Asia Pacific Wire & Cable Corp Ltd stock price down 1.63% on Friday
(Updated on Dec 03, 2021)
Sell candidate since 2021-12-03 PDF
The Asia Pacific Wire & Cable Corp Ltd stock price fell by -1.63% on the last day (Friday, 3rd Dec 2021) from $2.45 to $2.41. and has now fallen 4 days in a row. During the day the stock fluctuated 1.25% from a day low at $2.40 to a day high of $2.43. The price has fallen in 7 of the last 10 days and is down by -16.9% 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 -22 thousand shares and in total, 26 thousand shares were bought and sold for approximately $63.04 thousand.
The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($2.60) are considered to be a "second chance" to get out. According to the fan-theory $2.26 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
Signals & Forecast
There are few to no technical positive signals at the moment. The Asia Pacific Wire & Cable Corp 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 $2.62 and $2.91. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, November 17, 2021, and so far it has fallen -19.93%. 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
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0300 between high and low, or 1.25%. For the last week the stock has had a daily average volatility of 8.21%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Asia Pacific Wire & Cable Corporation Limited stock A Buy?
Asia Pacific Wire & Cable Corp Ltd holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -5.682
Predicted Opening Price for Asia Pacific Wire & Cable Corporation Limited of Monday, December 6, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price December 6, 2021||Current price|
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APWC Insider Trading
|Mar 27, 2009||Sell||1 410 739||Msd Capital L P||Common Stock|
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