A.J. Plast Public Company Limited Stock Forecast
Evaluation of A.J. Plast Public Company Limited stock downgraded after the last trading session.
(Updated on Apr 18, 2024)
The A.J. Plast Public Company Limited stock price fell by -2.48% on the last day (Thursday, 18th Apr 2024) from ฿6.05 to ฿5.90. During the last trading day the stock fluctuated 1.69% from a day low at ฿5.90 to a day high of ฿6.00. The price has been going up and down for this period, and there has been a -0.84% loss for the last 2 weeks. Volume has increased on the last day by 63 thousand 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, 97 thousand shares were bought and sold for approximately ฿572.33 thousand.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.93% during the next 3 months and, with a 90% probability hold a price between ฿5.01 and ฿5.46 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AJ.BK Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 0.85%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The A.J. Plast Public Company Limited 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 ฿6.04 and ฿5.98. A break-up above any of these levels will issue buy signals. A.J. Plast Public Company Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for A.J. Plast Public Company Limited stock
A.J. Plast Public Company Limited finds support from accumulated volume at ฿5.85 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 ฿0.1000 between high and low, or 1.69%. For the last week the stock has had daily average volatility of 2.02%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AJ.BK) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect A.J. Plast Public Company Limited to open at ฿5.93, and during the day (based on 14 day Average True Range), to move between ฿5.79 and ฿6.01, which gives a possible trading interval of +/-฿0.112 (+/-1.90%) up or down from last closing price. If A.J. Plast Public Company Limited 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 ฿5.95 (0.85%) than the support at ฿5.85 (0.85%), 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 A.J. Plast Public Company Limited stock A Buy?
A.J. Plast Public Company Limited 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 Sell candidate.
Current score: -4.016 Sell Candidate Downgraded
Predicted Opening Price for A.J. Plast Public Company Limited of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| ฿5.93 ( 0.565%) | ฿5.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AJ.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.03 | 2.26 % | |
| R2 | 6.00 | 1.61 % | ||
| R1 | 5.97 | 1.21 % | ||
| Current price: | 5.90 | |||
| Support | S1 | 5.90 | -0.0825 % | |
| S2 | 5.87 | -0.482 % | ||
| S3 | 5.83 | -1.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.10 | 3.39 % | |
| R2 | 6.00 | 1.69 % | ||
| R1 | 5.95 | 0.85 % | ||
| Current price | 5.90 | |||
| Support | S1 | 5.85 | -0.85% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
AJ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 25, 2022 | Aug 25, 2022 | Aug 25, 2022 | ฿0.380 | 2.50% |
| 2 | Mar 11, 2022 | Mar 11, 2022 | Mar 11, 2022 | ฿0.250 | 1.42% |
| 3 | Aug 25, 2021 | Aug 25, 2021 | Aug 25, 2021 | ฿0.400 | 2.07% |
| 4 | Mar 11, 2021 | Mar 11, 2021 | Mar 11, 2021 | ฿0.400 | 2.06% |
| 5 | Aug 27, 2020 | Aug 27, 2020 | Aug 27, 2020 | ฿0.300 | 1.83% |
FAQ
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