Quality Houses Leasehold Property Fund Stock Forecast
Stronger technical forecast for Quality Houses Leasehold Property Fund stock price after Friday trading.
(Updated on Jun 14, 2024)
The Quality Houses Leasehold Property Fund stock price gained 0.92% on the last trading day (Friday, 14th Jun 2024), rising from ฿4.34 to ฿4.38. During the last trading day the stock fluctuated 1.39% from a day low at ฿4.32 to a day high of ฿4.38. The price has been going up and down for this period, and there has been a -0.45% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 27 thousand more shares were traded than the day before. In total, 205 thousand shares were bought and sold for approximately ฿896.84 thousand.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ฿4.44 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Quality Houses Leasehold Property Fund stock with a 90% probability to be traded between ฿3.90 and ฿4.39 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ฿4.36 and ฿4.37. A breakdown below any of these levels will issue sell signals. Quality Houses Leasehold Property Fund has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Friday, May 10, 2024, and so far it has fallen -1.79%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ฿0.0600 between high and low, or 1.39%. For the last week the stock has had daily average volatility of 1.02%.
Our recommended stop-loss: ฿4.17 (-4.86%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 44 days ago.)
Trading Expectations (QHPF.BK) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Quality Houses Leasehold Property Fund to open at ฿4.36, and during the day (based on 14 day Average True Range), to move between ฿4.32 and ฿4.44, which gives a possible trading interval of +/-฿0.0553 (+/-1.26%) 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 2.53% 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.035 Hold/Accumulate Upgraded
Predicted Opening Price for Quality Houses Leasehold Property Fund of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| ฿4.36 ( 0.457%) | ฿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 | |
|---|---|---|
| R3 | 4.42 | 0.91% |
| R2 | 4.40 | 0.390% |
| R1 | 4.38 | 0.0667% |
| Price | 4.38 | |
| S1 | 4.34 | -0.98% |
| S2 | 4.32 | -1.30% |
| S3 | 4.30 | -1.83% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.68 | 6.85% |
| R2 | 4.50 | 2.74% |
| R1 | 4.40 | 0.457% |
| Price | 4.38 | |
| 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 29, 2023 | ฿0.125 | 2.23% |
| 5 | Aug 22, 2023 | Aug 22, 2023 | Aug 22, 2023 | ฿0.132 | 2.08% |
FAQ
Click here for our free guide on how to buy Quality Houses Leasehold Property Fund Stock.
