Electricity Generating Authority Of Stock Forecast

Red day on Friday for Electricity Generating Authority Of
(Updated on May 24, 2024)

EGATIF.BK Signals & Forecast

The Electricity Generating Authority Of stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ฿6.14 and ฿6.05. A breakdown below any of these levels will issue sell signals. 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 Thursday, May 23, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The stock had a Golden Star Signal on Tuesday, April 02, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Electricity Generating Authority Of stock

Electricity Generating Authority Of finds support from accumulated volume at ฿6.05 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 0.81%. For the last week the stock has had daily average volatility of 1.14%.

Our recommended stop-loss: ฿5.97 (-3.66%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (EGATIF.BK) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect Electricity Generating Authority Of Thailand- North Bangkok Power Plant Block 1 Infrastructure Fund to open at ฿6.18, and during the day (based on 14 day Average True Range), to move between ฿6.12 and ฿6.28, which gives a possible trading interval of +/-฿0.0837 (+/-1.35%) up or down from last closing price. If Electricity Generating Authority Of Thailand- North Bangkok Power Plant Block 1 Infrastructure Fund takes out the full calculated possible swing range there will be an estimated 2.70% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ฿6.05, some ฿0.150 (2.42%) from the current price of ฿6.20, our system finds the risk reward attractive.

Is Electricity Generating Authority Of Thailand- North Bangkok Power Plant Block 1 Infrastructure Fund stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Electricity Generating Authority Of stock to perform well in the short-term.

Current score: 1.459 Buy Candidate Unchanged

Predicted Opening Price for Electricity Generating Authority Of Thailand- North Bangkok Power Plant Block 1 Infrastructure Fund of Monday, May 27, 2024

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