Thai Ha Public Company Limited Stock Forecast
Thai Ha Public Company Limited stock price down 1.64% on Friday
(Updated on May 03, 2024)
The Thai Ha Public Company Limited stock price fell by -1.64% on the last day (Friday, 3rd May 2024) from ฿1.22 to ฿1.20. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.14% from a day low at ฿1.14 to a day high of ฿1.21. The price has fallen in 6 of the last 10 days and is down by -5.51% for this period. Volume has increased on the last day by 296 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, 317 thousand shares were bought and sold for approximately ฿380.88 thousand.
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 -10.81% during the next 3 months and, with a 90% probability hold a price between ฿1.02 and ฿1.11 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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KASET.BK Signals & Forecast
There are few to no technical positive signals at the moment. The Thai Ha 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 ฿1.23 and ฿1.26. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -6.98%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Thai Ha Public Company Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
A sell signal from a double top formation was found on Wednesday, March 27, 2024 with a target of ฿1.24. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Thai Ha Public Company Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ฿0.0700 between high and low, or 6.14%. For the last week the stock has had daily average volatility of 3.34%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KASET.BK) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Thai Ha Public Company Limited to open at ฿1.18, and during the day (based on 14 day Average True Range), to move between ฿1.17 and ฿1.23, which gives a possible trading interval of +/-฿0.0342 (+/-2.85%) up or down from last closing price. If Thai Ha Public Company Limited takes out the full calculated possible swing range there will be an estimated 5.70% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ฿1.25, some ฿0.0500 (4.17%) from the current price of ฿1.20, our system finds the risk reward not very attractive.
Is Thai Ha Public Company Limited stock A Buy?
Thai Ha Public Company Limited 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: -4.180 Sell Candidate Unchanged
Predicted Opening Price for Thai Ha Public Company Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ฿1.18 ( 1.39%) | ฿1.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KASET.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.25 | 4.44 % | |
| R2 | 1.23 | 2.22 % | ||
| R1 | 1.21 | 0.84 % | ||
| Current price: | 1.20 | |||
| Support | S1 | 1.16 | -3.62 % | |
| S2 | 1.14 | -4.99 % | ||
| S3 | 1.11 | -7.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.30 | 8.33 % | |
| R2 | 1.29 | 7.50 % | ||
| R1 | 1.25 | 4.17 % | ||
| Current price | 1.20 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
KASET Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 11, 2019 | Mar 11, 2019 | Mar 11, 2019 | ฿0.0400 | 0% |
| 2 | Mar 17, 2011 | Mar 17, 2011 | Mar 17, 2011 | ฿0.0391 | 0% |
| 3 | Mar 23, 2010 | Mar 23, 2010 | Mar 23, 2010 | ฿0.0391 | 0% |
| 4 | Mar 17, 2009 | Mar 17, 2009 | Mar 17, 2009 | ฿0.0391 | 0% |
| 5 | Aug 20, 2008 | Aug 20, 2008 | Aug 20, 2008 | ฿0.176 | 0% |
FAQ
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