Preecha Group Public Company Limited Stock Forecast
Red day on Tuesday for Preecha Group Public Company Limited stock after losing 0.89%
(Updated on Jul 02, 2024)
The Preecha Group Public Company Limited stock price fell by -0.89% on the last day (Tuesday, 2nd Jul 2024) from ฿1.12 to ฿1.11. During the last trading day the stock fluctuated 1.80% from a day low at ฿1.11 to a day high of ฿1.13. The price has fallen in 4 of the last 10 days but is still up by 1.83% over the past 2 weeks. Volume has increased on the last day by 18 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, 55 thousand shares were bought and sold for approximately ฿60.83 thousand.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.08% during the next 3 months and, with a 90% probability hold a price between ฿1.17 and ฿1.32 at the end of this 3-month period.
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PRECHA.BK Signals & Forecast
The Preecha Group Public Company Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ฿1.13. On a fall, the stock will find some support from the long-term average at approximately ฿1.11. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen -3.48%. Further fall is indicated until a new bottom pivot has been found. Preecha Group 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". The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Wednesday, June 26, 2024 and based on theory for this formation the price should fall by -3.60% to ฿1.07 within 20 trading days since signal was issued (Thursday, July 25, 2024).
Support, Risk & Stop-loss for Preecha Group Public Company Limited stock
Preecha Group Public Company Limited finds support from accumulated volume at ฿1.08 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 ฿0.0200 (1.80%) between high and low. For the last week, the stock has had daily average volatility of 1.96%.
Our recommended stop-loss: ฿1.07 (-3.92%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (PRECHA.BK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Preecha Group Public Company Limited to open at ฿1.12, and during the day (based on 14 day Average True Range), to move between ฿1.08 and ฿1.14, which gives a possible trading interval of +/-฿0.0278 (+/-2.50%) up or down from last closing price. If Preecha Group Public Company Limited takes out the full calculated possible swing range there will be an estimated 5.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿1.12 (0.90%) than the support at ฿1.08 (2.70%), 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.
Is Preecha Group Public Company Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Preecha Group Public Company Limited stock to perform well in the short-term.
Current score: 2.853 Buy Candidate Unchanged
Predicted Opening Price for Preecha Group Public Company Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| ฿1.12 ( 0.601%) | ฿1.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRECHA.BK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.14 | 2.40% |
| R2 | 1.13 | 1.71% |
| R1 | 1.12 | 1.29% |
| Price | 1.11 | |
| S1 | 1.11 | -0.0877% |
| S2 | 1.10 | -0.513% |
| S3 | 1.10 | -1.20% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.15 | 3.60% |
| R2 | 1.14 | 2.70% |
| R1 | 1.12 | 0.90% |
| Price | 1.11 | |
| S1 | 1.08 | -2.70% |
| S2 | 1.06 | -4.50% |
| S3 | 1.05 | -5.41% |
PRECHA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2014 | Apr 30, 2014 | Apr 30, 2014 | ฿0.0500 | 0% |
| 2 | May 03, 2013 | May 03, 2013 | May 03, 2013 | ฿0.0500 | 0% |
| 3 | May 03, 2012 | May 03, 2012 | May 03, 2012 | ฿0.0500 | 0% |
| 4 | Apr 29, 2011 | Apr 29, 2011 | Apr 29, 2011 | ฿0.0500 | 0% |
| 5 | Apr 29, 2010 | Apr 29, 2010 | Apr 29, 2010 | ฿0.120 | 0% |
FAQ
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