Breakout Stocks of Week 19 @ SET
NASDAQ was up last week (week 18) by 1.43% ending at 16,156.33 points after gaining 228.43 points during the week. Our system has detected some possible breakout stocks for the following week and these should be on your watchlist. These are the stocks that are bouncing up with good increase in volume and are likely to do good in short term. One of these stocks are Krungthai Card Public Company Limited SET:KTC-R. This stock has had a buy signal since May 03, 2024 when the price was ฿43.25 , but have so far fallen 0% to ฿43.25. Some other companies are on our watchlist to, among these are Krungthai Card Public Company Limited SET:KTC PTT Exploration and Production Public Company Limited SET:PTTEP-R PTT Exploration and Production Public Company Limited SET:PTTEP and Bangchak Corporation Public Company Limited SET:BCP which all got a breakout pattern emerging.
| Date | Company | Price | Week 19 |
|---|---|---|---|
| Krungthai Card Public Company Limited | ฿43.25 | ฿43.50 | 0.578% |
| Krungthai Card Public Company Limited | ฿43.25 | ฿43.50 | 0.578% |
| Ptt Exploration And Production Public Company Limi... | ฿152.00 | ฿153.50 | 0.99% |
| Ptt Exploration And Production Public Company Limi... | ฿152.00 | ฿153.50 | 0.99% |
| Bangchak Corporation Public Company Limited | ฿41.50 | ฿41.25 | -0.602% |
The Krungthai Card Public Company Limited stock price gained 1.17% on the last trading day (Friday, 3rd May 2024), rising from ฿42.75 to ฿43.25. During the last trading day the stock fluctuated 1.17% from a day low at ฿42.75 to a day high of ฿43.25. The price has fallen in 4 of the last 10 days and is down by -1.7% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 24 million more shares were traded than the day before. In total, 26 million shares were bought and sold for approximately ฿1.14 billion.
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Krungthai Card Public Company Limited stock to perform well in the short-term period.
About Krungthai Card Public Company Limited:
Abico Holdings Public Company Limited, together with its subsidiaries, engages in dairy farming business. It manufactures and sells UHT and pasteurized milk, and fruit juices. It is also involved in office space rental and agricultural business. The company was incorporated in 1992 and is based in Lam Luk Ka, Thailand.
The Krungthai Card Public Company Limited stock price gained 1.17% on the last trading day (Friday, 3rd May 2024), rising from ฿42.75 to ฿43.25. During the last trading day the stock fluctuated 1.17% from a day low at ฿42.75 to a day high of ฿43.25. The price has fallen in 4 of the last 10 days and is down by -1.7% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 24 million more shares were traded than the day before. In total, 26 million shares were bought and sold for approximately ฿1.14 billion.
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Krungthai Card Public Company Limited stock to perform well in the short-term period.
About Krungthai Card Public Company Limited:
Krungthai Card Public Company Limited engages in the credit card, personal loan, and other related businesses in Thailand. It operates as a payment service provider. Krungthai Card Public Company Limited was incorporated in 1996 and is headquartered in Bangkok, Thailand.
PTT Exploration and Production Public Company Limited
SET:PTTEP-RThe PTT Exploration and Production Public Co stock price gained 1.00% on the last trading day (Friday, 3rd May 2024), rising from ฿150.50 to ฿152.00. During the last trading day the stock fluctuated 1.33% from a day low at ฿150.00 to a day high of ฿152.00. The price has been going up and down for this period, and there has been a -4.4% loss for the last 2 weeks. Volume fell on the last day by -11 million shares and in total, 13 million shares were bought and sold for approximately ฿1.96 billion. 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.
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
About PTT Exploration and Production Public Company Limited:
Abico Holdings Public Company Limited, together with its subsidiaries, engages in dairy farming business. It manufactures and sells UHT and pasteurized milk, and fruit juices. It is also involved in office space rental and agricultural business. The company was incorporated in 1992 and is based in Lam Luk Ka, Thailand.
PTT Exploration and Production Public Company Limited
SET:PTTEP
The PTT Exploration and Production Public Co stock price gained 1.00% on the last trading day (Friday, 3rd May 2024), rising from ฿150.50 to ฿152.00. During the last trading day the stock fluctuated 1.33% from a day low at ฿150.00 to a day high of ฿152.00. The price has been going up and down for this period, and there has been a -4.4% loss for the last 2 weeks. Volume fell on the last day by -11 million shares and in total, 13 million shares were bought and sold for approximately ฿1.96 billion. 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.
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
About 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 addition, the company invests in cleaner energy and technology-related businesses. The company was founded in 1985 and is headquartered in Bangkok, Thailand. PTT Exploration and Production Public Company Limited is a subsidiary of PTT Public Company Limited.
The Bangchak Corp Public Co Ltd stock price gained 2.47% on the last trading day (Friday, 3rd May 2024), rising from ฿40.50 to ฿41.50. During the last trading day the stock fluctuated 2.47% from a day low at ฿40.50 to a day high of ฿41.50. The price has been going up and down for this period, and there has been a -4.05% loss for the last 2 weeks. Volume fell on the last day by -3 million shares and in total, 7 million shares were bought and sold for approximately ฿270.36 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.
Bangchak Corp Public Co Ltd 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.
Despite these candidates are looking good from a technical perspective they may not perform as expected. You should always be cautious when trading and base your decisions on more than one source of information. This does not constitute an offer or recommendation to buy or sell securities.
