Jasmine Telecom Systems Public Co Ltd Stock Forecast
Stronger technical forecast for Jasmine Telecom Systems Public Co Ltd stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The Jasmine Telecom Systems Public Co Ltd stock price fell by -3.48% on the last day (Tuesday, 2nd Jul 2024) from ฿57.50 to ฿55.50. During the last trading day the stock fluctuated 5.45% from a day low at ฿55.00 to a day high of ฿58.00. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume has increased on the last day by 118 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 527 thousand shares were bought and sold for approximately ฿29.26 million.
The stock has broken the very wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at ฿56.14. A reaction back to this level may hold a second chance to get out before further falls.
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JTS.BK Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 1.83%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 ฿58.04 and ฿64.21. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Jasmine Telecom Systems Public Co Ltd stock
Jasmine Telecom Systems Public Co Ltd finds support from accumulated volume at ฿54.50 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 ฿3.00 between high and low, or 5.45%. For the last week, the stock has had daily average volatility of 4.49%.
Our recommended stop-loss: ฿52.55 (-5.32%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (JTS.BK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Jasmine Telecom Systems Public Company Limited to open at ฿56.17, and during the day (based on 14 day Average True Range), to move between ฿52.24 and ฿58.76, which gives a possible trading interval of +/-฿3.26 (+/-5.87%) 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 11.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿54.50 (1.80%) than the resistance at ฿58.50 (5.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jasmine Telecom Systems Public Company Limited stock A Buy?
Jasmine Telecom Systems Public Co Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.141 Hold/Accumulate Upgraded
Predicted Opening Price for Jasmine Telecom Systems Public Company Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| ฿56.17 ( 1.20%) | ฿55.50 |
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 | |
|---|---|---|
| R3 | 59.17 | 6.61% |
| R2 | 58.02 | 4.54% |
| R1 | 57.31 | 3.27% |
| Price | 55.50 | |
| S1 | 55.02 | -0.86% |
| S2 | 54.31 | -2.14% |
| S3 | 53.17 | -4.20% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 69.00 | 24.32% |
| R2 | 64.50 | 16.22% |
| R1 | 58.50 | 5.41% |
| Price | 55.50 | |
| S1 | 54.50 | -1.80% |
| S2 | 52.75 | -4.95% |
| S3 | 52.25 | -5.86% |
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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