Advanced Info Service Public Co Ltd Stock Forecast
Evaluation of Advanced Info Service Public Co Ltd stock downgraded after the last trading session.
(Updated on May 31, 2024)
The Advanced Info Service Public Co Ltd stock price fell by -0.98% on the last day (Friday, 31st May 2024) from ฿205.00 to ฿203.00. During the last trading day the stock fluctuated 1.48% from a day low at ฿203.00 to a day high of ฿206.00. The price has been going up and down for this period, and there has been a -1.93% loss for the last 2 weeks. Volume has increased on the last day by 6 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, 9 million shares were bought and sold for approximately ฿1.86 billion.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Advanced Info Service Public Co Ltd stock with a 90% probability to be traded between ฿189.86 and ฿203.94 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ADVANC-R.BK Signals & Forecast
There are few to no technical positive signals at the moment. The Advanced Info Service Public Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ฿205.71 and ฿203.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -2.87%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Advanced Info Service Public Co Ltd stock
Advanced Info Service Public Co Ltd finds support from accumulated volume at ฿199.50 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 ฿3.00 between high and low, or 1.48%. For the last week the stock has had daily average volatility of 1.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ADVANC-R.BK) For The Upcoming Trading Day Of Tuesday 4th
For the upcoming trading day on Tuesday, 4th we expect Advanced Info Service Public Company Limited to open at ฿204.00, and during the day (based on 14 day Average True Range), to move between ฿200.20 and ฿205.80, which gives a possible trading interval of +/-฿2.80 (+/-1.38%) up or down from last closing price. If Advanced Info Service Public Company Limited takes out the full calculated possible swing range there will be an estimated 2.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿204.00 (0.49%) than the support at ฿199.50 (1.72%), 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 Advanced Info Service Public Company Limited stock A Buy?
Advanced Info Service Public Co Ltd holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.
Current score: -5.169 Strong Sell Candidate Downgraded
Predicted Opening Price for Advanced Info Service Public Company Limited of Tuesday, June 4, 2024
| Fair opening price June 4, 2024 | Current price |
|---|---|
| ฿204.00 ( 0.493%) | ฿203.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADVANC-R.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 207.00 | 1.97 % | |
| R2 | 205.85 | 1.41 % | ||
| R1 | 205.15 | 1.06 % | ||
| Current price: | 203.00 | |||
| Support | S1 | 202.85 | -0.0719 % | |
| S2 | 202.15 | -0.421 % | ||
| S3 | 201.00 | -0.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 207.00 | 1.97 % | |
| R2 | 206.00 | 1.48 % | ||
| R1 | 204.00 | 0.493 % | ||
| Current price | 203.00 | |||
| Support | S1 | 199.50 | -1.72% | |
| S2 | 197.50 | -2.71% | ||
| S3 | 197.00 | -2.96% |
ADVANC-R Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 19, 2024 | Feb 19, 2024 | Feb 19, 2024 | ฿0 | 0% |
| 2 | Aug 18, 2023 | Aug 18, 2023 | Aug 18, 2023 | ฿4.00 | 1.80% |
| 3 | Feb 22, 2023 | Feb 22, 2023 | Feb 22, 2023 | ฿4.24 | 2.02% |
| 4 | Aug 19, 2022 | Aug 19, 2022 | Aug 19, 2022 | ฿3.45 | 1.70% |
| 5 | Feb 18, 2022 | Feb 18, 2022 | Feb 18, 2022 | ฿4.24 | 1.91% |
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