K.C. Metalsheet Public Company Limited Stock Forecast
Weaker technical forecast for K.C. Metalsheet Public Company Limited as stock downgraded to Sell Candidate.
(Updated on May 27, 2024)
No changes to the price of K.C. Metalsheet Public Company Limited stock on the last trading day (Monday, 27th May 2024). During the last trading day the stock fluctuated 2.86% from a day low at ฿0.350 to a day high of ฿0.360. The price has been going up and down for this period, and there has been a -5.26% loss for the last 2 weeks.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ฿0.353 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.48% during the next 3 months and, with a 90% probability hold a price between ฿0.337 and ฿0.379 at the end of this 3-month period.
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KCM.BK Signals & Forecast
There are mixed signals in the stock today. The K.C. Metalsheet 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 ฿0.366 and ฿0.379. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, May 20, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
A sell signal from a double top formation was found on Monday, March 25, 2024 with a target of ฿0.362. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for K.C. Metalsheet 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved ฿0.0100 between high and low, or 2.86%. For the last week the stock has had daily average volatility of 3.95%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KCM.BK) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect K.C. Metalsheet Public Company Limited to open at ฿0.357, and during the day (based on 14 day Average True Range), to move between ฿0.345 and ฿0.375, which gives a possible trading interval of +/-฿0.0148 (+/-4.10%) up or down from last closing price. If K.C. Metalsheet Public Company Limited takes out the full calculated possible swing range there will be an estimated 8.20% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ฿0.380, some ฿0.0200 (5.56%) from the current price of ฿0.360, our system finds the risk reward not very attractive.
Is K.C. Metalsheet Public Company Limited stock A Buy?
K.C. Metalsheet Public Company Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.120 Sell Candidate Downgraded
Predicted Opening Price for K.C. Metalsheet Public Company Limited of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| ฿0.357 ( 0.93%) | ฿0.360 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KCM.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.367 | 1.85 % | |
| R2 | 0.363 | 0.791 % | ||
| R1 | 0.360 | 0.135 % | ||
| Current price: | 0.360 | |||
| Support | S1 | 0.353 | -1.99 % | |
| S2 | 0.350 | -2.64 % | ||
| S3 | 0.347 | -3.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.400 | 11.11 % | |
| R2 | 0.390 | 8.33 % | ||
| R1 | 0.380 | 5.56 % | ||
| Current price | 0.360 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
KCM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 12, 2021 | May 12, 2021 | May 12, 2021 | ฿0.0045 | 0% |
| 2 | May 10, 2019 | May 10, 2019 | May 10, 2019 | ฿0.0034 | 0% |
| 3 | May 03, 2017 | May 03, 2017 | May 03, 2017 | ฿0.0076 | 0% |
| 4 | May 10, 2016 | May 10, 2016 | May 10, 2016 | ฿0.0100 | 0% |
| 5 | May 07, 2015 | May 07, 2015 | May 07, 2015 | ฿0.0300 | 0% |
FAQ
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