RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CK.BK
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CH. Karnchang Public Company Limited stock downgraded to Sell Candidate
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The CH. Karnchang Public Company Limited stock price fell by -0.88% on the last day (Thursday, 28th Mar 2024) from ฿22.80 to ฿22.60. During the last trading day the stock fluctuated 2.23% from a day low at ฿22.40 to a day high of ฿22.90. The price has fallen in 7 of the last 10 days and is down by -5.44% for this period. 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 -3 million shares and in total, 10 million shares were bought and sold for approximately ฿235.12 million.

The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ฿22.22 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.63% during the next 3 months and, with a 90% probability hold a price between ฿24.36 and ฿26.88 at the end of this 3-month period.

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CK.BK Signals & Forecast

There are few to no technical positive signals at the moment. The CH. Karnchang 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 ฿22.91 and ฿23.23. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 15, 2024, and so far it has fallen -6.61%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for CH. Karnchang Public Company Limited stock

CH. Karnchang Public Company Limited finds support from accumulated volume at ฿22.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ฿0.500 (2.23%) between high and low. For the last week, the stock has had daily average volatility of 2.58%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CK.BK) For The Upcoming Trading Day Of Friday 29th

For the upcoming trading day on Friday, 29th we expect CH. Karnchang Public Company Limited to open at ฿22.63, and during the day (based on 14 day Average True Range), to move between ฿22.04 and ฿23.16, which gives a possible trading interval of +/-฿0.563 (+/-2.49%) up or down from last closing price. If CH. Karnchang Public Company Limited takes out the full calculated possible swing range there will be an estimated 4.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ฿22.50 (0.44%) than the resistance at ฿22.80 (0.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is CH. Karnchang Public Company Limited stock A Buy?

The CH. Karnchang Public Company Limited stock holds several negative signals and despite the positive trend, we believe CH. Karnchang Public Company Limited will perform weakly in the next couple of days or weeks. Therefore, we 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: -1.835 Sell Candidate Downgraded

Predicted Opening Price for CH. Karnchang Public Company Limited of Friday, March 29, 2024

Fair opening price March 29, 2024 Current price
฿22.63 ( 0.147%) ฿22.60

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for CK.BK

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 23.13 2.36 %
R2 22.94 1.51 %
R1 22.82 0.99 %
Current price: 22.60
Support S1 22.44 -0.698 %
S2 22.32 -1.22 %
S3 22.13 -2.06 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 23.50 3.98 %
R2 23.40 3.54 %
R1 22.80 0.88 %
Current price 22.60
Support S1 22.50 -0.442%
S2 22.20 -1.77%
S3 21.60 -4.42%

CK Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 13, 2024 Mar 13, 2024 May 02, 2024 ฿0.150 0.661%
2 Aug 28, 2023 Aug 28, 2023 Aug 28, 2023 ฿0.150 0.652%
3 Mar 13, 2023 Mar 13, 2023 Mar 13, 2023 ฿0.100 0.508%
4 Aug 26, 2022 Aug 26, 2022 Aug 26, 2022 ฿0.150 0.718%
5 Mar 14, 2022 Mar 14, 2022 Mar 14, 2022 ฿0.250 1.23%

FAQ

What is the symbol for CH. Karnchang Public Company Limited Stock and on which exchange is it traded?
The symbol for CH. Karnchang Public Company Limited is CK.BK and it is traded on the SET (Stock Exchange of Thailand).

Should I buy or sell CH. Karnchang Public Company Limited Stock?
The CH. Karnchang Public Company Limited stock holds several negative signals and despite the positive trend, we believe CH. Karnchang Public Company Limited will perform weakly in the next couple of days or weeks. Therefore, we 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.

How to buy CH. Karnchang Public Company Limited Stock?
CH. Karnchang Public Company Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy CH. Karnchang Public Company Limited Stock.

What's the current price of CH. Karnchang Public Company Limited Stock?
As of the end of day on the 2024-03-28, the price of an CH. Karnchang Public Company Limited (CK.BK) share was ฿22.60.

What is the 52-week high and low for CH. Karnchang Public Company Limited Stock?
The 52-week high for CH. Karnchang Public Company Limited Stock is ฿24.60 and the 52-week low is ฿17.80.

What is the market capitalization of CH. Karnchang Public Company Limited Stock?
As of the 2024-03-28, the market capitalization of CH. Karnchang Public Company Limited is 38.282B.

When is the next earnings date for CH. Karnchang Public Company Limited?
The upcoming earnings date for CH. Karnchang Public Company Limited is May 13, 2024.
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About CH. Karnchang Public Company Limited

CH. Karnchang Public Company Limited CH. Karnchang Public Company Limited, together with its subsidiaries, provides construction services in Thailand and the Lao People's Democratic Republic. The company offers engineering and construction services for infrastructure construction work, including roads, bridges, elevated roads, expressways, and building and industrial factory construction work, as well as mechanical and electrical equipment work comprising installation of equipment a... CK.BK Profile

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