 2016 | ฿0.143 | 0% |
| 5 | Sep 14, 2015 | Sep 14, 2015 | Sep 14, 2015 | ฿0.0951 | 0% |
FAQ
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