Milkiland Public Company Limited Stock Forecast
Milkiland Public Company Limited stock price up 1.46% on Friday
(Updated on Jun 28, 2024)
The Milkiland Public Company Limited stock price gained 1.46% on the last trading day (Friday, 28th Jun 2024), rising from 1.37zł to 1.39zł. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.97% from a day low at 1.34zł to a day high of 1.42zł. The price has risen in 8 of the last 10 days and is up by 63.53% over the past 2 weeks. Volume fell on the last day by -105 thousand shares and in total, 95 thousand shares were bought and sold for approximately 131.42zł 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 lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 1.45zł will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 72.40% during the next 3 months and, with a 90% probability hold a price between 1.56zł and 2.51zł at the end of this 3-month period.
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MLK.WA Signals & Forecast
The Milkiland Public Company Limited 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 1.29zł and 0.80zł. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 28.11%. 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 also not.
Support, Risk & Stop-loss for Milkiland Public Company Limited stock
Milkiland Public Company Limited finds support from accumulated volume at 1.38zł and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved 0.0800zł between high and low, or 5.97%. For the last week the stock has had daily average volatility of 12.00%.
Our recommended stop-loss: 1.35zł (-2.94%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (MLK.WA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Milkiland Public Company Limited to open at 1.38zł, and during the day (based on 14 day Average True Range), to move between 1.28zł and 1.50zł, which gives a possible trading interval of +/-0.108zł (+/-7.74%) up or down from last closing price. If Milkiland Public Company Limited takes out the full calculated possible swing range there will be an estimated 15.49% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 1.38zł, some 0.0100zł (0.72%) from the current price of 1.39zł, our system finds the risk reward attractive.
Is Milkiland 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 Milkiland Public Company Limited stock to perform well in the short-term.
Current score: 4.598 Buy Candidate Unchanged
Predicted Opening Price for Milkiland Public Company Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 1.38zł ( 0.480%) | 1.39zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MLK.WA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.46 | 5.28% |
| R2 | 1.43 | 3.08% |
| R1 | 1.41 | 1.72% |
| Price | 1.39 | |
| S1 | 1.35 | -2.68% |
| S2 | 1.33 | -4.04% |
| S3 | 1.30 | -6.24% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 1.39 | |
| S1 | 1.38 | -0.719% |
| S2 | 1.34 | -3.60% |
| S3 | 1.09 | -21.94% |
MLK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 31, 2014 | Oct 31, 2014 | Oct 31, 2014 | 0.0700zł | 2.17% |
| 2 | Oct 31, 2013 | Oct 31, 2013 | Oct 31, 2013 | 0.0800zł | 0.586% |
FAQ
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