Chularat Hospital Public Company Limited Stock Forecast

Chularat Hospital Public Company Limited stock price ended at ฿2.92 on Friday, after losing 0.680%.
(Updated on May 24, 2024)

CHG-R.BK Signals & Forecast

The Chularat Hospital Public Company Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ฿2.97. On a fall, the stock will find some support from the long-term average at approximately ฿2.89. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -4.58%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Chularat Hospital Public Company Limited stock

Chularat Hospital Public Company Limited finds support from accumulated volume at ฿2.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ฿0.0400 (1.37%) between high and low. For the last week, the stock has had daily average volatility of 2.72%.

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 Monday 27th

For the upcoming trading day on Monday, 27th we expect Chularat Hospital Public Company Limited to open at ฿2.93, and during the day (based on 14 day Average True Range), to move between ฿2.85 and ฿2.99, which gives a possible trading interval of +/-฿0.0682 (+/-2.33%) 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 4.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ฿2.94 (0.68%) than the support at ฿2.90 (0.68%), 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 Chularat Hospital Public Company Limited stock A Buy?

Chularat Hospital Public Company Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.359 Sell Candidate Unchanged

Predicted Opening Price for Chularat Hospital Public Company Limited of Monday, May 27, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.