Eastern Polymer Group Public Co Ltd Stock Forecast

Eastern Polymer Group Public Co Ltd stock upgraded from Sell Candidate to Buy Candidate after Friday trading session.
(Updated on May 03, 2024)

EPG.BK Signals & Forecast

Mostly positive signals in the chart today. The Eastern Polymer Group Public Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ฿6.87 and ฿6.87. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 6.15%. 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). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Friday, October 20, 2023 in the long-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 Eastern Polymer Group Public Co Ltd stock

Eastern Polymer Group Public Co Ltd finds support from accumulated volume at ฿6.85 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 ฿0.200 between high and low, or 2.94%. For the last week the stock has had daily average volatility of 1.77%.

Our recommended stop-loss: ฿6.57 (-4.85%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)

Trading Expectations (EPG.BK) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Eastern Polymer Group Public Company Limited to open at ฿6.90, and during the day (based on 14 day Average True Range), to move between ฿6.74 and ฿7.06, which gives a possible trading interval of +/-฿0.161 (+/-2.34%) 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 4.68% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ฿6.85 (0.72%) than the resistance at ฿7.10 (2.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Eastern Polymer Group Public Company Limited stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.577 Buy Candidate Upgraded

Predicted Opening Price for Eastern Polymer Group Public Company Limited of Tuesday, May 7, 2024

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