Com7 Public Company Limited Stock Forecast
Green day on Tuesday for Com7 Public Company Limited
(Updated on Jul 02, 2024)
The Com7 Public Company Limited stock price gained 0.526% on the last trading day (Tuesday, 2nd Jul 2024), rising from ฿19.00 to ฿19.10. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.21% from a day low at ฿18.70 to a day high of ฿19.30. The price has risen in 7 of the last 10 days and is up by 14.37% over the past 2 weeks. Volume fell on the last day by -15 million shares and in total, 18 million shares were bought and sold for approximately ฿337.02 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to fall -7.64% during the next 3 months and, with a 90% probability hold a price between ฿15.04 and ฿17.64 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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COM7.BK Signals & Forecast
Mostly positive signals in the chart today. The Com7 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 ฿18.11 and ฿17.96. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 15.76%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Com7 Public Company Limited stock
Com7 Public Company Limited finds support from accumulated volume at ฿19.00 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 ฿0.600 between high and low, or 3.21%. For the last week, the stock has had daily average volatility of 3.55%.
Our recommended stop-loss: ฿18.48 (-3.27%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (COM7.BK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Com7 Public Company Limited to open at ฿19.03, and during the day (based on 14 day Average True Range), to move between ฿18.48 and ฿19.72, which gives a possible trading interval of +/-฿0.617 (+/-3.23%) up or down from last closing price. If Com7 Public Company Limited takes out the full calculated possible swing range there will be an estimated 6.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿19.00 (0.52%) than the resistance at ฿19.30 (1.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Com7 Public Company Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.628 Buy Candidate Unchanged
Predicted Opening Price for Com7 Public Company Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| ฿19.03 ( 0.349%) | ฿19.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COM7.BK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.63 | 2.79% |
| R2 | 19.40 | 1.59% |
| R1 | 19.26 | 0.85% |
| Price | 19.10 | |
| S1 | 18.80 | -1.55% |
| S2 | 18.66 | -2.29% |
| S3 | 18.43 | -3.49% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.60 | 2.62% |
| R2 | 19.50 | 2.09% |
| R1 | 19.30 | 1.05% |
| Price | 19.10 | |
| S1 | 19.00 | -0.524% |
| S2 | 18.60 | -2.62% |
| S3 | 18.30 | -4.19% |
COM7 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 07, 2024 | May 10, 2024 | ฿0.700 | 3.59% |
| 2 | Mar 08, 2023 | Mar 08, 2023 | Mar 08, 2023 | ฿0.750 | 2.46% |
| 3 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | ฿1.00 | 2.38% |
| 4 | Mar 11, 2022 | Mar 11, 2022 | Mar 11, 2022 | ฿1.00 | 2.37% |
| 5 | Apr 29, 2021 | Apr 29, 2021 | Apr 29, 2021 | ฿0.500 | 1.33% |
FAQ
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