Asia Pacific Wire & Cable Corp Ltd Stock Forecast
Green day on Tuesday for Asia Pacific Wire & Cable Corp Ltd
(Updated on Jun 18, 2024)
The Asia Pacific Wire & Cable Corp Ltd stock price gained 3.68% on the last trading day (Tuesday, 18th Jun 2024), rising from $1.63 to $1.69. During the last trading day the stock fluctuated 3.05% from a day low at $1.64 to a day high of $1.69. The price has risen in 6 of the last 10 days and is up by 13.54% over the past 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 5 thousand shares were bought and sold for approximately $8.71 thousand. 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 has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $1.67, a level that may pose a second chance to hit a runner. According to fan-theory $1.88 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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APWC Signals & Forecast
The Asia Pacific Wire & Cable Corp 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 $1.60 and $1.51. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 30.00%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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.
Support, Risk & Stop-loss for Asia Pacific Wire & Cable Corp Ltd stock
Asia Pacific Wire & Cable Corp Ltd finds support from accumulated volume at $1.62 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 $0.0500 between high and low, or 3.05%. For the last week the stock has had daily average volatility of 4.78%.
Our recommended stop-loss: $1.63 (-3.30%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 50 days ago.)
Trading Expectations (APWC) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Asia Pacific Wire & Cable Corporation Limited to open at $1.67, and during the day (based on 14 day Average True Range), to move between $1.62 and $1.76, which gives a possible trading interval of +/-$0.0714 (+/-4.23%) up or down from last closing price. If Asia Pacific Wire & Cable Corporation Limited takes out the full calculated possible swing range there will be an estimated 8.45% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $1.62, some $0.0670 (3.96%) from the current price of $1.69, our system finds the risk reward attractive.
Is Asia Pacific Wire & Cable Corporation Limited stock A Buy?
Asia Pacific Wire & Cable Corp Ltd holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 8.681 Strong Buy Candidate Unchanged
Predicted Opening Price for Asia Pacific Wire & Cable Corporation Limited of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $1.67 ( 0.99%) | $1.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for APWC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.72 | 1.97% |
| R2 | 1.70 | 0.84% |
| R1 | 1.69 | 0.144% |
| Price | 1.69 | |
| S1 | 1.65 | -2.12% |
| S2 | 1.64 | -2.81% |
| S3 | 1.62 | -3.94% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 1.69 | |
| S1 | 1.62 | -3.96% |
| S2 | 1.52 | -9.82% |
| S3 | 1.38 | -18.34% |
APWC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 30, 2018 | Sep 13, 2018 | Nov 30, 2018 | $0.0800 | 3.54% |
| 2 | Oct 21, 2017 | Oct 30, 2017 | Nov 30, 2017 | $0.100 | 3.39% |
FAQ
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