CK Power Public Company Limited Stock Forecast

Stronger technical forecast for CK Power Public Company Limited stock price after Friday trading.
(Updated on May 24, 2024)

CKP.BK Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 ฿4.02. On a fall, the stock will find some support from the short-term average at ฿3.95. 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. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -1.96%. Further fall is indicated until a new bottom pivot has been found.

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Friday, April 26, 2024 and based on theory for this formation the price should go up by 14.44% to ฿4.58 within 36 trading days since signal was issued (Monday, May 27, 2024).

Support, Risk & Stop-loss for CK Power Public Company Limited stock

CK Power Public Company Limited finds support from accumulated volume at ฿3.94 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 ฿0.120 (3.06%) between high and low. For the last week, the stock has had daily average volatility of 2.65%.

Our recommended stop-loss: ฿3.84 (-3.98%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (CKP.BK) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect CK Power Public Company Limited to open at ฿3.99, and during the day (based on 14 day Average True Range), to move between ฿3.89 and ฿4.11, which gives a possible trading interval of +/-฿0.114 (+/-2.85%) 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 5.70% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ฿4.04 (1.00%) than the support at ฿3.94 (1.50%), 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 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.085 Hold/Accumulate Upgraded

Predicted Opening Price for CK Power Public Company Limited of Monday, May 27, 2024

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