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AI Analysis of PTTEP.BK
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PTT Exploration and Production Public Co stock price up 0.329% on Thursday
(Updated on May 09, 2024)

Buy or Hold candidate since May 03, 2024 Gain 0.33% PDF

The PTT Exploration and Production Public Co stock price gained 0.329% on the last trading day (Thursday, 9th May 2024), rising from ฿152.00 to ฿152.50. During the last trading day the stock fluctuated 0.98% from a day low at ฿152.50 to a day high of ฿154.00. The price has been going up and down for this period, and there has been a -3.79% loss for the last 2 weeks. Volume fell on the last day by -513 thousand shares and in total, 5 million shares were bought and sold for approximately ฿705.65 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ฿150.87 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.29% during the next 3 months and, with a 90% probability hold a price between ฿155.83 and ฿170.73 at the end of this 3-month period.

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PTTEP.BK Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 1.33%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The PTT Exploration and Production Public Co 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 ฿153.29 and ฿155.34. 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). The stock had a Golden Star Signal on Monday, April 01, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Monday, April 01, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for PTT Exploration and Production Public Co stock

PTT Exploration and Production Public Co finds support from accumulated volume at ฿152.00 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 ฿1.50 (0.98%) between high and low. For the last week, the stock has had daily average volatility of 1.79%.

PTT Exploration and Production Public Co is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: ฿143.97 (-5.59%) (This stock has low daily movements and this gives low risk. Low RSI14 is 24 which reduces the risk some. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (PTTEP.BK) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect PTT Exploration and Production Public Company Limited to open at ฿153.00, and during the day (based on 14 day Average True Range), to move between ฿149.69 and ฿155.31, which gives a possible trading interval of +/-฿2.81 (+/-1.84%) up or down from last closing price. If PTT Exploration and Production Public Company Limited takes out the full calculated possible swing range there will be an estimated 3.68% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ฿153.00 (0.33%) than the support at ฿152.00 (0.33%), 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 PTT Exploration and Production Public Company Limited stock A Buy?

PTT Exploration and Production Public Co holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.186 Hold/Accumulate Unchanged

Predicted Opening Price for PTT Exploration and Production Public Company Limited of Friday, May 10, 2024

Fair opening price May 10, 2024 Current price
฿153.00 ( 0.328%) ฿152.50

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

Trading levels for PTTEP.BK

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 154.50 1.31 %
R2 153.93 0.94 %
R1 153.57 0.704 %
Current price: 152.50
Support S1 152.43 -0.0479 %
S2 152.07 -0.280 %
S3 151.50 -0.656 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 157.50 3.28 %
R2 154.00 0.98 %
R1 153.00 0.328 %
Current price 152.50
Support S1 152.00 -0.328%
S2 151.00 -0.98%
S3 150.50 -1.31%

PTTEP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 19, 2024 Feb 19, 2024 Apr 22, 2024 ฿5.25 3.33%
2 Aug 15, 2023 Aug 15, 2023 Aug 15, 2023 ฿4.25 2.63%
3 Feb 14, 2023 Feb 14, 2023 Feb 14, 2023 ฿5.00 3.11%
4 Aug 15, 2022 Aug 15, 2022 Aug 15, 2022 ฿4.25 2.75%
5 Feb 10, 2022 Feb 10, 2022 Feb 10, 2022 ฿3.00 2.28%

FAQ

What is the symbol for PTT Exploration and Production Public Company Limited Stock and on which exchange is it traded?
The symbol for PTT Exploration and Production Public Company Limited is PTTEP.BK and it is traded on the SET (Stock Exchange of Thailand).

Should I buy or sell PTT Exploration and Production Public Company Limited Stock?
PTT Exploration and Production Public Co holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy PTT Exploration and Production Public Company Limited Stock?
PTT Exploration and Production Public Company Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy PTT Exploration and Production Public Company Limited Stock.

What's the current price of PTT Exploration and Production Public Company Limited Stock?
As of the end of day on the May 09, 2024, the price of an PTT Exploration and Production Public Company Limited (PTTEP.BK) share was ฿152.50.

What is the 52-week high and low for PTT Exploration and Production Public Company Limited Stock?
The 52-week high for PTT Exploration and Production Public Company Limited Stock is ฿175.00 and the 52-week low is ฿137.50.

What is the market capitalization of PTT Exploration and Production Public Company Limited Stock?
As of the May 09, 2024, the market capitalization of PTT Exploration and Production Public Company Limited is 605.423B.

When is the next earnings date for PTT Exploration and Production Public Company Limited?
The upcoming earnings date for PTT Exploration and Production Public Company Limited is Jul 29, 2024.
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About PTT Exploration and Production Public Company Limited

PTT Exploration and Production Public Company Limited PTT Exploration and Production Public Company Limited, together with its subsidiaries, engages in the exploration and production of petroleum in Thailand and internationally. It is also involved in the gas pipeline transportation business; investment funding; and the provision of petroleum-related technology, human resource support, treasury center, technology, and solar power businesses, as well as renewable energy and related activities. In add... PTTEP.BK Profile

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