Carabao Group Public Company Limited Fund Forecast
Red day on Tuesday for Carabao Group Public Company Limited
(Updated on Apr 23, 2024)
The Carabao Group Public Company Limited fund price fell by -0.380% on the last day (Tuesday, 23rd Apr 2024) from ฿65.75 to ฿65.50. During the last trading day the fund fluctuated 2.31% from a day low at ฿65.00 to a day high of ฿66.50. The price has risen in 5 of the last 10 days and is up by 6.5% over the past 2 weeks. Volume fell on the last day along with the fund, which is actually a good sign as volume should follow the fund. On the last day, the trading volume fell by -8 million shares and in total, 5 million shares were bought and sold for approximately ฿331.57 million.
Given the current short-term trend, the fund is expected to fall -18.95% during the next 3 months and, with a 90% probability hold a price between ฿47.78 and ฿53.09 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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CBG-R.BK Signals & Forecast
The Carabao Group Public Company Limited fund holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the fund has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ฿63.64 and ฿63.88. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 6.50%. Further rise is indicated until a new top pivot has been found. 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. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Carabao Group Public Company Limited fund
Carabao Group Public Company Limited finds support from accumulated volume at ฿63.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the fund moved ฿1.50 between high and low, or 2.31%. For the last week the fund has had daily average volatility of 3.03%.
Our recommended stop-loss: ฿62.55 (-4.50%) (This fund has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (CBG-R.BK) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Carabao Group Public Company Limited to open at ฿65.67, and during the day (based on 14 day Average True Range), to move between ฿63.74 and ฿67.26, which gives a possible trading interval of +/-฿1.76 (+/-2.68%) up or down from last closing price. If Carabao Group Public Company Limited takes out the full calculated possible swing range there will be an estimated 5.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿63.75 (2.67%) than the resistance at ฿71.50 (9.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Carabao Group Public Company Limited fund A Buy?
Several short-term signals are positive, despite the fund being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for fund to perform well in the short-term.
Current score: 1.345 Buy Candidate Unchanged
Predicted Opening Price for Carabao Group Public Company Limited of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| ฿65.67 ( 0.254%) | ฿65.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CBG-R.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 67.17 | 2.54 % | |
| R2 | 66.59 | 1.67 % | ||
| R1 | 66.24 | 1.13 % | ||
| Current price: | 65.50 | |||
| Support | S1 | 65.09 | -0.620 % | |
| S2 | 64.74 | -1.16 % | ||
| S3 | 64.17 | -2.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 73.25 | 11.83 % | |
| R2 | 72.50 | 10.69 % | ||
| R1 | 71.50 | 9.16 % | ||
| Current price | 65.50 | |||
| Support | S1 | 63.75 | -2.67% | |
| S2 | 63.50 | -3.05% | ||
| S3 | 63.00 | -3.82% |
CBG-R Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 02, 2023 | Mar 02, 2023 | Mar 02, 2023 | ฿0.750 | 0.769% |
| 2 | Aug 26, 2022 | Aug 26, 2022 | Aug 26, 2022 | ฿0.750 | 0.728% |
FAQ
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