PTG Energy Public Company Limited Stock Forecast
Stronger technical forecast for PTG Energy Public Company Limited stock price after Friday trading.
(Updated on May 31, 2024)
The PTG Energy Public Company Limited stock price gained 2.94% on the last trading day (Friday, 31st May 2024), rising from ฿8.50 to ฿8.75. During the last trading day the stock fluctuated 2.33% from a day low at ฿8.60 to a day high of ฿8.80. The price has risen in 4 of the last 10 days and is up by 4.17% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 million more shares were traded than the day before. In total, 13 million shares were bought and sold for approximately ฿115.54 million.
The stock lies in the middle of a 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 -4.16% during the next 3 months and, with a 90% probability hold a price between ฿7.93 and ฿8.50 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PTG.BK Signals & Forecast
Mostly positive signals in the chart today. The PTG Energy 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 ฿8.61 and ฿8.65. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 4.79%. 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 PTG Energy Public Company Limited stock
PTG Energy Public Company Limited finds support from accumulated volume at ฿8.65 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 ฿0.200 between high and low, or 2.33%. For the last week the stock has had daily average volatility of 2.11%.
Our recommended stop-loss: ฿8.41 (-3.84%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 57 days ago.)
Trading Expectations (PTG.BK) For The Upcoming Trading Day Of Tuesday 4th
For the upcoming trading day on Tuesday, 4th we expect PTG Energy Public Company Limited to open at ฿8.72, and during the day (based on 14 day Average True Range), to move between ฿8.56 and ฿8.94, which gives a possible trading interval of +/-฿0.189 (+/-2.16%) up or down from last closing price. If PTG Energy Public Company Limited takes out the full calculated possible swing range there will be an estimated 4.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿8.80 (0.57%) than the support at ฿8.65 (1.14%), 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 PTG Energy Public Company Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.122 Buy Candidate Upgraded
Predicted Opening Price for PTG Energy Public Company Limited of Tuesday, June 4, 2024
| Fair opening price June 4, 2024 | Current price |
|---|---|
| ฿8.72 ( 0.381%) | ฿8.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PTG.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.92 | 1.90 % | |
| R2 | 8.84 | 1.03 % | ||
| R1 | 8.79 | 0.492 % | ||
| Current price: | 8.75 | |||
| Support | S1 | 8.64 | -1.25 % | |
| S2 | 8.59 | -1.79 % | ||
| S3 | 8.52 | -2.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.95 | 2.29 % | |
| R2 | 8.90 | 1.71 % | ||
| R1 | 8.80 | 0.571 % | ||
| Current price | 8.75 | |||
| Support | S1 | 8.65 | -1.14% | |
| S2 | 8.60 | -1.71% | ||
| S3 | 8.50 | -2.86% |
PTG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 06, 2024 | Mar 06, 2024 | May 17, 2024 | ฿0.350 | 4.05% |
| 2 | Mar 09, 2023 | Mar 09, 2023 | Mar 09, 2023 | ฿0.200 | 1.43% |
| 3 | Nov 28, 2022 | Nov 28, 2022 | Nov 28, 2022 | ฿0.200 | 1.37% |
| 4 | Mar 10, 2022 | Mar 10, 2022 | Mar 10, 2022 | ฿0.250 | 1.85% |
| 5 | Mar 11, 2021 | Mar 11, 2021 | Mar 11, 2021 | ฿0.500 | 2.44% |
FAQ
Click here for our free guide on how to buy PTG Energy Public Company Limited Stock.
