Chiang Mai Ram Medical Business Public Stock Forecast

Chiang Mai Ram Medical Business Public stock price down 0% on Wednesday
(Updated on Apr 24, 2024)

CMR.BK Signals & Forecast

There are mixed signals in the stock today. The Chiang Mai Ram Medical Business Public 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 ฿1.96 and ฿2.01. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has fallen 0%. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point".

Support, Risk & Stop-loss for Chiang Mai Ram Medical Business Public stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ฿0.0100 between high and low, or 0.513%. For the last week the stock has had daily average volatility of 1.24%.

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

Trading Expectations (CMR.BK) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Chiang Mai Ram Medical Business Public Company Limited to open at ฿1.95, and during the day (based on 14 day Average True Range), to move between ฿1.92 and ฿1.98, which gives a possible trading interval of +/-฿0.0335 (+/-1.72%) up or down from last closing price. If Chiang Mai Ram Medical Business Public Company Limited takes out the full calculated possible swing range there will be an estimated 3.44% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ ฿2.02, some ฿0.0700 (3.59%) from the current price of ฿1.95, our system finds the risk reward not very attractive.

Is Chiang Mai Ram Medical Business Public Company Limited stock A Buy?

Chiang Mai Ram Medical Business Public holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.243 Sell Candidate Unchanged

Predicted Opening Price for Chiang Mai Ram Medical Business Public Company Limited of Thursday, April 25, 2024

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