Carabao Group Public Company Limited Fund Forecast
Green day on Friday for Carabao Group Public Company Limited fund after gaining 0.722%
(Updated on May 03, 2024)
The Carabao Group Public Company Limited fund price gained 0.722% on the last trading day (Friday, 3rd May 2024), rising from ฿69.25 to ฿69.75. It has now gained 4 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 the last trading day the fund fluctuated 1.44% from a day low at ฿69.25 to a day high of ฿70.25. The price has risen in 6 of the last 10 days and is up by 11.16% over the past 2 weeks. Volume fell on the last day by -623 thousand shares and in total, 4 million shares were bought and sold for approximately ฿291.61 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.
Given the current short-term trend, the fund is expected to fall -12.02% during the next 3 months and, with a 90% probability hold a price between ฿51.69 and ฿61.37 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
Mostly positive signals in the chart today. 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. Also, 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 ฿67.04 and ฿64.28. 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 13.41%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The fund should be watched closely.
Support, Risk & Stop-loss for Carabao Group Public Company Limited fund
On the downside, the fund finds support just below today's level from accumulated volume at ฿65.50 and ฿63.50. There is a natural risk involved when a fund is testing a support level, since if this is broken, the fund then may fall to the next support level. In this case, Carabao Group Public Company Limited finds support just below today's level at ฿65.50. If this is broken, then the next support from accumulated volume will be at ฿63.50 and ฿63.00.
This fund has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the fund moved ฿1.00 between high and low, or 1.44%. For the last week, the fund has had daily average volatility of 2.48%.
Our recommended stop-loss: ฿66.80 (-4.24%) (This fund has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (CBG-R.BK) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Carabao Group Public Company Limited to open at ฿69.75, and during the day (based on 14 day Average True Range), to move between ฿68.01 and ฿71.49, which gives a possible trading interval of +/-฿1.74 (+/-2.50%) 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 5.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿71.50 (2.51%) than the support at ฿65.50 (6.09%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
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: 2.634 Buy Candidate Unchanged
Predicted Opening Price for Carabao Group Public Company Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ฿69.75 ( 0%) | ฿69.75 |
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 | 70.75 | 1.43 % | |
| R2 | 70.37 | 0.89 % | ||
| R1 | 70.13 | 0.548 % | ||
| Current price: | 69.75 | |||
| Support | S1 | 69.37 | -0.548 % | |
| S2 | 69.13 | -0.89 % | ||
| S3 | 68.75 | -1.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 73.25 | 5.02 % | |
| R2 | 72.50 | 3.94 % | ||
| R1 | 71.50 | 2.51 % | ||
| Current price | 69.75 | |||
| Support | S1 | 65.50 | -6.09% | |
| S2 | 63.50 | -8.96% | ||
| S3 | 63.00 | -9.68% |
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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