Chularat Hospital Public Company Limited Stock Forecast
Chularat Hospital Public Company Limited stock price down 1.40% on Friday
(Updated on May 03, 2024)
The Chularat Hospital Public Company Limited stock price fell by -1.40% on the last day (Friday, 3rd May 2024) from ฿2.86 to ฿2.82. During the last trading day the stock fluctuated 0.709% from a day low at ฿2.82 to a day high of ฿2.84. The price has risen in 6 of the last 10 days and is up by 0.71% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -30 million shares and in total, 7 million shares were bought and sold for approximately ฿20.58 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.45% during the next 3 months and, with a 90% probability hold a price between ฿2.64 and ฿2.79 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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CHG-R.BK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.44%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Chularat Hospital Public Company Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ฿2.87 and ฿2.89. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Chularat Hospital Public Company Limited stock
Chularat Hospital Public Company Limited finds support from accumulated volume at ฿2.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ฿0.0200 between high and low, or 0.709%. For the last week the stock has had daily average volatility of 1.96%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CHG-R.BK) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Chularat Hospital Public Company Limited to open at ฿2.83, and during the day (based on 14 day Average True Range), to move between ฿2.76 and ฿2.88, which gives a possible trading interval of +/-฿0.0559 (+/-1.98%) up or down from last closing price. If Chularat Hospital Public Company Limited takes out the full calculated possible swing range there will be an estimated 3.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿2.80 (0.71%) than the resistance at ฿2.90 (2.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Chularat Hospital Public Company Limited will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for Chularat Hospital Public Company Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.89% in the first trading day after earnings release.
Is Chularat Hospital Public Company Limited stock A Buy?
Chularat Hospital Public Company Limited holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.442 Sell Candidate Unchanged
Predicted Opening Price for Chularat Hospital Public Company Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ฿2.83 ( 0.236%) | ฿2.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CHG-R.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.85 | 0.95 % | |
| R2 | 2.84 | 0.675 % | ||
| R1 | 2.83 | 0.507 % | ||
| Current price: | 2.82 | |||
| Support | S1 | 2.82 | -0.0345 % | |
| S2 | 2.81 | -0.202 % | ||
| S3 | 2.81 | -0.473 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.98 | 5.67 % | |
| R2 | 2.92 | 3.55 % | ||
| R1 | 2.90 | 2.84 % | ||
| Current price | 2.82 | |||
| Support | S1 | 2.80 | -0.709% | |
| S2 | 2.78 | -1.42% | ||
| S3 | 0 | . |
CHG-R Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 03, 2024 | May 03, 2024 | May 24, 2024 | ฿0.0500 | 1.76% |
| 2 | Aug 24, 2023 | Aug 24, 2023 | Aug 24, 2023 | ฿0.0200 | 0.671% |
| 3 | Apr 28, 2023 | Apr 28, 2023 | Apr 28, 2023 | ฿0.0750 | 2.14% |
| 4 | Aug 24, 2022 | Aug 24, 2022 | Aug 24, 2022 | ฿0.0850 | 2.34% |
| 5 | May 05, 2022 | May 05, 2022 | May 05, 2022 | ฿0.170 | 4.80% |
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