Wednesday June 19, 2019 Change 2.32% Price $28.66
Chart period: 2019-03-20 - 2019-06-19
VOLUME
Buy
TREND
Hold
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will TLK stock price go up or down on Thu, 20 Jun 2019?

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PT Telekomunikasi Indonesia Tbk Forecast and Stock Analysis

Technical TLK stock analysis for Wednesday June 19, 2019.

Buy candidate since 2019-06-18 Gain 2.32%


PT Telekomunikasi Indonesia Tbk gained 2.32% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from $28.01 to $28.66 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 1.14% from a day low at $28.40 to a day high of $28.73. The price has risen in 7 of the last 10 days and is up by 4.83% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 138 479 more shares were traded than the day before. In total, 324 654 shares bought and sold for approximately $9.30 million.

Quick summary:

  • 30 day high of the TLK stock price was $28.73 and low was $24.27.
  • 90 day high was $28.73 and low was $24.27.
  • 52 week high for the PT Telekomunikasi Indonesia Tbk - $28.73 and low - $21.75.

Trend

PT Telekomunikasi Indonesia Tbk has broken the wide and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $28.53 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $32.92 sometime during the next 3 months.

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Signals

Only positive signals in the chart today. PT Telekomunikasi Indonesia Tbk holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $27.68 and $26.52. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday June 17, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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A buy signal from a double bottom formation was found on Monday June 17, 2019 with a target of $27.85. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

The stock holds a RSI14 at 74 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $26.97 and $26.85.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, PT Telekomunikasi Indonesia Tbk finds support just below today's level at $26.97. If this is broken, then the next support from accumulated volume will be at $26.85 and $25.56.

Support: $26.97 Price: $28.66

Risk

This stock may move much during a 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 $0.33 between high and low, or 1.14%. For the last week, the stock has had a daily average volatility of 1.23%.

The stock is extremely overbought on RSI14 (74). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stoploss: $27.49 (-4.10%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 74 and this increases the risk substantially. There is a buy signal from pivot bottom found 2 days ago.)

1.23 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rising rate. We conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term period.

Buy Candidate Upgraded
Weaker Buy Today TLK ranks #445 as BUY CANDIDATE #445 Stronger Buy

Will TLK stock price go up or down on Thu, 20 Jun 2019?

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