CP ALL Public Company Limited Stock Forecast
CP ALL Public Company Limited stock downgraded from Buy Candidate to Hold/Accumulate after Monday trading session.
(Updated on Jun 24, 2024)
The CP ALL Public Company Limited stock price gained 2.29% on the last trading day (Monday, 24th Jun 2024), rising from ฿54.50 to ฿55.75. During the last trading day the stock fluctuated 3.23% from a day low at ฿54.25 to a day high of ฿56.00. The price has fallen in 6 of the last 10 days and is down by -3.04% for this period. Volume fell on the last day by -24 million shares and in total, 23 million shares were bought and sold for approximately ฿1.30 billion. 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.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ฿54.31 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 2.73% during the next 3 months and, with a 90% probability hold a price between ฿55.79 and ฿63.42 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CPALL-R.BK Signals & Forecast
There are mixed signals in the stock today. The CP ALL 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 ฿57.71. On a fall, the stock will find some support from the short-term average at ฿55.25. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 2.76%. Further rise is indicated until a new top pivot has been found. 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 CP ALL Public Company Limited stock
CP ALL Public Company Limited finds support from accumulated volume at ฿55.50 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 ฿1.75 (3.23%) between high and low. For the last week, the stock has had daily average volatility of 2.68%.
Our recommended stop-loss: ฿52.75 (-5.39%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (CPALL-R.BK) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect CP ALL Public Company Limited to open at ฿55.33, and during the day (based on 14 day Average True Range), to move between ฿54.55 and ฿56.95, which gives a possible trading interval of +/-฿1.20 (+/-2.16%) up or down from last closing price. If CP ALL Public Company Limited takes out the full calculated possible swing range there will be an estimated 4.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿55.50 (0.45%) than the resistance at ฿56.75 (1.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CP ALL Public Company Limited stock A Buy?
CP ALL 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.829 Hold/Accumulate Downgraded
Predicted Opening Price for CP ALL Public Company Limited of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| ฿55.33 ( 0.747%) | ฿55.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CPALL-R.BK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 57.08 | 2.39% |
| R2 | 56.41 | 1.19% |
| R1 | 56.00 | 0.452% |
| Price | 55.75 | |
| S1 | 54.66 | -1.95% |
| S2 | 54.25 | -2.69% |
| S3 | 53.58 | -3.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 60.50 | 8.52% |
| R2 | 57.50 | 3.14% |
| R1 | 56.75 | 1.79% |
| Price | 55.75 | |
| S1 | 55.50 | -0.448% |
| S2 | 55.00 | -1.35% |
| S3 | 54.50 | -2.24% |
CPALL-R Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2024 | May 07, 2024 | May 24, 2024 | ฿1.00 | 1.71% |
| 2 | May 02, 2023 | May 02, 2023 | May 02, 2023 | ฿0.750 | 1.16% |
| 3 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | ฿0.600 | 0.92% |
| 4 | May 05, 2021 | May 05, 2021 | May 05, 2021 | ฿0.90 | 1.49% |
| 5 | May 05, 2020 | May 05, 2020 | May 05, 2020 | ฿1.25 | 1.79% |
FAQ
Click here for our free guide on how to buy CP ALL Public Company Limited Stock.
