Jay Mart Public Company Limited Stock Forecast

Jay Mart Public Company Limited stock downgraded to Sell Candidate
(Updated on May 24, 2024)

JMART.BK Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 4.65%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Jay Mart 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 ฿13.53 and ฿14.01. A break-up above any of these levels will issue buy signals. 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 Jay Mart Public Company Limited stock

Jay Mart Public Company Limited finds support from accumulated volume at ฿13.40 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 ฿0.300 between high and low, or 2.26%. For the last week, the stock has had daily average volatility of 3.27%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (JMART.BK) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect Jay Mart Public Company Limited to open at ฿13.47, and during the day (based on 14 day Average True Range), to move between ฿12.97 and ฿14.03, which gives a possible trading interval of +/-฿0.528 (+/-3.91%) up or down from last closing price. If Jay Mart Public Company Limited takes out the full calculated possible swing range there will be an estimated 7.83% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ฿13.40 (0.74%) than the resistance at ฿13.80 (2.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Jay Mart Public Company Limited stock A Buy?

Jay Mart Public Company Limited 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: -2.293 Sell Candidate Downgraded

Predicted Opening Price for Jay Mart Public Company Limited of Monday, May 27, 2024

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