Prima Marine Public Company Limited Stock Forecast
Stronger technical forecast for Prima Marine Public Company Limited stock price after Wednesday trading.
(Updated on Jun 26, 2024)
No changes to the price of Prima Marine Public Company Limited stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 3.01% from a day low at ฿8.30 to a day high of ฿8.55. The price has risen in 4 of the last 10 days and is up by 3.66% over the past 2 weeks.
The stock lies in the upper part of a narrow and weak 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 ฿8.52 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.88% during the next 3 months and, with a 90% probability hold a price between ฿8.79 and ฿9.11 at the end of this 3-month period.
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PRM.BK Signals & Forecast
The Prima Marine 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 ฿8.34 and ฿8.15. A breakdown below any of these levels will issue sell signals. 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 Tuesday, June 25, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Prima Marine Public Company Limited stock
Prima Marine Public Company Limited finds support from accumulated volume at ฿8.30 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 (3.01%) between high and low. For the last week, the stock has had daily average volatility of 3.19%.
Our recommended stop-loss: ฿8.18 (-3.74%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (PRM.BK) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Prima Marine Public Company Limited to open at ฿8.45, and during the day (based on 14 day Average True Range), to move between ฿8.26 and ฿8.74, which gives a possible trading interval of +/-฿0.236 (+/-2.78%) 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 5.56% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ฿8.30, some ฿0.200 (2.35%) from the current price of ฿8.50, our system finds the risk reward attractive.
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.584 Buy Candidate Upgraded
Predicted Opening Price for Prima Marine Public Company Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ฿8.45 ( 0.588%) | ฿8.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRM.BK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.70 | 2.35% |
| R2 | 8.60 | 1.23% |
| R1 | 8.55 | 0.535% |
| Price | 8.50 | |
| S1 | 8.35 | -1.71% |
| S2 | 8.30 | -2.41% |
| S3 | 8.20 | -3.53% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 8.50 | |
| S1 | 8.30 | -2.35% |
| S2 | 8.20 | -3.53% |
| S3 | 7.90 | -7.06% |
PRM 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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