Breakout Stocks of Week 22 @ SET
NASDAQ was up last week (week 21) by 1.33% ending at 16,920.80 points after gaining 222.47 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 Ubon Bio Ethanol Public Company Limited SET:UBE. This stock has had a buy signal since May 15, 2024 when the price was ฿0.86 , but have so far fallen -2.33% to ฿0.84. Some other companies are on our watchlist to, among these are Irpc Public Company Limited SET:IRPC The Erawan Group Public Company Limited SET:ERW PTT Exploration and Production Public Company Limited SET:PTTEP and PTT Exploration and Production Public Company Limited SET:PTTEP-R which all got a breakout pattern emerging.
| Date | Company | Price | Week 22 |
|---|---|---|---|
| Ubon Bio Ethanol Public Company Limited | ฿0.84 | ฿0.82 | -2.38% |
| Irpc Public Company Limited | ฿1.92 | ฿1.90 | -1.04% |
| The Erawan Group Public Company Limited | ฿4.56 | ฿4.74 | 3.95% |
| Ptt Exploration And Production Public Company Limi... | ฿154.00 | ฿154.00 | 0% |
| Ptt Exploration And Production Public Company Limi... | ฿154.00 | ฿154.00 | 0% |
The Ubon Bio Ethanol Public Company Limited stock price gained 1.20% on the last trading day (Friday, 24th May 2024), rising from ฿0.83 to ฿0.84. During the last trading day the stock fluctuated 2.44% from a day low at ฿0.82 to a day high of ฿0.84. The price has fallen in 5 of the last 10 days and is down by -3.45% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 169 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately ฿2.32 million.
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ubon Bio Ethanol Public Company Limited stock to perform well in the short-term.
The Irpc Public Company Limited stock price gained 0.524% on the last trading day (Friday, 24th May 2024), rising from ฿1.91 to ฿1.92. During the last trading day the stock fluctuated 1.05% from a day low at ฿1.90 to a day high of ฿1.92. The price has risen in 5 of the last 10 days but is still down by -1.03% for this period. Volume fell on the last day by -6 million shares and in total, 21 million shares were bought and sold for approximately ฿40.65 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.
Irpc 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.
The The Erawan Group Public Company Limited stock price gained 1.79% on the last trading day (Friday, 24th May 2024), rising from ฿4.48 to ฿4.56. During the last trading day the stock fluctuated 4.59% from a day low at ฿4.36 to a day high of ฿4.56. The price has fallen in 7 of the last 10 days and is down by -6.56% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 15 million shares were bought and sold for approximately ฿66.52 million.
The Erawan Group 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.
About The Erawan Group Public Company Limited:
The Erawan Group Public Company Limited, through its subsidiaries, engages in hotel, and building rental and management businesses in Thailand. The company operates hotels and resorts under the Grand Hyatt Erawan Bangkok, JW Marriott Bangkok, The Naka Island, Renaissance Koh Samui Resort and Spa, Courtyard by Marriott Bangkok, Holiday Inn Pattaya, Mercure Bangkok Siam, ibis Hotel, Novotel Bangkok Sukhumvit 4, Mercure Bangkok Sukhumvit 24, ibis Styles Bangkok Sukhumvit 4, ibis Bangkok Siam, ibis Styles Krabi Ao Nang, ibis Pattaya, ibis Phuket Patong, ibis Phuket Kata, ibis Samui Bophut, ibis Hua Hin, and HOP INN names. It also owns and operates retail property under the name Erawan Bangkok, and manages Ploenchit Center a luxury retail property adjacent to Grand Hyatt Erawan Hotel, and manages Ploenchit Center. As of December 31, 2021, it owned 73 hotels with 9,807 rooms. The company is also involved in the development of properties; retail space rental; and provision of office buildings management services. The Erawan Group Public Company Limited was incorporated in 1982 and is headquartered in Bangkok, Thailand.
PTT Exploration and Production Public Company Limited
SET:PTTEP
No changes to the price of PTT Exploration and Production Public Co stock on the last trading day (Friday, 24th May 2024). During the last trading day the stock fluctuated 0.654% from a day low at ฿153.00 to a day high of ฿154.00. The price has risen in 5 of the last 10 days and is up by 0.98% over the past 2 weeks.
PTT Exploration and Production Public Co 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.
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.
PTT Exploration and Production Public Company Limited
SET:PTTEP-RNo changes to the price of PTT Exploration and Production Public Co stock on the last trading day (Friday, 24th May 2024). During the last trading day the stock fluctuated 0.654% from a day low at ฿153.00 to a day high of ฿154.00. The price has risen in 5 of the last 10 days and is up by 0.98% over the past 2 weeks.
PTT Exploration and Production Public Co 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.
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.
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.
