CK Power Public Company Limited Stock Forecast
Green day on Friday for CK Power Public Company Limited stock after gaining 3.11%
(Updated on May 03, 2024)
The CK Power Public Company Limited stock price gained 3.11% on the last trading day (Friday, 3rd May 2024), rising from ฿3.86 to ฿3.98. During the last trading day the stock fluctuated 3.61% from a day low at ฿3.88 to a day high of ฿4.02. The price has been going up and down for this period, and there has been a -3.86% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 million more shares were traded than the day before. In total, 12 million shares were bought and sold for approximately ฿45.78 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect CK Power Public Company Limited stock with a 90% probability to be traded between ฿3.80 and ฿4.27 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CKP.BK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 5.85%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The CK Power Public Company Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ฿4.03. On a fall, the stock will find some support from the short-term average at ฿3.89. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for CK Power Public Company Limited stock
CK Power Public Company Limited finds support from accumulated volume at ฿3.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ฿0.140 between high and low, or 3.61%. For the last week, the stock has had daily average volatility of 3.16%.
Our recommended stop-loss: ฿3.81 (-4.33%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (CKP.BK) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect CK Power Public Company Limited to open at ฿3.96, and during the day (based on 14 day Average True Range), to move between ฿3.86 and ฿4.10, which gives a possible trading interval of +/-฿0.121 (+/-3.04%) up or down from last closing price. If CK Power Public Company Limited takes out the full calculated possible swing range there will be an estimated 6.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿4.06 (2.01%) than the support at ฿3.86 (3.02%), 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.
Earnings coming up
CK Power Public Company Limited will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0300. We will update the financials statements for CK Power Public Company Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.95% in the first trading day after earnings release.
Is CK Power Public Company Limited stock A Buy?
CK Power 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.
Current score: -0.325 Hold/Accumulate Unchanged
Predicted Opening Price for CK Power Public Company Limited of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
฿3.96 ( 0.503%) | ฿3.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CKP.BK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.10 | 3.02 % | |
R2 | 4.05 | 1.67 % | ||
R1 | 4.01 | 0.84 % | ||
Current price: | 3.98 | |||
Support | S1 | 3.91 | -1.85 % | |
S2 | 3.87 | -2.68 % | ||
S3 | 3.82 | -4.02 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4.12 | 3.52 % | |
R2 | 4.10 | 3.02 % | ||
R1 | 4.06 | 2.01 % | ||
Current price | 3.98 | |||
Support | S1 | 3.86 | -3.02% | |
S2 | 3.82 | -4.02% | ||
S3 | 3.76 | -5.53% |
CKP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 07, 2024 | May 07, 2024 | May 23, 2024 | ฿0.0850 | 2.14% |
2 | May 03, 2023 | May 03, 2023 | May 03, 2023 | ฿0.0850 | 2.26% |
3 | May 05, 2022 | May 05, 2022 | May 05, 2022 | ฿0.0800 | 1.50% |
4 | Apr 28, 2021 | Apr 28, 2021 | Apr 28, 2021 | ฿0.0350 | 0.748% |
5 | Apr 26, 2021 | Apr 26, 2021 | Apr 26, 2021 | ฿0.0350 | 0.761% |
FAQ
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