Ekarat Engineering Public Co Ltd Stock Forecast
Stronger technical forecast for Ekarat Engineering Public Co Ltd stock price after Monday trading.
(Updated on Jun 17, 2024)
The Ekarat Engineering Public Co Ltd stock price fell by -3.45% on the last day (Monday, 17th Jun 2024) from ฿0.87 to ฿0.84. During the last trading day the stock fluctuated 4.76% from a day low at ฿0.84 to a day high of ฿0.88. The price has fallen in 4 of the last 10 days and is down by -3.45% for this period. Volume has increased on the last day by 2 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, 3 million shares were bought and sold for approximately ฿2.34 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ฿0.82 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -15.24% during the next 3 months and, with a 90% probability hold a price between ฿0.693 and ฿0.82 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AKR.BK Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 1.20%. 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 Ekarat Engineering Public Co Ltd 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 ฿0.85 and ฿0.92. A break-up above any of these levels will issue buy signals. 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 Ekarat Engineering Public Co Ltd stock
Ekarat Engineering Public Co Ltd finds support from accumulated volume at ฿0.83 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 ฿0.0400 between high and low, or 4.76%. For the last week the stock has had daily average volatility of 2.85%.
Our recommended stop-loss: ฿0.797 (-5.06%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (AKR.BK) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Ekarat Engineering Public Company Limited to open at ฿0.85, and during the day (based on 14 day Average True Range), to move between ฿0.81 and ฿0.87, which gives a possible trading interval of +/-฿0.0254 (+/-3.02%) up or down from last closing price. If Ekarat Engineering Public Company Limited takes out the full calculated possible swing range there will be an estimated 6.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿0.85 (1.19%) than the support at ฿0.83 (1.19%), 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 Ekarat Engineering Public Company Limited stock A Buy?
Ekarat Engineering Public Co Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.555 Hold/Accumulate Upgraded
Predicted Opening Price for Ekarat Engineering Public Company Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ฿0.85 ( 1.59%) | ฿0.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AKR.BK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.89 | 6.35% |
| R2 | 0.88 | 4.53% |
| R1 | 0.87 | 3.41% |
| Price | 0.84 | |
| S1 | 0.84 | -0.232% |
| S2 | 0.83 | -1.36% |
| S3 | 0.81 | -3.17% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.01 | 20.24% |
| R2 | 1.00 | 19.05% |
| R1 | 0.85 | 1.19% |
| Price | 0.84 | |
| S1 | 0.83 | -1.19% |
| S2 | 0 | - |
| S3 | 0 | - |
AKR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | May 24, 2024 | ฿0.0650 | 7.39% |
| 2 | Nov 27, 2023 | Nov 27, 2023 | Dec 08, 2023 | ฿0.0150 | 1.90% |
| 3 | May 11, 2023 | May 11, 2023 | May 11, 2023 | ฿0.0450 | 4.69% |
| 4 | Nov 03, 2022 | Nov 03, 2022 | Nov 03, 2022 | ฿0.0150 | 1.55% |
| 5 | May 11, 2022 | May 11, 2022 | May 11, 2022 | ฿0.0300 | 3.06% |
FAQ
Click here for our free guide on how to buy Ekarat Engineering Public Company Limited Stock.
