Rockworth Public Company Limited Stock Forecast

Green day on Monday for Rockworth Public Company Limited stock after gaining 0.84%
(Updated on May 20, 2024)

ROCK.BK Signals & Forecast

There are few to no technical positive signals at the moment. The Rockworth Public Company Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ฿12.59 and ฿12.28. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -15.49%. 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). 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. The stock had a Golden Star Signal on Tuesday, June 06, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Rockworth Public Company Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at ฿10.00 and ฿9.75. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Rockworth Public Company Limited finds support just below today's level at ฿10.00. If this is broken, then the next support from accumulated volume will be at ฿9.75 and ฿9.40.

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 ฿0.400 between high and low, or 3.39%. For the last week the stock has had daily average volatility of 4.18%.

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

Trading Expectations (ROCK.BK) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Rockworth Public Company Limited to open at ฿12.00, and during the day (based on 14 day Average True Range), to move between ฿11.05 and ฿12.95, which gives a possible trading interval of +/-฿0.95 (+/-7.94%) up or down from last closing price. If Rockworth Public Company Limited takes out the full calculated possible swing range there will be an estimated 15.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ฿13.10 (9.17%) than the support at ฿10.00 (16.67%), 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 Rockworth Public Company Limited stock A Buy?

The Rockworth Public Company Limited stock holds several negative signals and despite the positive trend, we believe Rockworth Public Company Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.929 Sell Candidate Unchanged

Predicted Opening Price for Rockworth Public Company Limited of Tuesday, May 21, 2024

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