C.I. Group Public Company Limited Stock Forecast
Volatile ride for C.I. Group Public Company Limited stock price on Thursday moving between ฿0.0600 and ฿0.0700
(Updated on May 30, 2024)
The C.I. Group Public Company Limited stock price fell by -14.29% on the last day (Thursday, 30th May 2024) from ฿0.0700 to ฿0.0600. 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 been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -18 thousand shares and in total, 2 million shares were bought and sold for approximately ฿104.43 thousand.
The stock lies in the middle of a very wide 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 -23.77% during the next 3 months and, with a 90% probability hold a price between ฿0.0358 and ฿0.0531 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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CIG.BK Signals & Forecast
There are few to no technical positive signals at the moment. The C.I. Group 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 ฿0.0629 and ฿0.0637. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 29, 2024, and so far it has fallen -14.29%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
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 ฿0.0500. 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 periodic low trading volume 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 26.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CIG.BK) For The Upcoming Trading Day Of Friday 31st
For the upcoming trading day on Friday, 31st we expect C.I. Group Public Company Limited to open at ฿0.0633, and during the day (based on 14 day Average True Range), to move between ฿0.0467 and ฿0.0733, which gives a possible trading interval of +/-฿0.0133 (+/-22.20%) 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 44.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿0.0500 (16.67%) than the resistance at ฿0.0700 (16.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is C.I. Group Public Company Limited stock A Buy?
C.I. Group Public Company Limited holds several negative signals and is within a very wide 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.638 Sell Candidate Downgraded
Predicted Opening Price for C.I. Group Public Company Limited of Friday, May 31, 2024
| Fair opening price May 31, 2024 | Current price |
|---|---|
| ฿0.0633 ( 5.56%) | ฿0.0600 |
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 | 0.0733 | 22.22 % | |
| R2 | 0.0695 | 15.86 % | ||
| R1 | 0.0672 | 11.92 % | ||
| Current price: | 0.0600 | |||
| Support | S1 | 0.0595 | -0.81 % | |
| S2 | 0.0572 | -4.74 % | ||
| S3 | 0.0533 | -11.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0.0700 | 16.67 % | ||
| Current price | 0.0600 | |||
| Support | S1 | 0.0500 | -16.67% | |
| 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
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