Ananda Development Public Co Ltd Stock Forecast
Ananda Development Public Co Ltd stock price down 0% on Friday
(Updated on May 17, 2024)
No changes to the price of Ananda Development Public Co Ltd stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 2.47% from a day low at ฿0.81 to a day high of ฿0.83. The price has been going up and down for this period, and there has been a 1.25% gain for the last 2 weeks.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.88% during the next 3 months and, with a 90% probability hold a price between ฿0.682 and ฿0.754 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.
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ANAN.BK Signals & Forecast
There are mixed signals in the stock today. The Ananda Development 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 ฿0.81 and ฿0.82. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 3.85%. 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).
Support, Risk & Stop-loss for Ananda Development Public Co Ltd stock
Ananda Development Public Co Ltd finds support from accumulated volume at ฿0.80 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 ฿0.0200 between high and low, or 2.47%. For the last week the stock has had daily average volatility of 3.22%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ANAN.BK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Ananda Development Public Company Limited to open at ฿0.82, and during the day (based on 14 day Average True Range), to move between ฿0.783 and ฿0.84, which gives a possible trading interval of +/-฿0.0267 (+/-3.29%) up or down from last closing price. If Ananda Development Public Company Limited takes out the full calculated possible swing range there will be an estimated 6.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿0.80 (1.23%) than the resistance at ฿0.85 (4.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ananda Development Public Company Limited stock A Buy?
Ananda Development Public Co Ltd 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: -1.827 Sell Candidate Unchanged
Predicted Opening Price for Ananda Development Public Company Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ฿0.82 ( 0.82%) | ฿0.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ANAN.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.84 | 3.29 % | |
| R2 | 0.83 | 2.35 % | ||
| R1 | 0.82 | 1.77 % | ||
| Current price: | 0.81 | |||
| Support | S1 | 0.81 | -0.120 % | |
| S2 | 0.80 | -0.703 % | ||
| S3 | 0.797 | -1.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.90 | 11.11 % | |
| R2 | 0.87 | 7.41 % | ||
| R1 | 0.85 | 4.94 % | ||
| Current price | 0.81 | |||
| Support | S1 | 0.80 | -1.23% | |
| S2 | 0.790 | -2.47% | ||
| S3 | 0.780 | -3.70% |
ANAN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 11, 2020 | May 11, 2020 | May 11, 2020 | ฿0.0265 | 0% |
| 2 | Aug 23, 2019 | Aug 23, 2019 | Aug 23, 2019 | ฿0.0909 | 0% |
| 3 | May 02, 2019 | May 02, 2019 | May 02, 2019 | ฿0.139 | 0% |
| 4 | Aug 22, 2018 | Aug 22, 2018 | Aug 22, 2018 | ฿0.115 | 0% |
| 5 | Mar 12, 2018 | Mar 12, 2018 | Mar 12, 2018 | ฿0.0674 | 0% |
FAQ
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