KCE Electronics Public Company Limited Stock Forecast
Red day on Thursday for KCE Electronics Public Company Limited
(Updated on May 02, 2024)
The KCE Electronics Public Company Limited stock price fell by -2.55% on the last day (Thursday, 2nd May 2024) from ฿39.25 to ฿38.25. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.31% from a day low at ฿37.75 to a day high of ฿39.00. 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 4 million 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, 12 million shares were bought and sold for approximately ฿455.02 million.
The stock lies in the middle of a wide and 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 -7.05% during the next 3 months and, with a 90% probability hold a price between ฿32.12 and ฿40.00 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
KCE-R.BK Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, March 04, 2024, and so far it has risen 4.08%. 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 KCE Electronics Public Company Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ฿39.46 and ฿39.33. 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 KCE Electronics Public Company Limited stock
KCE Electronics Public Company Limited finds support from accumulated volume at ฿37.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ฿1.25 (3.31%) between high and low. For the last week, the stock has had daily average volatility of 2.71%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KCE-R.BK) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect KCE Electronics Public Company Limited to open at ฿38.33, and during the day (based on 14 day Average True Range), to move between ฿37.07 and ฿39.43, which gives a possible trading interval of +/-฿1.18 (+/-3.10%) up or down from last closing price. If KCE Electronics Public Company Limited takes out the full calculated possible swing range there will be an estimated 6.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿38.50 (0.65%) than the support at ฿37.75 (1.31%), 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.
Earnings coming up
KCE Electronics Public Company Limited will release earnings BMO on Tuesday, May 07, 2024. We will update the financials statements for KCE Electronics Public Company Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.58% in the first trading day after earnings release.
Is KCE Electronics Public Company Limited stock A Buy?
KCE Electronics Public Company Limited holds several negative signals and is within a wide 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 stock.
Current score: -2.579 Sell Candidate Unchanged
Predicted Opening Price for KCE Electronics Public Company Limited of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| ฿38.33 ( 0.218%) | ฿38.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KCE-R.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.58 | 3.49 % | |
| R2 | 39.11 | 2.24 % | ||
| R1 | 38.81 | 1.47 % | ||
| Current price: | 38.25 | |||
| Support | S1 | 37.86 | -1.03 % | |
| S2 | 37.56 | -1.80 % | ||
| S3 | 37.08 | -3.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.75 | 3.92 % | |
| R2 | 39.00 | 1.96 % | ||
| R1 | 38.50 | 0.654 % | ||
| Current price | 38.25 | |||
| Support | S1 | 37.75 | -1.31% | |
| S2 | 37.25 | -2.61% | ||
| S3 | 37.00 | -3.27% |
KCE-R Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 25, 2024 | Mar 25, 2024 | May 10, 2024 | ฿0.700 | 1.83% |
| 2 | Aug 21, 2023 | Aug 21, 2023 | Aug 21, 2023 | ฿0.600 | 1.29% |
| 3 | Mar 20, 2023 | Mar 20, 2023 | Mar 20, 2023 | ฿0.600 | 1.42% |
| 4 | Aug 22, 2022 | Aug 22, 2022 | Aug 22, 2022 | ฿1.00 | 1.80% |
| 5 | Mar 21, 2022 | Mar 21, 2022 | Mar 21, 2022 | ฿1.00 | 1.59% |
FAQ
Click here for our free guide on how to buy KCE Electronics Public Company Limited Stock.
