Crown Seal Public Company Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Crown Seal Public Company Limited stock upgraded to Buy Candidate.
(Updated on Jul 03, 2024)
The Crown Seal Public Company Limited stock price gained 3.53% on the last trading day (Wednesday, 3rd Jul 2024), rising from ฿42.50 to ฿44.00. During the last trading day the stock fluctuated 1.15% from a day low at ฿43.50 to a day high of ฿44.00. The price has fallen in 5 of the last 10 days. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 11 thousand shares were bought and sold for approximately ฿497.64 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 ฿43.32 and ฿47.94 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
A buy signal was issued from a pivot bottom point on Tuesday, July 02, 2024, and so far it has risen 3.53%. Further rise is indicated until a new top pivot has been found. Crown Seal Public Company Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Crown Seal Public Company Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ฿44.73. On a fall, the stock will find some support from the short-term average at ฿43.50. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Crown Seal Public Company Limited stock
Crown Seal Public Company Limited finds support from accumulated volume at ฿43.75 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 ฿0.500 between high and low, or 1.15%. For the last week the stock has had daily average volatility of 2.35%.
Our recommended stop-loss: ฿41.81 (-4.97%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (CSC.BK) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Crown Seal Public Company Limited to open at ฿43.83, and during the day (based on 14 day Average True Range), to move between ฿42.91 and ฿45.09, which gives a possible trading interval of +/-฿1.09 (+/-2.47%) 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 4.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿43.75 (0.57%) than the resistance at ฿45.00 (2.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Crown Seal Public Company Limited stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Crown Seal Public Company Limited stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.208 Buy Candidate Upgraded
Predicted Opening Price for Crown Seal Public Company Limited of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| ฿43.83 ( 0.379%) | ฿44.00 |
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 | |
|---|---|---|
| R3 | 44.33 | 0.758% |
| R2 | 44.14 | 0.323% |
| R1 | 44.02 | 0.0553% |
| Price | 44.00 | |
| S1 | 43.64 | -0.81% |
| S2 | 43.52 | -1.08% |
| S3 | 43.33 | -1.52% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 46.50 | 5.68% |
| R2 | 45.50 | 3.41% |
| R1 | 45.00 | 2.27% |
| Price | 44.00 | |
| S1 | 43.75 | -0.568% |
| S2 | 43.50 | -1.14% |
| S3 | 43.00 | -2.27% |
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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