Chularat Hospital Public Company Limited Stock Forecast
Red day on Tuesday for Chularat Hospital Public Company Limited stock after losing 0.709%
(Updated on May 07, 2024)
The Chularat Hospital Public Company Limited stock price fell by -0.709% on the last day (Tuesday, 7th May 2024) from ฿2.82 to ฿2.80. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.16% from a day low at ฿2.78 to a day high of ฿2.84. The price has risen in 6 of the last 10 days and is up by 0.72% over the past 2 weeks. Volume has increased on the last day by 7 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 15 million shares were bought and sold for approximately ฿41.42 million.
The stock lies in the middle of a narrow and 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 -4.29% during the next 3 months and, with a 90% probability hold a price between ฿2.64 and ฿2.77 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CHG.BK Signals & Forecast
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. 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 ฿2.86 and ฿2.89. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -3.45%. 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 ฿2.78 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 ฿0.0600 between high and low, or 2.16%. For the last week the stock has had daily average volatility of 1.98%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CHG.BK) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Chularat Hospital Public Company Limited to open at ฿2.81, and during the day (based on 14 day Average True Range), to move between ฿2.74 and ฿2.86, which gives a possible trading interval of +/-฿0.0558 (+/-1.99%) 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 3.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿2.78 (0.71%) than the resistance at ฿2.90 (3.57%), 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.The consensus among the analysts for the expected earnings (EPS) is $0.0200. 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 +/- 3.54% 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 narrow and 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: -2.541 Sell Candidate Unchanged
Predicted Opening Price for Chularat Hospital Public Company Limited of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| ฿2.81 ( 0.238%) | ฿2.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CHG.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.87 | 2.38 % | |
| R2 | 2.84 | 1.56 % | ||
| R1 | 2.83 | 1.06 % | ||
| Current price: | 2.80 | |||
| Support | S1 | 2.78 | -0.580 % | |
| S2 | 2.77 | -1.09 % | ||
| S3 | 2.75 | -1.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.94 | 5.00 % | |
| R2 | 2.92 | 4.29 % | ||
| R1 | 2.90 | 3.57 % | ||
| Current price | 2.80 | |||
| Support | S1 | 2.78 | -0.714% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
CHG 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% |
FAQ
Click here for our free guide on how to buy Chularat Hospital Public Company Limited Stock.
