Future Park Leasehold Property Fund Trust Forecast
Red day on Thursday for Future Park Leasehold Property Fund
(Updated on Jun 27, 2024)
The Future Park Leasehold Property Fund trust price fell by -0.88% on the last day (Thursday, 27th Jun 2024) from ฿11.30 to ฿11.20. During the last trading day the trust fluctuated 1.80% from a day low at ฿11.10 to a day high of ฿11.30. The price has fallen in 4 of the last 10 days and is down by -2.61% for this period. Volume fell on the last day along with the trust, which is actually a good sign as volume should follow the trust. On the last day, the trading volume fell by -594 thousand shares and in total, 217 thousand shares were bought and sold for approximately ฿2.43 million.
The trust is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Future Park Leasehold Property Fund trust with a 90% probability to be traded between ฿10.91 and ฿11.30 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and trusts seldom manage to go directly from the bottom of a trend up to the top. Trusts turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FUTUREPF.BK Signals & Forecast
There are few to no technical positive signals at the moment. The Future Park Leasehold Property Fund trust 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 ฿11.26 and ฿11.33. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -1.75%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Future Park Leasehold Property Fund trust
Future Park Leasehold Property Fund finds support from accumulated volume at ฿11.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the trust tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the trust moved ฿0.200 between high and low, or 1.80%. For the last week the trust has had daily average volatility of 1.44%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FUTUREPF.BK) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Future Park Leasehold Property Fund to open at ฿11.20, and during the day (based on 14 day Average True Range), to move between ฿10.99 and ฿11.41, which gives a possible trading interval of +/-฿0.206 (+/-1.84%) up or down from last closing price. If Future Park Leasehold Property Fund takes out the full calculated possible swing range there will be an estimated 3.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿11.10 (0.89%) than the resistance at ฿11.30 (0.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Future Park Leasehold Property Fund trust A Buy?
Future Park Leasehold Property Fund holds several negative signals and is within a narrow 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 trust.
Current score: -2.942 Sell Candidate Unchanged
Predicted Opening Price for Future Park Leasehold Property Fund of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ฿11.20 ( 0.00000000%) | ฿11.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FUTUREPF.BK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.40 | 1.79% |
| R2 | 11.32 | 1.10% |
| R1 | 11.28 | 0.682% |
| Price | 11.20 | |
| S1 | 11.12 | -0.682% |
| S2 | 11.08 | -1.10% |
| S3 | 11.00 | -1.79% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.50 | 2.68% |
| R2 | 11.40 | 1.79% |
| R1 | 11.30 | 0.89% |
| Price | 11.20 | |
| S1 | 11.10 | -0.89% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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