Cal-Comp Electronics (Thailand) Public Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
High volatility in Cal-Comp Electronics (Thailand) Public stock price on Wednesday which ended trading at ฿3.24
(Updated on May 15, 2024)
The Cal-Comp Electronics (Thailand) Public stock price gained 21.80% on the last trading day (Wednesday, 15th May 2024), rising from ฿2.66 to ฿3.24. It has now gained 5 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 stock fluctuated 16.55% from a day low at ฿2.78 to a day high of ฿3.24. The price has risen in 7 of the last 10 days and is up by 40.87% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 268 million more shares were traded than the day before. In total, 285 million shares were bought and sold for approximately ฿922.18 million.
Given the current short-term trend, the stock is expected to fall -9.61% during the next 3 months and, with a 90% probability hold a price between ฿1.90 and ฿2.93 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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CCET.BK Signals & Forecast
The Cal-Comp Electronics (Thailand) Public stock 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 ฿2.62 and ฿2.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 47.27%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Cal-Comp Electronics (Thailand) Public stock
On the downside, the stock finds support just below today's level from accumulated volume at ฿3.00 and ฿2.68. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Cal-Comp Electronics (Thailand) Public finds support just below today's level at ฿3.00. If this is broken, then the next support from accumulated volume will be at ฿2.68 and ฿2.44.
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 ฿0.460 between high and low, or 16.55%. For the last week, the stock has had daily average volatility of 7.86%.
The Cal-Comp Electronics (Thailand) Public stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: ฿3.13 (-3.26%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 87 and this increases the risk substantially. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (CCET.BK) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect Cal-Comp Electronics (Thailand) Public Company Limited to open at ฿3.09, and during the day (based on 14 day Average True Range), to move between ฿3.10 and ฿3.38, which gives a possible trading interval of +/-฿0.138 (+/-4.25%) up or down from last closing price. If Cal-Comp Electronics (Thailand) Public Company Limited takes out the full calculated possible swing range there will be an estimated 8.50% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ฿3.00, some ฿0.240 (7.41%) from the current price of ฿3.24, our system finds the risk reward attractive.
Is Cal-Comp Electronics (Thailand) Public Company Limited stock A Buy?
Cal-Comp Electronics (Thailand) Public holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Cal-Comp Electronics (Thailand) Public Company Limited of Thursday, May 16, 2024
| Fair opening price May 16, 2024 | Current price |
|---|---|
| ฿3.09 ( 4.73%) | ฿3.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCET.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.55 | 9.47 % | |
| R2 | 3.37 | 4.04 % | ||
| R1 | 3.26 | 0.691 % | ||
| Current price: | 3.24 | |||
| Support | S1 | 2.91 | -10.16 % | |
| S2 | 2.80 | -13.51 % | ||
| S3 | 2.63 | -18.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 3.24 | |||
| Support | S1 | 3.00 | -7.41% | |
| S2 | 2.68 | -17.28% | ||
| S3 | 2.44 | -24.69% |
CCET Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 19, 2024 | Mar 19, 2024 | May 20, 2024 | ฿0.0750 | 2.33% |
| 2 | Aug 29, 2023 | Aug 29, 2023 | Aug 29, 2023 | ฿0.0400 | 2.07% |
| 3 | Mar 17, 2023 | Mar 17, 2023 | Mar 17, 2023 | ฿0.0094 | 0.445% |
| 4 | Aug 24, 2022 | Aug 24, 2022 | Aug 24, 2022 | ฿0.0185 | 0.83% |
| 5 | Mar 17, 2022 | Mar 17, 2022 | Mar 17, 2022 | ฿0.0087 | 0.338% |
FAQ
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