Absolute Clean Energy Public Co Ltd Stock Forecast
Green day on Friday for Absolute Clean Energy Public Co Ltd
(Updated on Jun 28, 2024)
The Absolute Clean Energy Public Co Ltd stock price gained 1.53% on the last trading day (Friday, 28th Jun 2024), rising from ฿1.31 to ฿1.33. During the last trading day the stock fluctuated 3.91% from a day low at ฿1.28 to a day high of ฿1.33. The price has been going up and down for this period, and there has been a 0.76% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately ฿3.87 million.
The stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is ฿1.32, a level that may pose a second chance to hit a runner. According to fan-theory ฿1.39 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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ACE.BK Signals & Forecast
There are mixed signals in the stock today. The Absolute Clean Energy Public Co Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ฿1.33. On a fall, the stock will find some support from the short-term average at ฿1.30. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Absolute Clean Energy Public Co Ltd stock
Absolute Clean Energy Public Co Ltd finds support from accumulated volume at ฿1.32 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ฿0.0500 (3.91%) between high and low. For the last week, the stock has had daily average volatility of 2.95%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ACE.BK) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Absolute Clean Energy Public Company Limited to open at ฿1.31, and during the day (based on 14 day Average True Range), to move between ฿1.30 and ฿1.36, which gives a possible trading interval of +/-฿0.0274 (+/-2.06%) up or down from last closing price. If Absolute Clean Energy Public Company Limited takes out the full calculated possible swing range there will be an estimated 4.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿1.34 (0.75%) than the support at ฿1.32 (0.75%), 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 Absolute Clean Energy Public Company Limited stock A Buy?
Absolute Clean Energy Public Co Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.250 Sell Candidate Unchanged
Predicted Opening Price for Absolute Clean Energy Public Company Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ฿1.31 ( 1.25%) | ฿1.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACE.BK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.36 | 2.51% |
| R2 | 1.34 | 1.07% |
| R1 | 1.33 | 0.183% |
| Price | 1.33 | |
| S1 | 1.29 | -2.69% |
| S2 | 1.28 | -3.58% |
| S3 | 1.26 | -5.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.38 | 3.76% |
| R2 | 1.37 | 3.01% |
| R1 | 1.34 | 0.752% |
| Price | 1.33 | |
| S1 | 1.32 | -0.752% |
| S2 | 1.29 | -3.01% |
| S3 | 1.27 | -4.51% |
ACE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2022 | Mar 14, 2022 | May 11, 2022 | ฿0.0200 | 0% |
| 2 | Mar 11, 2021 | Mar 11, 2021 | May 13, 2021 | ฿0.0180 | 0% |
| 3 | Jun 01, 2020 | Jun 01, 2020 | Jun 15, 2020 | ฿0.0300 | 0% |
FAQ
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