Quality Houses Hotel and Residence Stock Forecast

Quality Houses Hotel and Residence stock price ended at ฿6.50 on Friday, after losing 0.763%.
(Updated on Apr 19, 2024)

QHHR.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 Quality Houses Hotel and Residence 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 ฿6.56 and ฿6.59. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -2.99%. Further fall is indicated until a new bottom pivot has been found. Quality Houses Hotel and Residence 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".

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Thursday, March 07, 2024 with a target of ฿6.52. Despite whether the objective of the signal formation has been reached the stock may continue to fall.

Support, Risk & Stop-loss for Quality Houses Hotel and Residence stock

Quality Houses Hotel and Residence finds support from accumulated volume at ฿6.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 ฿0.0500 between high and low, or 0.775%. For the last week the stock has had daily average volatility of 0.617%.

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

Trading Expectations (QHHR.BK) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Quality Houses Hotel and Residence Freehold and Leasehold Property Fund to open at ฿6.48, and during the day (based on 14 day Average True Range), to move between ฿6.42 and ฿6.58, which gives a possible trading interval of +/-฿0.0774 (+/-1.19%) up or down from last closing price. If Quality Houses Hotel and Residence Freehold and Leasehold Property Fund takes out the full calculated possible swing range there will be an estimated 2.38% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ฿6.55 (0.77%) than the support at ฿6.40 (1.54%), 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 Quality Houses Hotel and Residence Freehold and Leasehold Property Fund stock A Buy?

Quality Houses Hotel and Residence holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.325 Sell Candidate Unchanged

Predicted Opening Price for Quality Houses Hotel and Residence Freehold and Leasehold Property Fund of Monday, April 22, 2024

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