Tipco Asphalt Public Company Limited Stock Forecast
Tipco Asphalt Public Company Limited stock price down 0.625% on Tuesday
(Updated on Jul 02, 2024)
The Tipco Asphalt Public Company Limited stock price fell by -0.625% on the last day (Tuesday, 2nd Jul 2024) from ฿16.00 to ฿15.90. During the last trading day the stock fluctuated 1.27% from a day low at ฿15.80 to a day high of ฿16.00. The price has fallen in 5 of the last 10 days and is down by -0.62% for this period. Volume has increased on the last day by 845 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately ฿27.21 million.
The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at ฿15.96. A reaction back to this level may hold a second chance to get out before further falls.
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TASCO.BK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tipco Asphalt 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 ฿15.99 and ฿16.35. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Tipco Asphalt Public Company Limited stock
Tipco Asphalt Public Company Limited finds support from accumulated volume at ฿15.80 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 ฿0.200 (1.27%) between high and low. For the last week, the stock has had daily average volatility of 1.39%.
Our recommended stop-loss: ฿15.05 (-5.34%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (TASCO.BK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Tipco Asphalt Public Company Limited to open at ฿15.90, and during the day (based on 14 day Average True Range), to move between ฿15.62 and ฿16.18, which gives a possible trading interval of +/-฿0.276 (+/-1.74%) up or down from last closing price. If Tipco Asphalt Public Company Limited takes out the full calculated possible swing range there will be an estimated 3.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿16.00 (0.63%) than the support at ฿15.80 (0.63%), 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 Tipco Asphalt Public Company Limited stock A Buy?
Tipco Asphalt Public Company Limited 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: -0.600 Hold/Accumulate Unchanged
Predicted Opening Price for Tipco Asphalt Public Company Limited of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
฿15.90 ( 0%) | ฿15.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TASCO.BK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 16.10 | 1.26% |
R2 | 16.02 | 0.777% |
R1 | 15.98 | 0.481% |
Price | 15.90 | |
S1 | 15.82 | -0.481% |
S2 | 15.78 | -0.777% |
S3 | 15.70 | -1.26% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 17.20 | 8.18% |
R2 | 16.40 | 3.14% |
R1 | 16.00 | 0.629% |
Price | 15.90 | |
S1 | 15.80 | -0.629% |
S2 | 15.70 | -1.26% |
S3 | 15.60 | -1.89% |
TASCO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Feb 29, 2024 | Apr 26, 2024 | ฿1.00 | 6.37% |
2 | Aug 23, 2023 | Aug 23, 2023 | Sep 07, 2023 | ฿0.250 | 1.48% |
3 | Mar 02, 2023 | Mar 02, 2023 | Apr 26, 2023 | ฿1.00 | 5.05% |
4 | Nov 22, 2022 | Nov 22, 2022 | Dec 08, 2022 | ฿0.250 | 1.40% |
5 | Mar 02, 2022 | Mar 02, 2022 | Apr 28, 2022 | ฿0.80 | 4.91% |
FAQ
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