Electricity Generating Authority Of Stock Forecast

Evaluation of Electricity Generating Authority Of stock downgraded after the last trading session.
(Updated on Jun 25, 2024)

EGATIF.BK Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 0.84%. Further rise is indicated until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 ฿6.00 and ฿6.06. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 ฿0.150 between high and low, or 2.54%. For the last week the stock has had daily average volatility of 1.52%.

Our recommended stop-loss: ฿5.63 (-6.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (EGATIF.BK) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Electricity Generating Authority Of Thailand- North Bangkok Power Plant Block 1 Infrastructure Fund to open at ฿5.98, 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 +/-฿0.0903 (+/-1.50%) 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 3.01% 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?

Electricity Generating Authority Of holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.086 Hold/Accumulate Downgraded

Predicted Opening Price for Electricity Generating Authority Of Thailand- North Bangkok Power Plant Block 1 Infrastructure Fund of Wednesday, June 26, 2024

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