Electricity Generating Public Co Ltd Stock Forecast
Red day on Friday for Electricity Generating Public Co Ltd
(Updated on May 17, 2024)
The Electricity Generating Public Co Ltd stock price fell by -1.79% on the last day (Friday, 17th May 2024) from ฿111.50 to ฿109.50. During the last trading day the stock fluctuated 1.83% from a day low at ฿109.00 to a day high of ฿111.00. The price has fallen in 5 of the last 10 days and is down by -2.23% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -29 thousand shares and in total, 1 million shares were bought and sold for approximately ฿157.18 million.
The stock lies in the middle of a wide and 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 -12.01% during the next 3 months and, with a 90% probability hold a price between ฿92.00 and ฿102.85 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.BK Signals & Forecast
There are mixed signals in the stock today. The Electricity Generating 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 ฿111.29 and ฿112.59. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Electricity Generating Public Co Ltd stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 ฿2.00 between high and low, or 1.83%. For the last week the stock has had daily average volatility of 1.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EGCO.BK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Electricity Generating Public Company Limited to open at ฿109.83, and during the day (based on 14 day Average True Range), to move between ฿107.77 and ฿111.23, which gives a possible trading interval of +/-฿1.73 (+/-1.58%) 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 3.16% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ฿111.50, some ฿2.00 (1.83%) from the current price of ฿109.50, our system finds the risk reward not very attractive.
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: -3.045 Sell Candidate Unchanged
Predicted Opening Price for Electricity Generating Public Company Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ฿109.83 ( 0.304%) | ฿109.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EGCO.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 111.83 | 2.13 % | |
| R2 | 111.07 | 1.43 % | ||
| R1 | 110.60 | 1.00 % | ||
| Current price: | 109.50 | |||
| Support | S1 | 109.07 | -0.393 % | |
| S2 | 108.60 | -0.82 % | ||
| S3 | 107.83 | -1.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 117.50 | 7.31 % | |
| R2 | 115.50 | 5.48 % | ||
| R1 | 111.50 | 1.83 % | ||
| Current price | 109.50 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
EGCO 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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