Amata VN Public Company Limited Stock Forecast
Red day on Friday for Amata VN Public Company Limited stock after losing 1.83%
(Updated on May 17, 2024)
The Amata VN Public Company Limited stock price fell by -1.83% on the last day (Friday, 17th May 2024) from ฿5.45 to ฿5.35. During the last trading day the stock fluctuated 4.67% from a day low at ฿5.35 to a day high of ฿5.60. The price has fallen in 4 of the last 10 days and is down by -7.76% for this period. 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 -31 thousand shares and in total, 14 thousand shares were bought and sold for approximately ฿75.44 thousand.
Given the current short-term trend, the stock is expected to rise 3.75% during the next 3 months and, with a 90% probability hold a price between ฿5.55 and ฿6.10 at the end of this 3-month period.
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AMATAV.BK Signals & Forecast
There are few to no technical positive signals at the moment. The Amata VN Public Company Limited 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 ฿5.50 and ฿5.58. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -8.55%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Amata VN Public Company Limited stock
Amata VN Public Company Limited finds support from accumulated volume at ฿5.30 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved ฿0.250 between high and low, or 4.67%. For the last week the stock has had daily average volatility of 2.22%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AMATAV.BK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Amata VN Public Company Limited to open at ฿5.43, and during the day (based on 14 day Average True Range), to move between ฿5.25 and ฿5.45, which gives a possible trading interval of +/-฿0.103 (+/-1.92%) up or down from last closing price. If Amata VN Public Company Limited takes out the full calculated possible swing range there will be an estimated 3.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿5.30 (0.93%) than the resistance at ฿5.45 (1.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Amata VN Public Company Limited stock A Buy?
The Amata VN Public Company Limited stock holds several negative signals and despite the positive trend, we believe Amata VN Public Company Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.629 Sell Candidate Unchanged
Predicted Opening Price for Amata VN Public Company Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ฿5.43 ( 1.56%) | ฿5.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMATAV.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.68 | 6.23 % | |
| R2 | 5.59 | 4.45 % | ||
| R1 | 5.53 | 3.34 % | ||
| Current price: | 5.35 | |||
| Support | S1 | 5.34 | -0.227 % | |
| S2 | 5.28 | -1.33 % | ||
| S3 | 5.18 | -3.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.55 | 3.74 % | |
| R2 | 5.50 | 2.80 % | ||
| R1 | 5.45 | 1.87 % | ||
| Current price | 5.35 | |||
| Support | S1 | 5.30 | -0.93% | |
| S2 | 5.25 | -1.87% | ||
| S3 | 0 | . |
AMATAV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2024 | May 07, 2024 | May 23, 2024 | ฿0.0124 | 0.231% |
| 2 | May 03, 2023 | May 03, 2023 | May 03, 2023 | ฿0.0700 | 1.23% |
| 3 | Apr 21, 2022 | Apr 21, 2022 | Apr 21, 2022 | ฿0.0500 | 0.750% |
| 4 | Apr 20, 2020 | Apr 20, 2020 | Apr 20, 2020 | ฿0.0500 | 1.57% |
| 5 | May 07, 2019 | May 07, 2019 | May 07, 2019 | ฿0.0900 | 1.99% |
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