PT Astra International Tbk Stock Forecast

PT Astra International Tbk stock upgraded from Strong Sell Candidate to Sell Candidate after Friday trading session.
(Updated on May 31, 2024)

PTAIY Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The PT Astra International Tbk stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $5.53 and $6.08. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for PT Astra International Tbk stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.198 between high and low, or 3.82%. For the last week, the stock has had daily average volatility of 7.46%.

PT Astra International Tbk is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PTAIY) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect PT Astra International Tbk to open at $5.26, and during the day (based on 14 day Average True Range), to move between $4.88 and $5.58, which gives a possible trading interval of +/-$0.348 (+/-6.65%) up or down from last closing price. If PT Astra International Tbk takes out the full calculated possible swing range there will be an estimated 13.31% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $5.58, some $0.350 (6.69%) from the current price of $5.23, our system finds the risk reward not very attractive.

Is PT Astra International Tbk stock A Buy?

PT Astra International Tbk holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -3.545 Sell Candidate Upgraded

Predicted Opening Price for PT Astra International Tbk of Monday, June 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.