PT Telekomunikasi Indonesia Tbk Stock Forecast
Weaker technical forecast for PT Telekomunikasi Indonesia Tbk as stock downgraded to Strong Sell Candidate.
(Updated on Apr 24, 2024)
The PT Telekomunikasi Indonesia Tbk stock price fell by -2.18% on the last day (Wednesday, 24th Apr 2024) from $19.72 to $19.29. During the last trading day the stock fluctuated 1.04% from a day low at $19.24 to a day high of $19.44. The price has fallen in 7 of the last 10 days and is down by -8.53% for this period. Volume has increased on the last day by 407 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, 753 thousand shares were bought and sold for approximately $14.53 million.
The stock lies in the middle of a wide and 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 -23.28% during the next 3 months and, with a 90% probability hold a price between $14.16 and $16.83 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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TLK Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The PT Telekomunikasi Indonesia Tbk 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 $19.68 and $22.49. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, February 20, 2024, and so far it has fallen -27.91%. Further fall is indicated until a new bottom pivot has been found. 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 PT Telekomunikasi Indonesia Tbk 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.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.200 between high and low, or 1.04%. For the last week, the stock has had daily average volatility of 1.61%.
PT Telekomunikasi Indonesia Tbk is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TLK) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect PT Telekomunikasi Indonesia Tbk to open at $19.32, and during the day (based on 14 day Average True Range), to move between $18.90 and $19.68, which gives a possible trading interval of +/-$0.392 (+/-2.03%) up or down from last closing price. If PT Telekomunikasi Indonesia Tbk takes out the full calculated possible swing range there will be an estimated 4.06% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $19.62, some $0.330 (1.71%) from the current price of $19.29, our system finds the risk reward not very attractive.
Earnings coming up
PT Telekomunikasi Indonesia Tbk will release earnings BMO on Friday, April 26, 2024. We will update the financials statements for PT Telekomunikasi Indonesia Tbk, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.85% in the first trading day after earnings release.
Is PT Telekomunikasi Indonesia Tbk stock A Buy?
PT Telekomunikasi Indonesia Tbk holds several negative signals and is within a wide and 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: -5.831 Strong Sell Candidate Downgraded
Predicted Opening Price for PT Telekomunikasi Indonesia Tbk of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $19.32 ( 0.173%) | $19.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TLK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.52 | 1.21 % | |
| R2 | 19.45 | 0.81 % | ||
| R1 | 19.40 | 0.569 % | ||
| Current price: | 19.29 | |||
| Support | S1 | 19.25 | -0.223 % | |
| S2 | 19.20 | -0.468 % | ||
| S3 | 19.12 | -0.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.07 | 4.04 % | |
| R2 | 19.77 | 2.49 % | ||
| R1 | 19.62 | 1.71 % | ||
| Current price | 19.29 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
TLK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 05, 2023 | Jun 14, 2023 | Jul 17, 2023 | $1.13 | 4.37% |
| 2 | Jun 03, 2022 | Jun 10, 2022 | Jul 11, 2022 | $1.04 | 3.90% |
| 3 | Jun 07, 2021 | Jun 11, 2021 | Jul 11, 2022 | $1.18 | 4.41% |
| 4 | Jun 30, 2020 | Jul 09, 2020 | Aug 03, 2020 | $1.08 | 5.45% |
| 5 | May 30, 2019 | Jun 11, 2019 | Jul 09, 2019 | $1.14 | 3.77% |
FAQ
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