Amarin Printing and Publishing Public Co Stock Forecast

Green day on Friday for Amarin Printing and Publishing Public Co
(Updated on May 03, 2024)

AMARIN.BK Signals & Forecast

There are mixed signals in the stock today. The Amarin Printing and Publishing Public Co 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 ฿4.97. On a fall, the stock will find some support from the short-term average at ฿4.93. 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. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen -1.20%. 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). Amarin Printing and Publishing Public Co has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Monday, February 19, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Amarin Printing and Publishing Public Co stock

On the downside, the stock finds support just below today's level from accumulated volume at ฿4.38 and ฿4.20. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Amarin Printing and Publishing Public Co finds support just below today's level at ฿4.38. If this is broken, then the next support from accumulated volume will be at ฿4.20 and ฿4.18.

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 0.82%. For the last week the stock has had daily average volatility of 1.31%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (AMARIN.BK) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Amarin Printing and Publishing Public Company Limited to open at ฿4.93, and during the day (based on 14 day Average True Range), to move between ฿4.89 and ฿4.99, which gives a possible trading interval of +/-฿0.0528 (+/-1.07%) up or down from last closing price. If Amarin Printing and Publishing Public Company Limited takes out the full calculated possible swing range there will be an estimated 2.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ฿4.96 (0.40%) than the support at ฿4.38 (11.34%), 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 Amarin Printing and Publishing Public Company Limited stock A Buy?

Amarin Printing and Publishing Public Co 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.

Current score: -2.285 Sell Candidate Unchanged

Predicted Opening Price for Amarin Printing and Publishing Public Company Limited of Tuesday, May 7, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.