Dcon Products Public Company Limited Stock Forecast
Red day on Friday for Dcon Products Public Company Limited
(Updated on May 17, 2024)
No changes to the price of Dcon Products Public Company Limited stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 5.13% from a day low at ฿0.390 to a day high of ฿0.410. The price has been going up and down for this period, and there has been a -2.44% loss for the last 2 weeks.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ฿0.403 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -26.43% during the next 3 months and, with a 90% probability hold a price between ฿0.241 and ฿0.296 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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DCON.BK Signals & Forecast
There are mixed signals in the stock today. The Dcon Products Public Company Limited 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 ฿0.406 and ฿0.415. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 2.56%. 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 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".
Support, Risk & Stop-loss for Dcon Products Public Company Limited stock
Dcon Products Public Company Limited finds support from accumulated volume at ฿0.390 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ฿0.0200 (5.13%) between high and low. For the last week, the stock has had daily average volatility of 4.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DCON.BK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Dcon Products Public Company Limited to open at ฿0.400, and during the day (based on 14 day Average True Range), to move between ฿0.384 and ฿0.416, which gives a possible trading interval of +/-฿0.0155 (+/-3.88%) up or down from last closing price. If Dcon Products Public Company Limited takes out the full calculated possible swing range there will be an estimated 7.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿0.410 (2.50%) than the support at ฿0.390 (2.50%), 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 Dcon Products Public Company Limited stock A Buy?
Dcon Products 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.
Current score: -1.624 Sell Candidate Unchanged
Predicted Opening Price for Dcon Products Public Company Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ฿0.400 ( 0.00000000%) | ฿0.400 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DCON.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.420 | 5.00 % | |
| R2 | 0.412 | 3.09 % | ||
| R1 | 0.408 | 1.91 % | ||
| Current price: | 0.400 | |||
| Support | S1 | 0.392 | -1.91 % | |
| S2 | 0.388 | -3.09 % | ||
| S3 | 0.380 | -5.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.490 | 22.50 % | |
| R2 | 0.430 | 7.50 % | ||
| R1 | 0.410 | 2.50 % | ||
| Current price | 0.400 | |||
| Support | S1 | 0.390 | -2.50% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
DCON Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 13, 2024 | Mar 13, 2024 | May 20, 2024 | ฿0.0200 | 5.00% |
| 2 | Mar 13, 2023 | Mar 13, 2023 | Mar 13, 2023 | ฿0.0120 | 2.86% |
| 3 | Mar 29, 2022 | Mar 29, 2022 | Mar 29, 2022 | ฿0.0110 | 2.16% |
| 4 | Mar 29, 2021 | Mar 29, 2021 | Mar 29, 2021 | ฿0.0080 | 1.60% |
| 5 | Mar 27, 2020 | Mar 27, 2020 | Mar 27, 2020 | ฿0.0150 | 6.00% |
FAQ
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