Central Pattana Public Company Limited Fund Forecast
Central Pattana Public Company Limited fund price up 0.92% on Wednesday
(Updated on Jul 03, 2024)
The Central Pattana Public Company Limited fund price gained 0.92% on the last trading day (Wednesday, 3rd Jul 2024), rising from ฿54.50 to ฿55.00. During the last trading day the fund fluctuated 1.84% from a day low at ฿54.25 to a day high of ฿55.25. The price has risen in 4 of the last 10 days. Volume fell on the last day by -4 million shares and in total, 3 million shares were bought and sold for approximately ฿189.18 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.
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 -15.17% during the next 3 months and, with a 90% probability hold a price between ฿46.08 and ฿48.57 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
A buy signal was issued from a pivot bottom point on Tuesday, July 02, 2024, and so far it has risen 0.92%. 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 fund should be watched closely. 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 ฿55.64 and ฿57.63. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Central Pattana Public Company Limited fund
Central Pattana Public Company Limited finds support from accumulated volume at ฿54.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ฿1.00 between high and low, or 1.84%. For the last week the fund has had daily average volatility of 1.65%.
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 Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Central Pattana Public Company Limited to open at ฿54.83, and during the day (based on 14 day Average True Range), to move between ฿53.76 and ฿56.24, which gives a possible trading interval of +/-฿1.24 (+/-2.26%) 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 4.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿54.50 (0.91%) than the resistance at ฿62.25 (13.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: -2.580 Sell Candidate Unchanged
Predicted Opening Price for Central Pattana Public Company Limited of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| ฿54.83 ( 0.303%) | ฿55.00 |
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 | 1.52% |
| R2 | 55.45 | 0.82% |
| R1 | 55.22 | 0.392% |
| Price | 55.00 | |
| S1 | 54.45 | -1.00% |
| S2 | 54.22 | -1.43% |
| S3 | 53.83 | -2.12% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 63.00 | 14.55% |
| R2 | 62.50 | 13.64% |
| R1 | 62.25 | 13.18% |
| Price | 55.00 | |
| S1 | 54.50 | -0.91% |
| 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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