Aim Commercial Growth Freehold And Stock Forecast
Aim Commercial Growth Freehold And stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)
No changes to the price of Aim Commercial Growth Freehold And stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0.667% from a day low at ฿3.00 to a day high of ฿3.02. The price has fallen in 4 of the last 10 days and is down by -5.03% for this period.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at ฿3.00 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Aim Commercial Growth Freehold And stock with a 90% probability to be traded between ฿3.04 and ฿3.49 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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AIMCG.BK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 0.667%. 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 Aim Commercial Growth Freehold And 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 ฿3.18. On a fall, the stock will find some support from the short-term average at ฿3.01. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
A buy signal from a double bottom formation was found on Thursday, June 20, 2024 and based on theory for this formation the price should go up by 25.30% to ฿3.78 within 45 trading days since signal was issued (Tuesday, August 27, 2024).
Support, Risk & Stop-loss for Aim Commercial Growth Freehold And stock
Aim Commercial Growth Freehold And finds support from accumulated volume at ฿3.00 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ฿0.0200 between high and low, or 0.667%. For the last week the stock has had daily average volatility of 1.07%.
Aim Commercial Growth Freehold And is oversold on RSI14 (18). 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 (AIMCG.BK) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Aim Commercial Growth Freehold And Leasehold Real Estate Investment Trust to open at ฿3.01, and during the day (based on 14 day Average True Range), to move between ฿2.96 and ฿3.08, which gives a possible trading interval of +/-฿0.0574 (+/-1.90%) up or down from last closing price. If Aim Commercial Growth Freehold And Leasehold Real Estate Investment Trust takes out the full calculated possible swing range there will be an estimated 3.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿3.04 (0.66%) than the support at ฿3.00 (0.66%), 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 Aim Commercial Growth Freehold And Leasehold Real Estate Investment Trust stock A Buy?
Aim Commercial Growth Freehold And 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. 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 Sell candidate.
Current score: -1.179 Sell Candidate Downgraded
Predicted Opening Price for Aim Commercial Growth Freehold And Leasehold Real Estate Investment Trust of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ฿3.01 ( 0.221%) | ฿3.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AIMCG.BK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.03 | 0.442% |
| R2 | 3.03 | 0.189% |
| R1 | 3.02 | 0.0322% |
| Price | 3.02 | |
| S1 | 3.01 | -0.474% |
| S2 | 3.00 | -0.630% |
| S3 | 2.99 | -0.88% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.36 | 11.26% |
| R2 | 3.30 | 9.27% |
| R1 | 3.04 | 0.662% |
| Price | 3.02 | |
| S1 | 3.00 | -0.662% |
| S2 | 0 | - |
| S3 | 0 | - |
AIMCG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 27, 2024 | May 27, 2024 | Jun 13, 2024 | ฿0.130 | 4.06% |
| 2 | Mar 11, 2024 | Mar 11, 2024 | Mar 28, 2024 | ฿0.130 | 3.71% |
| 3 | Nov 24, 2023 | Nov 24, 2023 | Dec 13, 2023 | ฿0.0800 | 1.98% |
| 4 | Aug 23, 2023 | Aug 23, 2023 | Sep 06, 2023 | ฿0.130 | 2.63% |
| 5 | May 25, 2023 | May 25, 2023 | Jun 13, 2023 | ฿0.150 | 2.78% |
FAQ
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