CPR Gomu Industrial Public Co Ltd Stock Forecast
CPR Gomu Industrial Public Co Ltd stock upgraded to Hold/Accumulate.
(Updated on Jun 18, 2024)
The CPR Gomu Industrial Public Co Ltd stock price gained 0.529% on the last trading day (Tuesday, 18th Jun 2024), rising from ฿3.78 to ฿3.80. During the last trading day the stock fluctuated 2.14% from a day low at ฿3.74 to a day high of ฿3.82. The price has fallen in 5 of the last 10 days and is down by -6.4% for this period. Volume fell on the last day by -5 thousand shares and in total, 36 thousand shares were bought and sold for approximately ฿135.28 thousand. 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 of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ฿3.77 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.73% during the next 3 months and, with a 90% probability hold a price between ฿3.40 and ฿3.90 at the end of this 3-month period.
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CPR.BK Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.529%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The CPR Gomu Industrial Public Co Ltd stock 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 ฿3.90 and ฿4.03. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for CPR Gomu Industrial Public Co Ltd stock
CPR Gomu Industrial Public Co Ltd finds support from accumulated volume at ฿3.78 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 controlled movements and therefore the general risk is considered 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 ฿0.0800 between high and low, or 2.14%. For the last week the stock has had daily average volatility of 2.77%.
CPR Gomu Industrial Public Co Ltd is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: ฿3.58 (-5.79%) (This stock has low daily movements and this gives low risk. Low RSI14 is 16 which reduces the risk some. There is a buy signal from a pivot bottom found 57 days ago.)
Trading Expectations (CPR.BK) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect CPR Gomu Industrial Public Company Limited to open at ฿3.79, and during the day (based on 14 day Average True Range), to move between ฿3.70 and ฿3.90, which gives a possible trading interval of +/-฿0.0977 (+/-2.57%) up or down from last closing price. If CPR Gomu Industrial Public Company Limited takes out the full calculated possible swing range there will be an estimated 5.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿3.78 (0.53%) than the resistance at ฿4.40 (15.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CPR Gomu Industrial Public Company Limited stock A Buy?
CPR Gomu Industrial Public Co Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.409 Hold/Accumulate Upgraded
Predicted Opening Price for CPR Gomu Industrial Public Company Limited of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| ฿3.79 ( 0.351%) | ฿3.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CPR.BK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.87 | 1.75% |
| R2 | 3.84 | 0.95% |
| R1 | 3.82 | 0.453% |
| Price | 3.80 | |
| S1 | 3.76 | -1.16% |
| S2 | 3.74 | -1.65% |
| S3 | 3.71 | -2.46% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.54 | 19.47% |
| R2 | 4.50 | 18.42% |
| R1 | 4.40 | 15.79% |
| Price | 3.80 | |
| S1 | 3.78 | -0.526% |
| S2 | 0 | - |
| S3 | 0 | - |
CPR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 03, 2024 | May 03, 2024 | May 24, 2024 | ฿0.116 | 2.86% |
| 2 | May 03, 2023 | May 03, 2023 | May 03, 2023 | ฿0.0890 | 1.91% |
| 3 | May 06, 2022 | May 06, 2022 | May 06, 2022 | ฿0.110 | 3.01% |
| 4 | May 10, 2021 | May 10, 2021 | May 10, 2021 | ฿0.0800 | 2.31% |
| 5 | Apr 30, 2020 | Apr 30, 2020 | Apr 30, 2020 | ฿0.130 | 5.04% |
FAQ
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