Eastern Polymer Group Public Co Ltd Stock Forecast
Weaker technical forecast for Eastern Polymer Group Public Co Ltd as stock downgraded to Sell Candidate.
(Updated on May 17, 2024)
No changes to the price of Eastern Polymer Group Public Co Ltd stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 2.31% from a day low at ฿6.50 to a day high of ฿6.65. The price has fallen in 5 of the last 10 days and is down by -4.41% for this period.
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 -10.16% during the next 3 months and, with a 90% probability hold a price between ฿5.70 and ฿6.30 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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EPG-R.BK Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 1.56%. 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 Eastern Polymer Group 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 ฿6.56 and ฿6.77. 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).
Support, Risk & Stop-loss for Eastern Polymer Group Public Co Ltd stock
Eastern Polymer Group Public Co Ltd finds support from accumulated volume at ฿6.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ฿0.150 between high and low, or 2.31%. For the last week, the stock has had daily average volatility of 2.81%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EPG-R.BK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Eastern Polymer Group Public Company Limited to open at ฿6.55, and during the day (based on 14 day Average True Range), to move between ฿6.32 and ฿6.68, which gives a possible trading interval of +/-฿0.178 (+/-2.73%) up or down from last closing price. If Eastern Polymer Group Public Company Limited takes out the full calculated possible swing range there will be an estimated 5.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿6.40 (1.54%) than the resistance at ฿6.90 (6.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Eastern Polymer Group Public Company Limited will release earnings BMO on Friday, May 24, 2024. We will update the financials statements for Eastern Polymer Group Public Company Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.49% in the first trading day after earnings release.
Is Eastern Polymer Group Public Company Limited stock A Buy?
Eastern Polymer Group Public Co Ltd holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.543 Sell Candidate Downgraded
Predicted Opening Price for Eastern Polymer Group Public Company Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ฿6.55 ( 0.769%) | ฿6.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EPG-R.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.70 | 3.08 % | |
| R2 | 6.64 | 2.20 % | ||
| R1 | 6.61 | 1.65 % | ||
| Current price: | 6.50 | |||
| Support | S1 | 6.49 | -0.112 % | |
| S2 | 6.46 | -0.657 % | ||
| S3 | 6.40 | -1.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.15 | 10.00 % | |
| R2 | 7.00 | 7.69 % | ||
| R1 | 6.90 | 6.15 % | ||
| Current price | 6.50 | |||
| Support | S1 | 6.40 | -1.54% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
EPG-R Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 27, 2023 | Nov 27, 2023 | Nov 27, 2023 | ฿0 | 0% |
| 2 | Jul 31, 2023 | Jul 31, 2023 | Jul 31, 2023 | ฿0.140 | 2.08% |
| 3 | Nov 25, 2022 | Nov 25, 2022 | Nov 25, 2022 | ฿0.110 | 1.08% |
| 4 | Aug 01, 2022 | Aug 01, 2022 | Aug 01, 2022 | ฿0.190 | 1.97% |
| 5 | Nov 25, 2021 | Nov 25, 2021 | Nov 25, 2021 | ฿0.140 | 0% |
FAQ
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