Precious Shipping Public Company Limited Stock Forecast
A very strong day for Precious Shipping Public Company Limited stock price on Friday
(Updated on May 03, 2024)
The Precious Shipping Public Company Limited stock price gained 9.55% on the last trading day (Friday, 3rd May 2024), rising from ฿7.85 to ฿8.60. During the last trading day the stock fluctuated 6.67% from a day low at ฿8.25 to a day high of ฿8.80. The price has been going up and down for this period, and there has been a 9.55% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 36 million more shares were traded than the day before. In total, 38 million shares were bought and sold for approximately ฿328.37 million.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is ฿8.36, a level that may pose a second chance to hit a runner. According to fan-theory ฿9.32 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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PSL.BK Signals & Forecast
Mostly positive signals in the chart today. The Precious Shipping Public Company Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ฿7.82 and ฿7.98. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 15.44%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Precious Shipping Public Company Limited stock
Precious Shipping Public Company Limited finds support from accumulated volume at ฿8.50 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ฿0.550 between high and low, or 6.67%. For the last week the stock has had daily average volatility of 3.98%.
Our recommended stop-loss: ฿8.28 (-3.72%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (PSL.BK) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Precious Shipping Public Company Limited to open at ฿8.55, and during the day (based on 14 day Average True Range), to move between ฿8.31 and ฿8.89, which gives a possible trading interval of +/-฿0.294 (+/-3.42%) up or down from last closing price. If Precious Shipping Public Company Limited takes out the full calculated possible swing range there will be an estimated 6.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿8.65 (0.58%) than the support at ฿8.50 (1.16%), 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.
Earnings coming up
Precious Shipping Public Company Limited will release earnings BMO on Monday, May 06, 2024. We will update the financials statements for Precious Shipping Public Company Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.72% in the first trading day after earnings release.
Is Precious Shipping Public Company Limited stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.992 Buy Candidate Upgraded
Predicted Opening Price for Precious Shipping Public Company Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ฿8.55 ( 0.581%) | ฿8.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PSL.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.10 | 5.81 % | |
| R2 | 8.89 | 3.37 % | ||
| R1 | 8.76 | 1.86 % | ||
| Current price: | 8.60 | |||
| Support | S1 | 8.34 | -3.02 % | |
| S2 | 8.21 | -4.53 % | ||
| S3 | 8.00 | -6.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.90 | 3.49 % | |
| R2 | 8.70 | 1.16 % | ||
| R1 | 8.65 | 0.581 % | ||
| Current price | 8.60 | |||
| Support | S1 | 8.50 | -1.16% | |
| S2 | 8.40 | -2.33% | ||
| S3 | 7.70 | -10.47% |
PSL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 19, 2024 | Apr 19, 2024 | May 03, 2024 | ฿0.0500 | 0.581% |
| 2 | Feb 23, 2024 | Feb 23, 2024 | Mar 11, 2024 | ฿0.0500 | 0.581% |
| 3 | Nov 23, 2023 | Nov 23, 2023 | Nov 23, 2023 | ฿0.0500 | 0.662% |
| 4 | Aug 24, 2023 | Aug 24, 2023 | Aug 24, 2023 | ฿0.0500 | 0.575% |
| 5 | May 29, 2023 | May 29, 2023 | May 29, 2023 | ฿0.0500 | 0.521% |
FAQ
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