Airports of Thailand Public Co Ltd Stock Forecast
Stronger technical forecast for Airports of Thailand Public Co Ltd stock price after Friday trading.
(Updated on May 10, 2024)
The Airports of Thailand Public Co Ltd stock price gained 1.14% on the last trading day (Friday, 10th May 2024), rising from ฿65.75 to ฿66.50. During the last trading day the stock fluctuated 1.14% from a day low at ฿65.75 to a day high of ฿66.50. The price has risen in 6 of the last 10 days and is up by 2.7% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 14 million shares were bought and sold for approximately ฿934.43 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.45% during the next 3 months and, with a 90% probability hold a price between ฿64.92 and ฿69.41 at the end of this 3-month period.
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AOT.BK Signals & Forecast
Mostly positive signals in the chart today. The Airports of Thailand Public Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ฿65.68 and ฿65.41. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 5.56%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Airports of Thailand Public Co Ltd stock
Airports of Thailand Public Co Ltd finds support from accumulated volume at ฿65.50 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 ฿0.750 between high and low, or 1.14%. For the last week the stock has had daily average volatility of 1.07%.
Our recommended stop-loss: ฿63.44 (-4.60%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (AOT.BK) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Airports of Thailand Public Company Limited to open at ฿66.25, and during the day (based on 14 day Average True Range), to move between ฿65.53 and ฿67.47, which gives a possible trading interval of +/-฿0.97 (+/-1.46%) 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 2.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿66.75 (0.38%) than the support at ฿65.50 (1.50%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Airports of Thailand Public Co Ltd stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.699 Buy Candidate Upgraded
Predicted Opening Price for Airports of Thailand Public Company Limited of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ฿66.25 ( 0.376%) | ฿66.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AOT.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 67.00 | 0.752 % | |
| R2 | 66.71 | 0.321 % | ||
| R1 | 66.54 | 0.0549 % | ||
| Current price: | 66.50 | |||
| Support | S1 | 65.96 | -0.81 % | |
| S2 | 65.79 | -1.07 % | ||
| S3 | 65.50 | -1.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 67.25 | 1.13 % | |
| R2 | 67.00 | 0.752 % | ||
| R1 | 66.75 | 0.376 % | ||
| Current price | 66.50 | |||
| Support | S1 | 65.50 | -1.50% | |
| S2 | 65.25 | -1.88% | ||
| S3 | 63.25 | -4.89% |
AOT 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 | 0.281% |
| 3 | Dec 04, 2020 | Dec 04, 2020 | Dec 04, 2020 | ฿0.190 | 0.287% |
| 4 | Dec 12, 2019 | Dec 12, 2019 | Dec 12, 2019 | ฿1.05 | 1.39% |
| 5 | Dec 13, 2018 | Dec 13, 2018 | Dec 13, 2018 | ฿1.05 | 1.66% |
FAQ
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