Airports of Thailand Public Co Ltd Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Airports of Thailand Public Co Ltd stock downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on May 23, 2024)
The Airports of Thailand Public Co Ltd stock price fell by -0.758% on the last day (Thursday, 23rd May 2024) from ฿66.00 to ฿65.50. During the last trading day the stock fluctuated 1.53% from a day low at ฿65.25 to a day high of ฿66.25. The price has risen in 6 of the last 10 days and is up by 0.38% 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 -8 million shares and in total, 10 million shares were bought and sold for approximately ฿658.89 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Airports of Thailand Public Co Ltd stock with a 90% probability to be traded between ฿64.33 and ฿68.73 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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AOT-R.BK Signals & Forecast
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 Airports of Thailand Public Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ฿66.32 and ฿65.65. 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 17, 2024, and so far it has fallen -2.24%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A sell signal from a double top formation was found on Friday, May 17, 2024 and based on theory for this formation the price should fall by -2.64% to ฿63.77 within 23 trading days since signal was issued (Friday, May 24, 2024).
Support, Risk & Stop-loss for Airports of Thailand Public Co Ltd stock
Airports of Thailand Public Co Ltd finds support from accumulated volume at ฿65.25 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ฿1.00 between high and low, or 1.53%. For the last week the stock has had daily average volatility of 1.83%.
Our recommended stop-loss: ฿62.47 (-4.63%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (AOT-R.BK) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect Airports of Thailand Public Company Limited to open at ฿65.67, and during the day (based on 14 day Average True Range), to move between ฿64.51 and ฿66.49, which gives a possible trading interval of +/-฿0.99 (+/-1.50%) up or down from last closing price. If Airports of Thailand Public Company Limited takes out the full calculated possible swing range there will be an estimated 3.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿65.75 (0.38%) than the support at ฿65.25 (0.38%), 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 Airports of Thailand Public Company Limited stock A Buy?
Airports of Thailand Public Co Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.130 Hold/Accumulate Downgraded
Predicted Opening Price for Airports of Thailand Public Company Limited of Friday, May 24, 2024
| Fair opening price May 24, 2024 | Current price |
|---|---|
| ฿65.67 ( 0.254%) | ฿65.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AOT-R.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 66.67 | 1.78 % | |
| R2 | 66.28 | 1.20 % | ||
| R1 | 66.05 | 0.84 % | ||
| Current price: | 65.50 | |||
| Support | S1 | 65.28 | -0.329 % | |
| S2 | 65.05 | -0.689 % | ||
| S3 | 64.67 | -1.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 67.00 | 2.29 % | |
| R2 | 66.50 | 1.53 % | ||
| R1 | 65.75 | 0.382 % | ||
| Current price | 65.50 | |||
| Support | S1 | 65.25 | -0.382% | |
| S2 | 65.00 | -0.763% | ||
| S3 | 64.75 | -1.15% |
AOT-R Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 08, 2023 | Dec 08, 2023 | Dec 08, 2023 | ฿0 | 0% |
| 2 | Dec 08, 2020 | Dec 08, 2020 | Dec 08, 2020 | ฿0.190 | 0.517% |
| 3 | Dec 04, 2020 | Dec 04, 2020 | Dec 04, 2020 | ฿0.190 | 0.517% |
| 4 | Dec 12, 2019 | Dec 12, 2019 | Dec 12, 2019 | ฿1.05 | 2.86% |
| 5 | Dec 13, 2018 | Dec 13, 2018 | Dec 13, 2018 | ฿1.05 | 2.86% |
FAQ
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