Aqua Corporation Public Company Limited Stock Forecast

Aqua Corporation Public Company Limited stock upgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)

AQUA.BK Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Aqua Corporation Public Company Limited 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 ฿0.340 and ฿0.344. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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".

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Wednesday, June 05, 2024 with a target of ฿0.347. Despite whether the objective of the signal formation has been reached the stock may continue to fall.

Support, Risk & Stop-loss for Aqua Corporation Public Company Limited stock

Aqua Corporation Public Company Limited finds support from accumulated volume at ฿0.330 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 therefore the general risk is considered very 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 ฿0.0100 between high and low, or 3.03%. For the last week the stock has had daily average volatility of 3.67%

Aqua Corporation Public Company Limited is oversold on RSI14 (25). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: ฿0.318 (-6.50%) (This stock has low daily movements and this gives low risk. Low RSI14 is 25 which reduces the risk some. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (AQUA.BK) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Aqua Corporation Public Company Limited to open at ฿0.337, and during the day (based on 14 day Average True Range), to move between ฿0.326 and ฿0.354, which gives a possible trading interval of +/-฿0.0138 (+/-4.05%) up or down from last closing price. If Aqua Corporation Public Company Limited takes out the full calculated possible swing range there will be an estimated 8.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ฿0.350 (2.94%) than the support at ฿0.330 (2.94%), 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 Aqua Corporation Public Company Limited stock A Buy?

Aqua Corporation Public Company Limited 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.383 Hold/Accumulate Upgraded

Predicted Opening Price for Aqua Corporation Public Company Limited of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.