Richy Place 2002 Public Company Limited Stock Forecast
Richy Place 2002 Public Company Limited stock price ended at ฿0.520 on Friday, after gaining 1.96%.
(Updated on Jun 14, 2024)
The Richy Place 2002 Public Company Limited stock price gained 1.96% on the last trading day (Friday, 14th Jun 2024), rising from ฿0.510 to ฿0.520. During the last trading day the stock fluctuated 3.92% from a day low at ฿0.510 to a day high of ฿0.530. The price has risen in 5 of the last 10 days but is still down by -5.45% for this period. Volume fell on the last day by -108 thousand shares and in total, 82 thousand shares were bought and sold for approximately ฿42.59 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 is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Richy Place 2002 Public Company Limited stock with a 90% probability to be traded between ฿0.476 and ฿0.596 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.
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RICHY.BK Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 1.96%. 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 Richy Place 2002 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 ฿0.524 and ฿0.557. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Richy Place 2002 Public Company Limited stock
Richy Place 2002 Public Company Limited finds support from accumulated volume at ฿0.510 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ฿0.0200 between high and low, or 3.92%. For the last week the stock has had daily average volatility of 3.94%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RICHY.BK) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Richy Place 2002 Public Company Limited to open at ฿0.520, and during the day (based on 14 day Average True Range), to move between ฿0.498 and ฿0.542, which gives a possible trading interval of +/-฿0.0218 (+/-4.19%) up or down from last closing price. If Richy Place 2002 Public Company Limited takes out the full calculated possible swing range there will be an estimated 8.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿0.510 (1.92%) than the resistance at ฿0.560 (7.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Richy Place 2002 Public Company Limited stock A Buy?
Richy Place 2002 Public Company Limited holds several negative signals and is within a very wide 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: -2.768 Sell Candidate Unchanged
Predicted Opening Price for Richy Place 2002 Public Company Limited of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| ฿0.520 ( 0%) | ฿0.520 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RICHY.BK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.540 | 3.85% |
| R2 | 0.532 | 2.38% |
| R1 | 0.528 | 1.47% |
| Price | 0.520 | |
| S1 | 0.512 | -1.47% |
| S2 | 0.508 | -2.38% |
| S3 | 0.500 | -3.85% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.590 | 13.46% |
| R2 | 0.580 | 11.54% |
| R1 | 0.560 | 7.69% |
| Price | 0.520 | |
| S1 | 0.510 | -1.92% |
| S2 | 0.500 | -3.85% |
| S3 | 0.480 | -7.69% |
RICHY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 03, 2023 | May 03, 2023 | May 03, 2023 | ฿0.0039 | 0.542% |
| 2 | May 05, 2022 | May 05, 2022 | May 05, 2022 | ฿0.0073 | 0.680% |
| 3 | May 18, 2021 | May 18, 2021 | May 18, 2021 | ฿0.0044 | 0.434% |
| 4 | May 06, 2021 | May 06, 2021 | May 06, 2021 | ฿0.0048 | 0.443% |
| 5 | Apr 30, 2020 | Apr 30, 2020 | Apr 30, 2020 | ฿0.0580 | 10.86% |
FAQ
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