Jubilee Enterprise Public Co Ltd Stock Forecast

Jubilee Enterprise Public Co Ltd stock price up 0.680% on Friday
(Updated on May 17, 2024)

JUBILE.BK Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 0.680%. 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 Jubilee Enterprise 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 ฿15.30 and ฿16.02. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Jubilee Enterprise Public Co Ltd stock

Jubilee Enterprise Public Co Ltd finds support from accumulated volume at ฿14.70 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ฿0.500 between high and low, or 3.45%. For the last week the stock has had daily average volatility of 3.22%.

Jubilee Enterprise Public Co Ltd is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (JUBILE.BK) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Jubilee Enterprise Public Company Limited to open at ฿14.77, and during the day (based on 14 day Average True Range), to move between ฿14.51 and ฿15.09, which gives a possible trading interval of +/-฿0.287 (+/-1.94%) up or down from last closing price. If Jubilee Enterprise Public Company Limited takes out the full calculated possible swing range there will be an estimated 3.88% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ฿14.70 (0.68%) than the resistance at ฿16.20 (9.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Jubilee Enterprise Public Company Limited stock A Buy?

Jubilee Enterprise Public Co Ltd holds several negative signals and is within a 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.

Current score: -2.493 Sell Candidate Unchanged

Predicted Opening Price for Jubilee Enterprise Public Company Limited of Monday, May 20, 2024

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