RS Public Company Limited Stock Forecast
RS Public Company Limited stock price down 0% on Friday
(Updated on May 17, 2024)
No changes to the price of RS Public Company Limited stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 1.59% from a day low at ฿12.60 to a day high of ฿12.80. The price has fallen in 4 of the last 10 days and is down by -0.78% for this period.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.75% during the next 3 months and, with a 90% probability hold a price between ฿11.45 and ฿12.63 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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RS-R.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 RS 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 ฿13.07 and ฿12.91. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -5.93%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for RS Public Company Limited stock
RS Public Company Limited finds support from accumulated volume at ฿12.60 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 controlled movements and therefore the general risk is considered 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 ฿0.200 between high and low, or 1.59%. For the last week the stock has had daily average volatility of 1.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RS-R.BK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect RS Public Company Limited to open at ฿12.70, and during the day (based on 14 day Average True Range), to move between ฿12.43 and ฿12.97, which gives a possible trading interval of +/-฿0.267 (+/-2.10%) up or down from last closing price. If RS Public Company Limited takes out the full calculated possible swing range there will be an estimated 4.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿12.60 (0.79%) than the resistance at ฿13.00 (2.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is RS Public Company Limited stock A Buy?
RS Public Company Limited holds several negative signals and is within a 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: -4.142 Sell Candidate Unchanged
Predicted Opening Price for RS Public Company Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ฿12.70 ( 0.00000000%) | ฿12.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RS-R.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.90 | 1.57 % | |
| R2 | 12.82 | 0.97 % | ||
| R1 | 12.78 | 0.602 % | ||
| Current price: | 12.70 | |||
| Support | S1 | 12.62 | -0.602 % | |
| S2 | 12.58 | -0.97 % | ||
| S3 | 12.50 | -1.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.50 | 6.30 % | |
| R2 | 13.10 | 3.15 % | ||
| R1 | 13.00 | 2.36 % | ||
| Current price | 12.70 | |||
| Support | S1 | 12.60 | -0.787% | |
| S2 | 12.50 | -1.57% | ||
| S3 | 12.40 | -2.36% |
RS-R Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 04, 2023 | Oct 04, 2023 | Oct 04, 2023 | ฿0.600 | 4.17% |
| 2 | Apr 18, 2023 | Apr 18, 2023 | Apr 18, 2023 | ฿0.0111 | 0.0723% |
| 3 | May 03, 2022 | May 03, 2022 | May 03, 2022 | ฿0.318 | 1.84% |
| 4 | Mar 04, 2020 | Mar 04, 2020 | Mar 04, 2020 | ฿0.0909 | 0.84% |
| 5 | Aug 26, 2019 | Aug 26, 2019 | Aug 26, 2019 | ฿0.182 | 1.11% |
FAQ
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