Khonburi Sugar Power Plant Trust Forecast

Red day on Friday for Khonburi Sugar Power Plant
(Updated on Jun 28, 2024)

KBSPIF.BK Signals & Forecast

There are few to no technical positive signals at the moment. The Khonburi Sugar Power Plant trust 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 ฿7.71 and ฿8.02. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 27, 2024, and so far it has fallen -7.88%. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this trust may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Khonburi Sugar Power Plant trust

There is no support from accumulated volume below today's level and given the right condition the trust may perform very badly in the next couple of days.

In general the trust tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the trust During the last day, the trust moved ฿0.100 between high and low, or 1.32%. For the last week the trust has had daily average volatility of 1.04%

Khonburi Sugar Power Plant is oversold on RSI14 (11). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (KBSPIF.BK) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Khonburi Sugar Power Plant Infrastructure Fund to open at ฿7.63, and during the day (based on 14 day Average True Range), to move between ฿7.51 and ฿7.69, which gives a possible trading interval of +/-฿0.0946 (+/-1.24%) up or down from last closing price. If Khonburi Sugar Power Plant Infrastructure Fund takes out the full calculated possible swing range there will be an estimated 2.49% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ ฿8.00, some ฿0.400 (5.26%) from the current price of ฿7.60, our system finds the risk reward not very attractive.

Is Khonburi Sugar Power Plant Infrastructure Fund trust A Buy?

Khonburi Sugar Power Plant holds several negative signals and is within a narrow 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 trust.

Current score: -3.767 Sell Candidate Unchanged

Predicted Opening Price for Khonburi Sugar Power Plant Infrastructure Fund of Monday, July 1, 2024

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