Crown Seal Public Company Limited Stock Forecast
Weaker technical forecast for Crown Seal Public Company Limited as stock downgraded to Sell Candidate.
(Updated on May 17, 2024)
The Crown Seal Public Company Limited stock price fell by -1.09% on the last day (Friday, 17th May 2024) from ฿45.75 to ฿45.25. During the last trading day the stock fluctuated 0.552% from a day low at ฿45.25 to a day high of ฿45.50. The price has fallen in 5 of the last 10 days but is still up by 4.02% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -912 shares and in total, 2 thousand shares were bought and sold for approximately ฿104.08 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Crown Seal Public Company Limited stock with a 90% probability to be traded between ฿41.40 and ฿45.96 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CSC.BK Signals & Forecast
The Crown Seal Public Company Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ฿45.50. On a fall, the stock will find some support from the long-term average at approximately ฿43.84. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -2.69%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Crown Seal Public Company Limited stock
Crown Seal Public Company Limited finds support from accumulated volume at ฿44.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ฿0.250 between high and low, or 0.552%. For the last week the stock has had daily average volatility of 1.44%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CSC.BK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Crown Seal Public Company Limited to open at ฿45.33, and during the day (based on 14 day Average True Range), to move between ฿44.45 and ฿46.05, which gives a possible trading interval of +/-฿0.80 (+/-1.77%) up or down from last closing price. If Crown Seal Public Company Limited takes out the full calculated possible swing range there will be an estimated 3.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿45.75 (1.10%) than the support at ฿44.75 (1.10%), 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 Crown Seal Public Company Limited stock A Buy?
Crown Seal Public Company Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.754 Sell Candidate Downgraded
Predicted Opening Price for Crown Seal Public Company Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ฿45.33 ( 0.184%) | ฿45.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CSC.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.58 | 0.737 % | |
| R2 | 45.49 | 0.526 % | ||
| R1 | 45.43 | 0.395 % | ||
| Current price: | 45.25 | |||
| Support | S1 | 45.24 | -0.0269 % | |
| S2 | 45.18 | -0.157 % | ||
| S3 | 45.08 | -0.368 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.50 | 2.76 % | |
| R2 | 46.00 | 1.66 % | ||
| R1 | 45.75 | 1.10 % | ||
| Current price | 45.25 | |||
| Support | S1 | 44.75 | -1.10% | |
| S2 | 43.50 | -3.87% | ||
| S3 | 43.00 | -4.97% |
CSC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | May 15, 2024 | ฿1.83 | 3.98% |
| 2 | Mar 10, 2023 | Mar 10, 2023 | Mar 10, 2023 | ฿2.20 | 4.71% |
| 3 | Mar 14, 2022 | Mar 14, 2022 | Mar 14, 2022 | ฿1.80 | 3.77% |
| 4 | Mar 04, 2021 | Mar 04, 2021 | Mar 04, 2021 | ฿2.45 | 4.76% |
| 5 | Mar 11, 2020 | Mar 11, 2020 | Mar 11, 2020 | ฿0.650 | 1.43% |
FAQ
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