Electricity Generating Authority Of Stock Forecast

Red day on Friday for Electricity Generating Authority Of
(Updated on Jun 14, 2024)

EGATIF.BK Signals & Forecast

There are few to no technical positive signals at the moment. The Electricity Generating Authority Of 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 ฿6.03 and ฿6.07. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 27, 2024, and so far it has fallen -3.23%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 ฿5.95 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 0.83%. For the last week the stock has had daily average volatility of 1.50%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (EGATIF.BK) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Electricity Generating Authority Of Thailand- North Bangkok Power Plant Block 1 Infrastructure Fund to open at ฿6.02, and during the day (based on 14 day Average True Range), to move between ฿5.91 and ฿6.09, which gives a possible trading interval of +/-฿0.0889 (+/-1.48%) 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 2.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ฿6.05 (0.83%) than the support at ฿5.95 (0.83%), 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 Electricity Generating Authority Of Thailand- North Bangkok Power Plant Block 1 Infrastructure Fund stock A Buy?

The Electricity Generating Authority Of stock holds several negative signals and despite the positive trend, we believe Electricity Generating Authority Of will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.051 Sell Candidate Unchanged

Predicted Opening Price for Electricity Generating Authority Of Thailand- North Bangkok Power Plant Block 1 Infrastructure Fund of Monday, June 17, 2024

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