Christiani & Nielsen (Thai) Public Co Stock Forecast
Green day on Friday for Christiani & Nielsen (Thai) Public Co stock after gaining 1.40%
(Updated on May 03, 2024)
The Christiani & Nielsen (Thai) Public Co stock price gained 1.40% on the last trading day (Friday, 3rd May 2024), rising from ฿1.43 to ฿1.45. During the last trading day the stock fluctuated 6.94% from a day low at ฿1.44 to a day high of ฿1.54. The price has risen in 5 of the last 10 days. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately ฿4.46 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ฿1.40 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 35.08% during the next 3 months and, with a 90% probability hold a price between ฿1.89 and ฿2.96 at the end of this 3-month period.
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CNT.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 Christiani & Nielsen (Thai) Public Co 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 ฿1.52. On a fall, the stock will find some support from the short-term average at ฿1.44. 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 Monday, March 18, 2024, and so far it has fallen -23.68%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Christiani & Nielsen (Thai) Public Co stock
Christiani & Nielsen (Thai) Public Co finds support from accumulated volume at ฿1.41 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 ฿0.100 between high and low, or 6.94%. For the last week, the stock has had daily average volatility of 5.29%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CNT.BK) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Christiani & Nielsen (Thai) Public Company Limited to open at ฿1.48, and during the day (based on 14 day Average True Range), to move between ฿1.34 and ฿1.56, which gives a possible trading interval of +/-฿0.107 (+/-7.40%) up or down from last closing price. If Christiani & Nielsen (Thai) Public Company Limited takes out the full calculated possible swing range there will be an estimated 14.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿1.49 (2.76%) than the support at ฿1.41 (2.76%), 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 Christiani & Nielsen (Thai) Public Company Limited stock A Buy?
Christiani & Nielsen (Thai) Public Co 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: -3.831 Sell Candidate Unchanged
Predicted Opening Price for Christiani & Nielsen (Thai) Public Company Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ฿1.48 ( 1.84%) | ฿1.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CNT.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.58 | 8.74 % | |
| R2 | 1.54 | 6.10 % | ||
| R1 | 1.51 | 4.47 % | ||
| Current price: | 1.45 | |||
| Support | S1 | 1.44 | -0.795 % | |
| S2 | 1.41 | -2.42 % | ||
| S3 | 1.38 | -5.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.70 | 17.24 % | |
| R2 | 1.58 | 8.97 % | ||
| R1 | 1.49 | 2.76 % | ||
| Current price | 1.45 | |||
| Support | S1 | 1.41 | -2.76% | |
| S2 | 1.40 | -3.45% | ||
| S3 | 1.16 | -20.00% |
CNT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 11, 2021 | Mar 11, 2021 | Mar 11, 2021 | ฿0.0500 | 0% |
| 2 | Mar 17, 2020 | Mar 17, 2020 | Mar 17, 2020 | ฿0.0400 | 0% |
| 3 | Mar 13, 2018 | Mar 13, 2018 | Mar 13, 2018 | ฿0.0500 | 0% |
| 4 | Aug 23, 2017 | Aug 23, 2017 | Aug 23, 2017 | ฿0.0500 | 0% |
| 5 | Mar 23, 2017 | Mar 23, 2017 | Mar 23, 2017 | ฿0.0500 | 0% |
FAQ
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