Prima Marine Public Company Limited Stock Forecast
Red day on Thursday for Prima Marine Public Company Limited stock after losing 2.37%
(Updated on Jul 04, 2024)
The Prima Marine Public Company Limited stock price fell by -2.37% on the last day (Thursday, 4th Jul 2024) from ฿8.45 to ฿8.25. During the last trading day the stock fluctuated 3.05% from a day low at ฿8.20 to a day high of ฿8.45. The price has been going up and down for this period, and there has been a -0.6% loss for the last 2 weeks. Volume has increased on the last day by 6 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 12 million shares were bought and sold for approximately ฿96.55 million.
Given the current short-term trend, the stock is expected to rise 8.03% during the next 3 months and, with a 90% probability hold a price between ฿8.91 and ฿9.42 at the end of this 3-month period.
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PRM-R.BK Signals & Forecast
The Prima Marine Public Company Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ฿8.49. On a fall, the stock will find some support from the long-term average at approximately ฿8.22. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Monday, July 01, 2024, and so far it has fallen -4.62%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Prima Marine Public Company Limited stock
Prima Marine Public Company Limited finds support from accumulated volume at ฿8.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ฿0.250 (3.05%) between high and low. For the last week, the stock has had daily average volatility of 2.52%.
Our recommended stop-loss: ฿7.97 (-3.42%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (PRM-R.BK) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Prima Marine Public Company Limited to open at ฿8.30, and during the day (based on 14 day Average True Range), to move between ฿8.02 and ฿8.48, which gives a possible trading interval of +/-฿0.228 (+/-2.76%) up or down from last closing price. If Prima Marine Public Company Limited takes out the full calculated possible swing range there will be an estimated 5.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿8.30 (0.61%) than the support at ฿8.20 (0.61%), 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 Prima Marine 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 Prima Marine Public Company Limited stock to perform well in the short-term.
Current score: 2.000 Buy Candidate Unchanged
Predicted Opening Price for Prima Marine Public Company Limited of Friday, July 5, 2024
Fair opening price July 5, 2024 | Current price |
---|---|
฿8.30 ( 0.606%) | ฿8.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRM-R.BK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 8.55 | 3.64% |
R2 | 8.45 | 2.48% |
R1 | 8.40 | 1.76% |
Price | 8.25 | |
S1 | 8.20 | -0.552% |
S2 | 8.15 | -1.27% |
S3 | 8.05 | -2.42% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 8.50 | 3.03% |
R2 | 8.45 | 2.42% |
R1 | 8.30 | 0.606% |
Price | 8.25 | |
S1 | 8.20 | -0.606% |
S2 | 8.10 | -1.82% |
S3 | 7.90 | -4.24% |
PRM-R Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 07, 2024 | May 07, 2024 | May 24, 2024 | ฿0.260 | 3.31% |
2 | Nov 27, 2023 | Nov 27, 2023 | Dec 14, 2023 | ฿0.100 | 1.98% |
3 | May 03, 2023 | May 03, 2023 | May 26, 2023 | ฿0.250 | 3.73% |
4 | Nov 24, 2022 | Nov 24, 2022 | Dec 09, 2022 | ฿0.0900 | 1.25% |
5 | May 06, 2022 | May 06, 2022 | May 25, 2022 | ฿0.180 | 3.19% |
FAQ
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