C.P. Tower Growth Leasehold Property Stock Forecast

Red day on Friday for C.P. Tower Growth Leasehold Property
(Updated on Jun 14, 2024)

CPTGF.BK Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The C.P. Tower Growth Leasehold Property 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 ฿5.17 and ฿5.26. 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).

Support, Risk & Stop-loss for C.P. Tower Growth Leasehold Property stock

C.P. Tower Growth Leasehold Property finds support from accumulated volume at ฿5.10 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ฿0.0500 between high and low, or 0.98%. For the last week the stock has had daily average volatility of 1.37%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CPTGF.BK) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect C.P. Tower Growth Leasehold Property Fund to open at ฿5.13, and during the day (based on 14 day Average True Range), to move between ฿5.07 and ฿5.23, which gives a possible trading interval of +/-฿0.0810 (+/-1.57%) up or down from last closing price. If C.P. Tower Growth Leasehold Property Fund takes out the full calculated possible swing range there will be an estimated 3.15% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ฿5.20 (0.97%) than the support at ฿5.10 (0.97%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is C.P. Tower Growth Leasehold Property Fund stock A Buy?

The C.P. Tower Growth Leasehold Property stock holds several negative signals and despite the positive trend, we believe C.P. Tower Growth Leasehold Property will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.469 Sell Candidate Unchanged

Predicted Opening Price for C.P. Tower Growth Leasehold Property Fund of Monday, June 17, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.