Quality Houses Public Company Limited Stock Forecast
Red day on Friday for Quality Houses Public Company Limited
(Updated on May 03, 2024)
The Quality Houses Public Company Limited stock price fell by -0.92% on the last day (Friday, 3rd May 2024) from ฿2.18 to ฿2.16. During the last trading day the stock fluctuated 0.93% from a day low at ฿2.16 to a day high of ฿2.18. The price has been going up and down for this period, and there has been a -3.57% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 million shares and in total, 5 million shares were bought and sold for approximately ฿9.84 million.
The stock has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately ฿2.16 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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QH-R.BK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has fallen 0%. 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 Quality Houses 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 ฿2.18 and ฿2.21. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Quality Houses 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ฿0.0200 between high and low, or 0.93%. For the last week the stock has had daily average volatility of 1.49%.
Our recommended stop-loss: ฿2.02 (-6.50%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (QH-R.BK) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Quality Houses Public Company Limited to open at ฿2.17, and during the day (based on 14 day Average True Range), to move between ฿2.12 and ฿2.20, which gives a possible trading interval of +/-฿0.0358 (+/-1.66%) up or down from last closing price. If Quality Houses Public Company Limited takes out the full calculated possible swing range there will be an estimated 3.31% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ฿2.18, some ฿0.0200 (0.93%) from the current price of ฿2.16, our system finds the risk reward not very attractive.
Earnings coming up
Quality Houses Public Company Limited will release earnings BMO on Tuesday, May 07, 2024. We will update the financials statements for Quality Houses Public Company Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.23% in the first trading day after earnings release.
Is Quality Houses Public Company Limited stock A Buy?
Quality Houses Public Company Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.690 Hold/Accumulate Unchanged
Predicted Opening Price for Quality Houses Public Company Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ฿2.17 ( 0.309%) | ฿2.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QH-R.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.19 | 1.23 % | |
| R2 | 2.18 | 0.88 % | ||
| R1 | 2.17 | 0.662 % | ||
| Current price: | 2.16 | |||
| Support | S1 | 2.16 | -0.0451 % | |
| S2 | 2.15 | -0.264 % | ||
| S3 | 2.15 | -0.617 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.24 | 3.70 % | |
| R2 | 2.20 | 1.85 % | ||
| R1 | 2.18 | 0.93 % | ||
| Current price | 2.16 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
QH-R Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | May 16, 2024 | ฿0.100 | 4.59% |
| 2 | Aug 23, 2023 | Aug 23, 2023 | Aug 23, 2023 | ฿0.0500 | 2.19% |
| 3 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ฿0.100 | 4.27% |
| 4 | Aug 24, 2022 | Aug 24, 2022 | Aug 24, 2022 | ฿0.0400 | 1.85% |
| 5 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | ฿0.0700 | 3.15% |
FAQ
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