Power Solution Technologies Public Co Stock Forecast
High volatility in Power Solution Technologies Public Co stock price on Wednesday which ended trading at ฿0.530
(Updated on May 08, 2024)
The Power Solution Technologies Public Co stock price fell by -11.67% on the last day (Wednesday, 8th May 2024) from ฿0.600 to ฿0.530. During the last trading day the stock fluctuated 16.98% from a day low at ฿0.530 to a day high of ฿0.620. The price has fallen in 4 of the last 10 days but is still up by 3.92% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -130 million shares and in total, 115 million shares were bought and sold for approximately ฿61.04 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -21.53% during the next 3 months and, with a 90% probability hold a price between ฿0.315 and ฿0.469 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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PSTC.BK Signals & Forecast
The Power Solution Technologies Public Co 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 ฿0.516 and ฿0.501. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 8.16%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Power Solution Technologies Public Co stock
Power Solution Technologies Public Co finds support from accumulated volume at ฿0.520 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ฿0.0900 between high and low, or 16.98%. For the last week, the stock has had daily average volatility of 11.45%.
Our recommended stop-loss: ฿0.508 (-4.08%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (PSTC.BK) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Power Solution Technologies Public Company Limited to open at ฿0.560, and during the day (based on 14 day Average True Range), to move between ฿0.499 and ฿0.561, which gives a possible trading interval of +/-฿0.0310 (+/-5.84%) up or down from last closing price. If Power Solution Technologies Public Company Limited takes out the full calculated possible swing range there will be an estimated 11.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿0.540 (1.89%) than the support at ฿0.520 (1.89%), 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 Power Solution Technologies Public Company Limited stock A Buy?
Power Solution Technologies Public Co holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.355 Hold/Accumulate Downgraded
Predicted Opening Price for Power Solution Technologies Public Company Limited of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| ฿0.560 ( 5.66%) | ฿0.530 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PSTC.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.650 | 22.64 % | |
| R2 | 0.616 | 16.15 % | ||
| R1 | 0.594 | 12.15 % | ||
| Current price: | 0.530 | |||
| Support | S1 | 0.526 | -0.83 % | |
| S2 | 0.504 | -4.83 % | ||
| S3 | 0.470 | -11.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.630 | 18.87 % | |
| R2 | 0.600 | 13.21 % | ||
| R1 | 0.540 | 1.89 % | ||
| Current price | 0.530 | |||
| Support | S1 | 0.520 | -1.89% | |
| S2 | 0.510 | -3.77% | ||
| S3 | 0.500 | -5.66% |
PSTC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 13, 2020 | Mar 13, 2020 | Mar 13, 2020 | ฿0.0500 | 3.16% |
| 2 | May 03, 2019 | May 03, 2019 | May 03, 2019 | ฿0.0900 | 2.99% |
| 3 | Mar 21, 2019 | Mar 21, 2019 | Mar 21, 2019 | ฿0.0900 | 2.89% |
| 4 | Mar 10, 2016 | Mar 10, 2016 | Mar 10, 2016 | ฿0.0090 | 0.415% |
| 5 | Mar 11, 2015 | Mar 11, 2015 | Mar 11, 2015 | ฿0.0276 | 0.370% |
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