Electricity Generating Public Co Ltd Stock Forecast
Electricity Generating Public Co Ltd stock price up 0.446% on Friday
(Updated on May 03, 2024)
The Electricity Generating Public Co Ltd stock price gained 0.446% on the last trading day (Friday, 3rd May 2024), rising from ฿112.00 to ฿112.50. During the last trading day the stock fluctuated 0.90% from a day low at ฿111.50 to a day high of ฿112.50. The price has risen in 6 of the last 10 days and is up by 1.81% over the past 2 weeks. Volume fell on the last day by -378 thousand shares and in total, 239 thousand shares were bought and sold for approximately ฿26.84 million. 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 the upper part of a 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 ฿113.67 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 -17.14% during the next 3 months and, with a 90% probability hold a price between ฿87.76 and ฿94.18 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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EGCO-R.BK Signals & Forecast
There are mixed signals in the stock today. The Electricity Generating Public Co Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ฿113.61. On a fall, the stock will find some support from the short-term average at ฿111.57. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.74%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Electricity Generating Public Co Ltd stock
Electricity Generating Public Co Ltd finds support from accumulated volume at ฿111.50 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 ฿1.00 between high and low, or 0.90%. For the last week the stock has had daily average volatility of 1.17%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EGCO-R.BK) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Electricity Generating Public Company Limited to open at ฿112.17, and during the day (based on 14 day Average True Range), to move between ฿110.73 and ฿114.27, which gives a possible trading interval of +/-฿1.77 (+/-1.57%) up or down from last closing price. If Electricity Generating Public Company Limited takes out the full calculated possible swing range there will be an estimated 3.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿111.50 (0.89%) than the resistance at ฿115.50 (2.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Electricity Generating Public Company Limited stock A Buy?
Electricity Generating Public Co Ltd 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: -2.964 Sell Candidate Unchanged
Predicted Opening Price for Electricity Generating Public Company Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ฿112.17 ( 0.296%) | ฿112.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EGCO-R.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 113.17 | 0.593 % | |
| R2 | 112.78 | 0.253 % | ||
| R1 | 112.55 | 0.0433 % | ||
| Current price: | 112.50 | |||
| Support | S1 | 111.78 | -0.636 % | |
| S2 | 111.55 | -0.85 % | ||
| S3 | 111.17 | -1.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 117.50 | 4.44 % | |
| R2 | 116.50 | 3.56 % | ||
| R1 | 115.50 | 2.67 % | ||
| Current price | 112.50 | |||
| Support | S1 | 111.50 | -0.89% | |
| S2 | 110.50 | -1.78% | ||
| S3 | 110.00 | -2.22% |
EGCO-R Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 13, 2024 | Mar 13, 2024 | Apr 25, 2024 | ฿3.25 | 2.95% |
| 2 | Sep 14, 2023 | Sep 14, 2023 | Sep 14, 2023 | ฿3.25 | 2.49% |
| 3 | Mar 14, 2023 | Mar 14, 2023 | Mar 14, 2023 | ฿3.25 | 2.15% |
| 4 | Sep 09, 2022 | Sep 09, 2022 | Sep 09, 2022 | ฿3.25 | 1.82% |
| 5 | Mar 14, 2022 | Mar 14, 2022 | Mar 14, 2022 | ฿3.25 | 1.91% |
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