Charn Issara Development Public Co Ltd Stock Forecast
Red day on Tuesday for Charn Issara Development Public Co Ltd stock after losing 0%
(Updated on Jun 25, 2024)
No changes to the price of Charn Issara Development Public Co Ltd stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 3.92% from a day low at ฿0.510 to a day high of ฿0.530. The price has been going up and down for this period, and there has been a -1.89% loss for the last 2 weeks.
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 -12.18% during the next 3 months and, with a 90% probability hold a price between ฿0.447 and ฿0.488 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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CI.BK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. 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". Some negative signals were issued as well, and these may have some influence on the near short-term development. The Charn Issara Development Public Co Ltd 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 ฿0.523 and ฿0.557. 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).
Support, Risk & Stop-loss for Charn Issara Development Public Co Ltd 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 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 ฿0.0200 between high and low, or 3.92%. For the last week, the stock has had daily average volatility of 3.13%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CI.BK) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Charn Issara Development Public Company Limited to open at ฿0.520, and during the day (based on 14 day Average True Range), to move between ฿0.499 and ฿0.541, which gives a possible trading interval of +/-฿0.0211 (+/-4.06%) up or down from last closing price. If Charn Issara Development Public Company Limited takes out the full calculated possible swing range there will be an estimated 8.13% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ฿0.570, some ฿0.0500 (9.62%) from the current price of ฿0.520, our system finds the risk reward not very attractive.
Is Charn Issara Development Public Company Limited stock A Buy?
Charn Issara Development Public Co Ltd 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: -2.905 Sell Candidate Unchanged
Predicted Opening Price for Charn Issara Development Public Company Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ฿0.520 ( 0%) | ฿0.520 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CI.BK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.540 | 3.85% |
| R2 | 0.532 | 2.38% |
| R1 | 0.528 | 1.47% |
| Price | 0.520 | |
| S1 | 0.512 | -1.47% |
| S2 | 0.508 | -2.38% |
| S3 | 0.500 | -3.85% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.590 | 13.46% |
| R2 | 0.580 | 11.54% |
| R1 | 0.570 | 9.62% |
| Price | 0.520 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
CI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2020 | May 07, 2020 | May 07, 2020 | ฿0.0155 | 0% |
| 2 | May 03, 2019 | May 03, 2019 | May 03, 2019 | ฿0.0320 | 0% |
| 3 | May 07, 2018 | May 07, 2018 | May 07, 2018 | ฿0.0300 | 0% |
| 4 | May 04, 2017 | May 04, 2017 | May 04, 2017 | ฿0.0474 | 0% |
| 5 | May 09, 2016 | May 09, 2016 | May 09, 2016 | ฿0.0178 | 0% |
FAQ
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