Indara Insurance Public Company Limited Stock Forecast
Stronger technical forecast for Indara Insurance Public Company Limited stock price after Friday trading.
(Updated on Jun 28, 2024)
No changes to the price of Indara Insurance Public Company Limited stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0.81% from a day low at ฿92.25 to a day high of ฿93.00. The price has fallen in 4 of the last 10 days and is down by -2.11% for this period.
The stock lies in the middle of a 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 -19.91% during the next 3 months and, with a 90% probability hold a price between ฿71.75 and ฿76.40 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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INSURE.BK Signals & Forecast
There are mixed signals in the stock today. The Indara Insurance Public Company Limited 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 ฿93.00 and ฿98.47. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 1.36%. 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 gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point".
Support, Risk & Stop-loss for Indara Insurance Public Company Limited stock
Indara Insurance Public Company Limited finds support from accumulated volume at ฿92.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ฿0.750 (0.81%) between high and low. For the last week, the stock has had daily average volatility of 1.20%.
Our recommended stop-loss: ฿87.70 (-5.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 42 days ago.)
Trading Expectations (INSURE.BK) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Indara Insurance Public Company Limited to open at ฿92.75, and during the day (based on 14 day Average True Range), to move between ฿91.14 and ฿94.86, which gives a possible trading interval of +/-฿1.86 (+/-2.00%) up or down from last closing price. If Indara Insurance Public Company Limited takes out the full calculated possible swing range there will be an estimated 4.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿92.50 (0.54%) than the resistance at ฿103.00 (10.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Indara Insurance Public Company Limited stock A Buy?
Indara Insurance Public Company Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Indara Insurance Public Company Limited of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
฿92.75 ( 0.269%) | ฿93.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INSURE.BK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 93.50 | 0.538% |
R2 | 93.21 | 0.230% |
R1 | 93.04 | 0.0392% |
Price | 93.00 | |
S1 | 92.46 | -0.577% |
S2 | 92.29 | -0.767% |
S3 | 92.00 | -1.08% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 109.00 | 17.20% |
R2 | 105.00 | 12.90% |
R1 | 103.00 | 10.75% |
Price | 93.00 | |
S1 | 92.50 | -0.538% |
S2 | 91.75 | -1.34% |
S3 | 0 | - |
INSURE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 19, 2008 | Mar 19, 2008 | Mar 19, 2008 | ฿1.00 | 0% |
2 | Apr 01, 2005 | Apr 01, 2005 | Apr 01, 2005 | ฿0.250 | 0% |
3 | Apr 01, 2004 | Apr 01, 2004 | Apr 01, 2004 | ฿1.40 | 0% |
4 | Mar 27, 2003 | Mar 27, 2003 | Mar 27, 2003 | ฿1.00 | 0% |
5 | Apr 02, 2002 | Apr 02, 2002 | Apr 02, 2002 | ฿1.00 | 0% |
FAQ
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