Central Pattana Public Company Limited Fund Forecast
Red day on Tuesday for Central Pattana Public Company Limited fund after losing 1.80%
(Updated on Jul 02, 2024)
The Central Pattana Public Company Limited fund price fell by -1.80% on the last day (Tuesday, 2nd Jul 2024) from ฿55.50 to ฿54.50. During the last trading day the fund fluctuated 2.31% from a day low at ฿54.00 to a day high of ฿55.25. The price has been going up and down for this period, and there has been a -0.91% loss for the last 2 weeks. Volume has increased on the last day by 5 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 7 million shares were bought and sold for approximately ฿401.70 million.
The fund lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the fund is expected to fall -15.21% during the next 3 months and, with a 90% probability hold a price between ฿44.98 and ฿47.79 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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CPN-R.BK Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Central Pattana Public Company Limited fund 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 ฿55.82 and ฿57.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -4.80%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the fund should be followed more closely.
Support, Risk & Stop-loss for Central Pattana Public Company Limited fund
There is no support from accumulated volume below today's level and given the right condition the fund may perform very badly in the next couple of days.
In general the fund tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the fund moved ฿1.25 between high and low, or 2.31%. For the last week the fund has had daily average volatility of 1.64%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CPN-R.BK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Central Pattana Public Company Limited to open at ฿54.58, and during the day (based on 14 day Average True Range), to move between ฿53.24 and ฿55.76, which gives a possible trading interval of +/-฿1.26 (+/-2.31%) up or down from last closing price. If Central Pattana Public Company Limited takes out the full calculated possible swing range there will be an estimated 4.62% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ฿55.00, some ฿0.500 (0.92%) from the current price of ฿54.50, our system finds the risk reward not very attractive.
Is Central Pattana Public Company Limited fund A Buy?
Central Pattana Public Company Limited holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this fund.
Current score: -4.532 Sell Candidate Unchanged
Predicted Opening Price for Central Pattana Public Company Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| ฿54.58 ( 0.153%) | ฿54.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CPN-R.BK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 55.83 | 2.45% |
| R2 | 55.36 | 1.57% |
| R1 | 55.06 | 1.03% |
| Price | 54.50 | |
| S1 | 54.11 | -0.723% |
| S2 | 53.81 | -1.26% |
| S3 | 53.33 | -2.14% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 63.00 | 15.60% |
| R2 | 62.25 | 14.22% |
| R1 | 55.00 | 0.92% |
| Price | 54.50 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
CPN-R Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | May 15, 2024 | ฿1.80 | 2.88% |
| 2 | Mar 08, 2023 | Mar 08, 2023 | Mar 08, 2023 | ฿1.15 | 1.73% |
| 3 | Mar 04, 2022 | Mar 04, 2022 | Mar 04, 2022 | ฿0.600 | 1.09% |
| 4 | Mar 04, 2021 | Mar 04, 2021 | Mar 04, 2021 | ฿0.700 | 1.26% |
| 5 | May 28, 2020 | May 28, 2020 | May 28, 2020 | ฿0.80 | 1.60% |
FAQ
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