C.I. Group Public Company Limited Stock Forecast
High volatility in C.I. Group Public Company Limited stock price on Wednesday which ended trading at ฿0.0700
(Updated on May 08, 2024)
The C.I. Group Public Company Limited stock price gained 16.67% on the last trading day (Wednesday, 8th May 2024), rising from ฿0.0600 to ฿0.0700. During the last trading day the stock fluctuated 16.67% from a day low at ฿0.0600 to a day high of ฿0.0700. The price has risen in 4 of the last 10 days and is up by 16.67% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 7 million shares were bought and sold for approximately ฿475.22 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ฿0.0734 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -22.30% during the next 3 months and, with a 90% probability hold a price between ฿0.0314 and ฿0.0570 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.
CIG.BK Signals & Forecast
The C.I. Group Public Company Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ฿0.0657 and ฿0.0694. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 09, 2024, and so far it has risen 16.67%. 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). C.I. Group Public Company Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
A buy signal from a double bottom formation was found on Tuesday, April 09, 2024 and based on theory for this formation the price should go up by 23.81% to ฿0.0867 within 36 trading days since signal was issued (Thursday, May 09, 2024).
Support, Risk & Stop-loss for C.I. Group Public Company Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ฿0.0600. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at ฿ may give a huge drop in the stock price.
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 ฿0.0100 between high and low, or 16.67%. For the last week, the stock has had daily average volatility of 16.67%.
Our recommended stop-loss: ฿0.0665 (-5.00%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (CIG.BK) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect C.I. Group Public Company Limited to open at ฿0.0667, and during the day (based on 14 day Average True Range), to move between ฿0.0593 and ฿0.0807, which gives a possible trading interval of +/-฿0.0107 (+/-15.35%) up or down from last closing price. If C.I. Group Public Company Limited takes out the full calculated possible swing range there will be an estimated 30.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿0.0800 (14.29%) than the support at ฿0.0600 (14.29%), 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 C.I. Group Public Company Limited stock A Buy?
C.I. Group Public Company Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Hold/Accumulate candidate.
Current score: 0.421 Hold/Accumulate Upgraded
Predicted Opening Price for C.I. Group Public Company Limited of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| ฿0.0667 ( 4.76%) | ฿0.0700 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CIG.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0767 | 9.52 % | |
| R2 | 0.0728 | 4.07 % | ||
| R1 | 0.0705 | 0.695 % | ||
| Current price: | 0.0700 | |||
| Support | S1 | 0.0628 | -10.22 % | |
| S2 | 0.0605 | -13.59 % | ||
| S3 | 0.0567 | -19.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.0800 | 14.29 % | ||
| Current price | 0.0700 | |||
| Support | S1 | 0.0600 | -14.29% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
CIG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 19, 2009 | Mar 19, 2009 | Mar 19, 2009 | ฿0.0250 | 0% |
| 2 | Nov 23, 2007 | Nov 23, 2007 | Nov 23, 2007 | ฿0.100 | 0% |
| 3 | Aug 08, 2007 | Aug 08, 2007 | Aug 08, 2007 | ฿0.0500 | 0% |
| 4 | Nov 16, 2006 | Nov 16, 2006 | Nov 16, 2006 | ฿0.0550 | 0% |
| 5 | Aug 19, 2005 | Aug 19, 2005 | Aug 19, 2005 | ฿0.0750 | 0% |
FAQ
Click here for our free guide on how to buy C.I. Group Public Company Limited Stock.
