Amanah Leasing Public Company Limited Stock Forecast
Amanah Leasing Public Company Limited stock upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Amanah Leasing Public Company Limited stock price fell by -2.94% on the last day (Friday, 28th Jun 2024) from ฿1.36 to ฿1.32. During the last trading day the stock fluctuated 5.43% from a day low at ฿1.29 to a day high of ฿1.36. The price has risen in 6 of the last 10 days and is up by 6.45% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -339 thousand shares and in total, 1 million shares were bought and sold for approximately ฿1.60 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ฿1.34 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -49.54% during the next 3 months and, with a 90% probability hold a price between ฿0.499 and ฿0.675 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.
AMANAH.BK Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 14.78%. 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 Amanah Leasing Public Company Limited 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 ฿1.36. On a fall, the stock will find some support from the short-term average at ฿1.29. 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. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Amanah Leasing Public Company Limited stock
Amanah Leasing Public Company Limited finds support from accumulated volume at ฿1.30 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ฿0.0700 between high and low, or 5.43%. For the last week, the stock has had daily average volatility of 4.71%.
Our recommended stop-loss: ฿1.27 (-3.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 61 days ago.)
Trading Expectations (AMANAH.BK) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Amanah Leasing Public Company Limited to open at ฿1.32, and during the day (based on 14 day Average True Range), to move between ฿1.26 and ฿1.38, which gives a possible trading interval of +/-฿0.0576 (+/-4.37%) up or down from last closing price. If Amanah Leasing Public Company Limited takes out the full calculated possible swing range there will be an estimated 8.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿1.30 (1.52%) than the resistance at ฿1.38 (4.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Amanah Leasing Public Company Limited stock A Buy?
Amanah Leasing Public Company Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.196 Hold/Accumulate Upgraded
Predicted Opening Price for Amanah Leasing Public Company Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ฿1.32 ( 0.253%) | ฿1.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMANAH.BK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.39 | 5.56% |
| R2 | 1.37 | 3.53% |
| R1 | 1.35 | 2.28% |
| Price | 1.32 | |
| S1 | 1.30 | -1.77% |
| S2 | 1.28 | -3.02% |
| S3 | 1.25 | -5.05% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.53 | 15.91% |
| R2 | 1.41 | 6.82% |
| R1 | 1.38 | 4.55% |
| Price | 1.32 | |
| S1 | 1.30 | -1.52% |
| S2 | 1.28 | -3.03% |
| S3 | 1.24 | -6.06% |
AMANAH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | May 16, 2024 | ฿0.0159 | 1.07% |
| 2 | Mar 07, 2023 | Mar 07, 2023 | Mar 07, 2023 | ฿0.200 | 5.76% |
| 3 | Mar 01, 2022 | Mar 01, 2022 | Mar 01, 2022 | ฿0.160 | 3.55% |
| 4 | Mar 10, 2021 | Mar 10, 2021 | Mar 10, 2021 | ฿0.130 | 3.40% |
| 5 | Mar 10, 2020 | Mar 10, 2020 | Mar 10, 2020 | ฿0.101 | 3.46% |
FAQ
Click here for our free guide on how to buy Amanah Leasing Public Company Limited Stock.
