Salee Colour Public Company Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Salee Colour Public Company Limited stock price ended at ฿1.40 on Tuesday, after losing 0.709%.
(Updated on Apr 30, 2024)
The Salee Colour Public Company Limited stock price fell by -0.709% on the last day (Tuesday, 30th Apr 2024) from ฿1.41 to ฿1.40. During the last trading day the stock fluctuated 1.43% from a day low at ฿1.40 to a day high of ฿1.42. The price has fallen in 4 of the last 10 days. 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 -395 thousand shares and in total, 4 thousand shares were bought and sold for approximately ฿5.88 thousand.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ฿1.42 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Salee Colour Public Company Limited stock with a 90% probability to be traded between ฿1.33 and ฿1.42 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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COLOR.BK Signals & Forecast
The Salee Colour Public Company Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ฿1.40 and ฿1.36. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -0.709%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Monday, April 29, 2024 and based on theory for this formation the price should fall by -7.11% to ฿1.30 within 46 trading days since signal was issued (Thursday, May 02, 2024).
Support, Risk & Stop-loss for Salee Colour Public Company Limited stock
Salee Colour Public Company Limited finds support from accumulated volume at ฿1.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved ฿0.0200 between high and low, or 1.43%. For the last week the stock has had daily average volatility of 2.02%
Our recommended stop-loss: ฿1.34 (-4.27%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (COLOR.BK) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Salee Colour Public Company Limited to open at ฿1.41, and during the day (based on 14 day Average True Range), to move between ฿1.37 and ฿1.43, which gives a possible trading interval of +/-฿0.0261 (+/-1.86%) up or down from last closing price. If Salee Colour Public Company Limited takes out the full calculated possible swing range there will be an estimated 3.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿1.41 (0.71%) than the support at ฿1.39 (0.71%), 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 Salee Colour Public Company Limited stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Salee Colour Public Company Limited stock to perform well in the short-term period.
Current score: 1.538 Buy Candidate Unchanged
Predicted Opening Price for Salee Colour Public Company Limited of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| ฿1.41 ( 0.476%) | ฿1.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COLOR.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.43 | 1.90 % | |
| R2 | 1.42 | 1.36 % | ||
| R1 | 1.41 | 1.02 % | ||
| Current price: | 1.40 | |||
| Support | S1 | 1.40 | -0.0695 % | |
| S2 | 1.39 | -0.407 % | ||
| S3 | 1.39 | -0.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.43 | 2.14 % | |
| R2 | 1.42 | 1.43 % | ||
| R1 | 1.41 | 0.714 % | ||
| Current price | 1.40 | |||
| Support | S1 | 1.39 | -0.714% | |
| S2 | 1.38 | -1.43% | ||
| S3 | 1.35 | -3.57% |
COLOR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2024 | May 07, 2024 | May 24, 2024 | ฿0.0300 | 2.14% |
| 2 | May 03, 2023 | May 03, 2023 | May 03, 2023 | ฿0.0800 | 4.97% |
| 3 | May 05, 2022 | May 05, 2022 | May 05, 2022 | ฿0.0500 | 2.59% |
| 4 | May 07, 2021 | May 07, 2021 | May 07, 2021 | ฿0.0500 | 2.76% |
| 5 | May 07, 2020 | May 07, 2020 | May 07, 2020 | ฿0.0400 | 4.71% |
FAQ
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