East Coast Furnitech Public Co Ltd Stock Forecast
East Coast Furnitech Public Co Ltd stock price up 1.37% on Tuesday
(Updated on May 21, 2024)
The East Coast Furnitech Public Co Ltd stock price gained 1.37% on the last trading day (Tuesday, 21st May 2024), rising from ฿0.730 to ฿0.740. During the last trading day the stock fluctuated 1.37% from a day low at ฿0.730 to a day high of ฿0.740. The price has been going up and down for this period, and there has been a -2.63% loss for the last 2 weeks. Volume fell on the last day by -14 thousand shares and in total, 796 thousand shares were bought and sold for approximately ฿588.89 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 middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -26.85% during the next 3 months and, with a 90% probability hold a price between ฿0.530 and ฿0.576 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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ECF.BK Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 20, 2024, and so far it has risen 1.37%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The East Coast Furnitech 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 ฿0.761 and ฿0.83. A break-up above any of these levels will issue buy signals. 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 East Coast Furnitech Public Co Ltd stock
East Coast Furnitech Public Co Ltd finds support from accumulated volume at ฿0.730 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 ฿0.0100 between high and low, or 1.37%. For the last week the stock has had daily average volatility of 3.80%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ECF.BK) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect East Coast Furnitech Public Company Limited to open at ฿0.737, and during the day (based on 14 day Average True Range), to move between ฿0.710 and ฿0.770, which gives a possible trading interval of +/-฿0.0302 (+/-4.08%) up or down from last closing price. If East Coast Furnitech Public Company Limited takes out the full calculated possible swing range there will be an estimated 8.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿0.730 (1.35%) than the resistance at ฿0.780 (5.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is East Coast Furnitech Public Company Limited stock A Buy?
East Coast Furnitech Public Co Ltd holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.988 Sell Candidate Unchanged
Predicted Opening Price for East Coast Furnitech Public Company Limited of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| ฿0.737 ( 0.450%) | ฿0.740 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ECF.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.747 | 0.90 % | |
| R2 | 0.743 | 0.385 % | ||
| R1 | 0.740 | 0.0658 % | ||
| Current price: | 0.740 | |||
| Support | S1 | 0.733 | -0.97 % | |
| S2 | 0.730 | -1.29 % | ||
| S3 | 0.727 | -1.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.82 | 10.81 % | |
| R2 | 0.81 | 9.46 % | ||
| R1 | 0.780 | 5.41 % | ||
| Current price | 0.740 | |||
| Support | S1 | 0.730 | -1.35% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
ECF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 13, 2023 | Mar 13, 2023 | Mar 13, 2023 | ฿0.0110 | 0.748% |
| 2 | Mar 11, 2022 | Mar 11, 2022 | Mar 11, 2022 | ฿0.0157 | 0.91% |
| 3 | Apr 29, 2021 | Apr 29, 2021 | Apr 29, 2021 | ฿0.0125 | 0.687% |
| 4 | May 08, 2020 | May 08, 2020 | May 08, 2020 | ฿0.0167 | 1.64% |
| 5 | Apr 30, 2020 | Apr 30, 2020 | Apr 30, 2020 | ฿0.0167 | 1.58% |
FAQ
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