Quality Construction Products Public Co Fund Forecast
Red day on Friday for Quality Construction Products Public Co fund after losing 3.39%
(Updated on Jun 28, 2024)
The Quality Construction Products Public Co fund price fell by -3.39% on the last day (Friday, 28th Jun 2024) from ฿11.80 to ฿11.40. It has now fallen 3 days in a row. During the last trading day the fund fluctuated 3.51% from a day low at ฿11.40 to a day high of ฿11.80. The price has fallen in 5 of the last 10 days and is down by -3.39% for this period. Volume fell on the last day along with the fund, which is actually a good sign as volume should follow the fund. On the last day, the trading volume fell by -35 thousand shares and in total, 396 thousand shares were bought and sold for approximately ฿4.52 million.
The fund 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 fund is expected to fall -24.09% during the next 3 months and, with a 90% probability hold a price between ฿8.26 and ฿10.15 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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Q-CON.BK Signals & Forecast
There are mixed signals in the fund today. The Quality Construction Products Public Co fund 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 ฿11.79 and ฿13.19. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 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).
Support, Risk & Stop-loss for Quality Construction Products Public Co fund
There is no support from accumulated volume below today's level and given the right condition the fund may perform very badly in the next couple of days.
This fund may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this fund is considered to be "high risk". During the last day, the fund moved ฿0.400 between high and low, or 3.51%. For the last week, the fund has had daily average volatility of 3.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (Q-CON.BK) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Quality Construction Products Public Company Limited to open at ฿11.53, and during the day (based on 14 day Average True Range), to move between ฿10.94 and ฿11.86, which gives a possible trading interval of +/-฿0.458 (+/-4.02%) up or down from last closing price. If Quality Construction Products Public Company Limited takes out the full calculated possible swing range there will be an estimated 8.04% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ฿11.80, some ฿0.400 (3.51%) from the current price of ฿11.40, our system finds the risk reward not very attractive.
Is Quality Construction Products Public Company Limited fund A Buy?
Quality Construction Products Public Co 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 fund.
Current score: -2.923 Sell Candidate Unchanged
Predicted Opening Price for Quality Construction Products Public Company Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ฿11.53 ( 1.17%) | ฿11.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for Q-CON.BK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.93 | 4.68% |
| R2 | 11.78 | 3.34% |
| R1 | 11.69 | 2.51% |
| Price | 11.40 | |
| S1 | 11.38 | -0.171% |
| S2 | 11.29 | -1.00% |
| S3 | 11.13 | -2.34% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.00 | 14.04% |
| R2 | 12.00 | 5.26% |
| R1 | 11.80 | 3.51% |
| Price | 11.40 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
Q-CON Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 29, 2024 | Mar 29, 2024 | Mar 29, 2024 | ฿1.00 | 6.62% |
| 2 | Mar 31, 2023 | Mar 31, 2023 | Mar 31, 2023 | ฿0.750 | 4.93% |
| 3 | Apr 01, 2022 | Apr 01, 2022 | Apr 01, 2022 | ฿0.310 | 5.44% |
| 4 | Apr 05, 2021 | Apr 05, 2021 | Apr 05, 2021 | ฿0.460 | 8.14% |
| 5 | Apr 03, 2020 | Apr 03, 2020 | Apr 03, 2020 | ฿0.180 | 4.02% |
FAQ
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