Cho Thavee Public Company Limited Stock Forecast
Volatile ride for Cho Thavee Public Company Limited stock price on Tuesday moving between ฿0.0500 and ฿0.0700
(Updated on Jul 02, 2024)
No changes to the price of Cho Thavee Public Company Limited stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 40.00% from a day low at ฿0.0500 to a day high of ฿0.0700. The price has been going up and down for this period, and there has been a -14.29% loss for the last 2 weeks.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ฿0.0562 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -47.59% during the next 3 months and, with a 90% probability hold a price between ฿0.0295 and ฿0.0412 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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CHO.BK Signals & Forecast
There are mixed signals in the stock today. The Cho Thavee 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 ฿0.0671 and ฿0.0800. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has fallen 0%. 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 gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point".
Support, Risk & Stop-loss for Cho Thavee Public Company Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ฿0.0200 between high and low, or 40.00%. For the last week, the stock has had daily average volatility of 38.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CHO.BK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Cho Thavee Public Company Limited to open at ฿0.0600, and during the day (based on 14 day Average True Range), to move between ฿0.0442 and ฿0.0758, which gives a possible trading interval of +/-฿0.0158 (+/-26.34%) up or down from last closing price. If Cho Thavee Public Company Limited takes out the full calculated possible swing range there will be an estimated 52.67% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ฿0.0700, some ฿0.0100 (16.67%) from the current price of ฿0.0600, our system finds the risk reward not very attractive.
Is Cho Thavee Public Company Limited stock A Buy?
Cho Thavee 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.625 Sell Candidate Upgraded
Predicted Opening Price for Cho Thavee Public Company Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| ฿0.0600 ( 0%) | ฿0.0600 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CHO.BK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0800 | 33.33% |
| R2 | 0.0724 | 20.60% |
| R1 | 0.0676 | 12.73% |
| Price | 0.0600 | |
| S1 | 0.0524 | -12.73% |
| S2 | 0.0476 | -20.60% |
| S3 | 0.0400 | -33.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0.0700 | 16.67% |
| Price | 0.0600 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
CHO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 11, 2020 | May 11, 2020 | May 11, 2020 | ฿0.0210 | 0.228% |
| 2 | Apr 27, 2016 | Apr 27, 2016 | Apr 27, 2016 | ฿0.0058 | 0.0139% |
| 3 | May 07, 2015 | May 07, 2015 | May 07, 2015 | ฿0.0550 | 0.0818% |
| 4 | Apr 22, 2014 | Apr 22, 2014 | Apr 22, 2014 | ฿0.0136 | 0.0405% |
FAQ
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