Eastern Polymer Group Public Co Ltd Stock Forecast
Eastern Polymer Group Public Co Ltd stock upgraded to Sell Candidate.
(Updated on Jun 26, 2024)
No changes to the price of Eastern Polymer Group Public Co Ltd stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 4.81% from a day low at ฿5.20 to a day high of ฿5.45. The price has fallen in 7 of the last 10 days and is down by -14.63% for this period.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ฿5.23 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -17.04% during the next 3 months and, with a 90% probability hold a price between ฿4.34 and ฿5.24 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 Tuesday, June 25, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. 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 ฿5.44 and ฿6.26. 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). 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.
Support, Risk & Stop-loss for Eastern Polymer Group 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.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ฿0.250 between high and low, or 4.81%. For the last week, the stock has had daily average volatility of 5.58%.
Eastern Polymer Group Public Co Ltd is oversold on RSI14 (4). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
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 Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Eastern Polymer Group Public Company Limited to open at ฿5.30, and during the day (based on 14 day Average True Range), to move between ฿5.02 and ฿5.48, which gives a possible trading interval of +/-฿0.231 (+/-4.41%) 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 8.81% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ฿5.30, some ฿0.0500 (0.95%) from the current price of ฿5.25, our system finds the risk reward not very attractive.
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.546 Sell Candidate Upgraded
Predicted Opening Price for Eastern Polymer Group Public Company Limited of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
฿5.30 ( 0.95%) | ฿5.25 |
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 | |
---|---|---|
R3 | 5.55 | 5.71% |
R2 | 5.45 | 3.90% |
R1 | 5.40 | 2.77% |
Price | 5.25 | |
S1 | 5.20 | -0.87% |
S2 | 5.15 | -1.99% |
S3 | 5.05 | -3.81% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 6.50 | 23.81% |
R2 | 6.40 | 21.90% |
R1 | 5.30 | 0.95% |
Price | 5.25 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
EPG-R Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 01, 2024 | Aug 01, 2024 | Aug 21, 2024 | ฿0.100 | 1.89% |
2 | Nov 27, 2023 | Nov 27, 2023 | Dec 08, 2023 | ฿0.120 | 1.70% |
3 | Jul 31, 2023 | Jul 31, 2023 | Jul 31, 2023 | ฿0.140 | 2.08% |
4 | Nov 25, 2022 | Nov 25, 2022 | Nov 25, 2022 | ฿0.110 | 1.08% |
5 | Aug 01, 2022 | Aug 01, 2022 | Aug 01, 2022 | ฿0.190 | 1.97% |
FAQ
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