Amarin Printing and Publishing Public Co Stock Forecast

Amarin Printing and Publishing Public Co stock price ended at ฿4.48 on Tuesday, after gaining 1.36%.
(Updated on May 21, 2024)

AMARIN.BK Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 4.67%. 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 Amarin Printing and Publishing Public Co 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 ฿4.49 and ฿4.86. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. 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

Amarin Printing and Publishing Public Co finds support from accumulated volume at ฿4.38 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 ฿0.180 between high and low, or 4.15%. For the last week the stock has had daily average volatility of 6.40%.

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 Thursday 23rd

For the upcoming trading day on Thursday, 23rd we expect Amarin Printing and Publishing Public Company Limited to open at ฿4.45, and during the day (based on 14 day Average True Range), to move between ฿4.34 and ฿4.62, which gives a possible trading interval of +/-฿0.136 (+/-3.03%) 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 6.07% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ฿4.38 (2.23%) than the resistance at ฿4.94 (10.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Amarin Printing and Publishing Public Company Limited stock A Buy?

The Amarin Printing and Publishing Public Co stock holds several negative signals and despite the positive trend, we believe Amarin Printing and Publishing Public Co will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.764 Sell Candidate Unchanged

Predicted Opening Price for Amarin Printing and Publishing Public Company Limited of Thursday, May 23, 2024

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