Jasmine Telecom Systems Public Co Ltd Stock Forecast
Red day on Tuesday for Jasmine Telecom Systems Public Co Ltd stock after losing 2.39%
(Updated on Apr 23, 2024)
The Jasmine Telecom Systems Public Co Ltd stock price fell by -2.39% on the last day (Tuesday, 23rd Apr 2024) from ฿52.25 to ฿51.00. During the last trading day the stock fluctuated 3.96% from a day low at ฿50.50 to a day high of ฿52.50. The price has been going up and down for this period, and there has been a -1.92% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -15 thousand shares and in total, 1 million shares were bought and sold for approximately ฿55.05 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ฿48.07 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -34.23% during the next 3 months and, with a 90% probability hold a price between ฿31.61 and ฿44.68 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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JTS.BK Signals & Forecast
There are mixed signals in the stock today. The Jasmine Telecom Systems 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 ฿53.14 and ฿62.96. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 3.55%. 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).
Support, Risk & Stop-loss for Jasmine Telecom Systems Public Co Ltd stock
Jasmine Telecom Systems Public Co Ltd finds support from accumulated volume at ฿49.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ฿2.00 between high and low, or 3.96%. For the last week, the stock has had daily average volatility of 4.91%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JTS.BK) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Jasmine Telecom Systems Public Company Limited to open at ฿51.33, and during the day (based on 14 day Average True Range), to move between ฿47.21 and ฿54.79, which gives a possible trading interval of +/-฿3.79 (+/-7.42%) up or down from last closing price. If Jasmine Telecom Systems Public Company Limited takes out the full calculated possible swing range there will be an estimated 14.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿52.25 (2.45%) than the support at ฿49.25 (3.43%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Jasmine Telecom Systems Public Company Limited stock A Buy?
Jasmine Telecom Systems Public Co Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -4.106 Sell Candidate Unchanged
Predicted Opening Price for Jasmine Telecom Systems Public Company Limited of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| ฿51.33 ( 0.654%) | ฿51.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JTS.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.33 | 4.58 % | |
| R2 | 52.57 | 3.08 % | ||
| R1 | 52.10 | 2.15 % | ||
| Current price: | 51.00 | |||
| Support | S1 | 50.57 | -0.84 % | |
| S2 | 50.10 | -1.77 % | ||
| S3 | 49.33 | -3.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 62.25 | 22.06 % | |
| R2 | 58.00 | 13.73 % | ||
| R1 | 52.25 | 2.45 % | ||
| Current price | 51.00 | |||
| Support | S1 | 49.25 | -3.43% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
JTS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 09, 2016 | Nov 09, 2016 | Nov 09, 2016 | ฿0.100 | 0% |
| 2 | Mar 18, 2013 | Mar 18, 2013 | Mar 18, 2013 | ฿0.0500 | 0% |
| 3 | Nov 16, 2012 | Nov 16, 2012 | Nov 16, 2012 | ฿0.0500 | 0% |
| 4 | Mar 07, 2011 | Mar 07, 2011 | Mar 07, 2011 | ฿0.0800 | 0% |
| 5 | Mar 29, 2010 | Mar 29, 2010 | Mar 29, 2010 | ฿0.0600 | 0% |
FAQ
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