Masterkool International Public Co Ltd Stock Forecast

A very red day for Masterkool International Public Co Ltd stock price after a -5.41% fall in the Friday trading session
(Updated on Jun 28, 2024)

KOOL.BK Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Masterkool International Public Co Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ฿0.366. On a fall, the stock will find some support from the short-term average at ฿0.344. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -5.41%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Masterkool International Public Co Ltd stock

On the downside, the stock finds support just below today's level from accumulated volume at ฿0.330 and ฿0.310. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Masterkool International Public Co Ltd finds support just below today's level at ฿0.330. If this is broken, then the next support from accumulated volume will be at ฿0.310 and ฿0.300.

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 ฿0.0200 between high and low, or 5.71%. For the last week the stock has had daily average volatility of 5.21%.

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

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

For the upcoming trading day on Monday, 1st we expect Masterkool International Public Company Limited to open at ฿0.357, and during the day (based on 14 day Average True Range), to move between ฿0.331 and ฿0.369, which gives a possible trading interval of +/-฿0.0194 (+/-5.55%) up or down from last closing price. If Masterkool International Public Company Limited takes out the full calculated possible swing range there will be an estimated 11.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ฿0.330 (5.71%) than the resistance at ฿0.370 (5.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Masterkool International Public Company Limited stock A Buy?

Masterkool International Public Co Ltd 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 Buy to a Sell candidate.

Current score: -3.249 Sell Candidate Downgraded

Predicted Opening Price for Masterkool International Public Company Limited of Monday, July 1, 2024

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