Pylon Public Company Limited Stock Forecast
Evaluation of Pylon Public Company Limited stock downgraded after the last trading session.
(Updated on May 31, 2024)
The Pylon Public Company Limited stock price fell by -1.80% on the last day (Friday, 31st May 2024) from ฿2.22 to ฿2.18. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.83% from a day low at ฿2.18 to a day high of ฿2.22. The price has fallen in 6 of the last 10 days and is down by -3.54% for this period. 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 -192 thousand shares and in total, 333 thousand shares were bought and sold for approximately ฿726.59 thousand.
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 -11.14% during the next 3 months and, with a 90% probability hold a price between ฿1.88 and ฿2.00 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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PYLON.BK Signals & Forecast
There are few to no technical positive signals at the moment. The Pylon Public Company Limited 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 ฿2.25 and ฿2.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen -11.38%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Pylon Public Company Limited 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.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved ฿0.0400 between high and low, or 1.83%. For the last week the stock has had daily average volatility of 1.81%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PYLON.BK) For The Upcoming Trading Day Of Tuesday 4th
For the upcoming trading day on Tuesday, 4th we expect Pylon Public Company Limited to open at ฿2.19, and during the day (based on 14 day Average True Range), to move between ฿2.13 and ฿2.23, which gives a possible trading interval of +/-฿0.0505 (+/-2.32%) up or down from last closing price. If Pylon Public Company Limited takes out the full calculated possible swing range there will be an estimated 4.63% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ฿2.34, some ฿0.160 (7.34%) from the current price of ฿2.18, our system finds the risk reward not very attractive.
Is Pylon Public Company Limited stock A Buy?
Pylon Public Company Limited holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.055 Strong Sell Candidate Downgraded
Predicted Opening Price for Pylon Public Company Limited of Tuesday, June 4, 2024
| Fair opening price June 4, 2024 | Current price |
|---|---|
| ฿2.19 ( 0.612%) | ฿2.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PYLON.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.23 | 2.45 % | |
| R2 | 2.22 | 1.75 % | ||
| R1 | 2.21 | 1.31 % | ||
| Current price: | 2.18 | |||
| Support | S1 | 2.18 | -0.0893 % | |
| S2 | 2.17 | -0.522 % | ||
| S3 | 2.15 | -1.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.54 | 16.51 % | |
| R2 | 2.50 | 14.68 % | ||
| R1 | 2.34 | 7.34 % | ||
| Current price | 2.18 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
PYLON Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 19, 2024 | Mar 19, 2024 | May 24, 2024 | ฿0.140 | 6.14% |
| 2 | Mar 17, 2023 | Mar 17, 2023 | Mar 17, 2023 | ฿0.150 | 3.42% |
| 3 | Mar 18, 2022 | Mar 18, 2022 | Mar 18, 2022 | ฿0.0600 | 1.27% |
| 4 | Mar 19, 2021 | Mar 19, 2021 | Mar 19, 2021 | ฿0.140 | 3.40% |
| 5 | Mar 13, 2020 | Mar 13, 2020 | Mar 13, 2020 | ฿0.270 | 7.50% |
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