Quality Houses Leasehold Property Fund Stock Forecast
Green day on Friday for Quality Houses Leasehold Property Fund stock after gaining 0.459%
(Updated on May 24, 2024)
The Quality Houses Leasehold Property Fund stock price gained 0.459% on the last trading day (Friday, 24th May 2024), rising from ฿4.36 to ฿4.38. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.459% from a day low at ฿4.36 to a day high of ฿4.38. The price has fallen in 5 of the last 10 days and is down by -1.79% for this period. Volume fell on the last day by -137 thousand shares and in total, 193 thousand shares were bought and sold for approximately ฿846.79 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ฿4.54 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -19.57% during the next 3 months and, with a 90% probability hold a price between ฿2.73 and ฿3.65 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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QHPF.BK Signals & Forecast
The Quality Houses Leasehold Property Fund stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ฿4.35 and ฿4.27. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 10.05%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Quality Houses Leasehold Property Fund stock
Quality Houses Leasehold Property Fund finds support from accumulated volume at ฿4.26 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved ฿0.0200 between high and low, or 0.459%. For the last week the stock has had daily average volatility of 1.11%
Our recommended stop-loss: ฿4.22 (-3.56%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (QHPF.BK) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Quality Houses Leasehold Property Fund to open at ฿4.37, and during the day (based on 14 day Average True Range), to move between ฿4.31 and ฿4.45, which gives a possible trading interval of +/-฿0.0712 (+/-1.62%) up or down from last closing price. If Quality Houses Leasehold Property Fund takes out the full calculated possible swing range there will be an estimated 3.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿4.40 (0.46%) than the support at ฿4.26 (2.74%), 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 Leasehold Property Fund stock A Buy?
Quality Houses Leasehold Property Fund holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.088 Hold/Accumulate Unchanged
Predicted Opening Price for Quality Houses Leasehold Property Fund of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| ฿4.37 ( 0.152%) | ฿4.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QHPF.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.39 | 0.304 % | |
| R2 | 4.39 | 0.130 % | ||
| R1 | 4.38 | 0.0222 % | ||
| Current price: | 4.38 | |||
| Support | S1 | 4.37 | -0.327 % | |
| S2 | 4.36 | -0.434 % | ||
| S3 | 4.35 | -0.609 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.05 | 15.30 % | |
| R2 | 4.50 | 2.74 % | ||
| R1 | 4.40 | 0.457 % | ||
| Current price | 4.38 | |||
| Support | S1 | 4.26 | -2.74% | |
| S2 | 4.20 | -4.11% | ||
| S3 | 4.12 | -5.94% |
QHPF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 04, 2024 | Apr 04, 2024 | Apr 24, 2024 | ฿0.110 | 2.59% |
| 2 | Mar 11, 2024 | Mar 11, 2024 | Mar 28, 2024 | ฿0.120 | 2.68% |
| 3 | Dec 13, 2023 | Dec 13, 2023 | Dec 13, 2023 | ฿0.125 | 2.21% |
| 4 | Nov 10, 2023 | Nov 10, 2023 | Nov 10, 2023 | ฿0 | 0% |
| 5 | Aug 22, 2023 | Aug 22, 2023 | Aug 22, 2023 | ฿0.132 | 2.08% |
FAQ
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