Sahacogen (chonburi) Public Co Ltd Stock Forecast
Green day on Tuesday for Sahacogen (chonburi) Public Co Ltd
(Updated on Jul 02, 2024)
The Sahacogen (chonburi) Public Co Ltd stock price gained 2.86% on the last trading day (Tuesday, 2nd Jul 2024), rising from ฿3.50 to ฿3.60. During the last trading day the stock fluctuated 3.43% from a day low at ฿3.50 to a day high of ฿3.62. The price has risen in 5 of the last 10 days and is up by 10.43% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 21 thousand more shares were traded than the day before. In total, 31 thousand shares were bought and sold for approximately ฿112.50 thousand.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 18.92% during the next 3 months and, with a 90% probability hold a price between ฿4.01 and ฿4.61 at the end of this 3-month period.
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SCG.BK Signals & Forecast
The Sahacogen (chonburi) Public Co Ltd 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 ฿3.58 and ฿3.46. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Sahacogen (chonburi) Public Co Ltd 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 Monday, June 10, 2024, and so far it has fallen -2.70%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Sahacogen (chonburi) Public Co Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ฿3.42 and ฿3.04. 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, Sahacogen (chonburi) Public Co Ltd finds support just below today's level at ฿3.42. If this is broken, then the next support from accumulated volume will be at ฿3.04 and ฿2.96.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ฿0.120 between high and low, or 3.43%. For the last week, the stock has had daily average volatility of 1.81%.
Our recommended stop-loss: ฿3.42 (-5.13%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 46 days ago.)
Trading Expectations (SCG.BK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Sahacogen (chonburi) Public Company Limited to open at ฿3.57, and during the day (based on 14 day Average True Range), to move between ฿3.46 and ฿3.74, which gives a possible trading interval of +/-฿0.144 (+/-3.99%) up or down from last closing price. If Sahacogen (chonburi) Public Company Limited takes out the full calculated possible swing range there will be an estimated 7.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿3.62 (0.56%) than the support at ฿3.42 (5.00%), 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 Sahacogen (chonburi) Public Company Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Sahacogen (chonburi) Public Co Ltd stock to perform well in the short-term.
Current score: 3.960 Buy Candidate Unchanged
Predicted Opening Price for Sahacogen (chonburi) Public Company Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| ฿3.57 ( 0.741%) | ฿3.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCG.BK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.69 | 2.59% |
| R2 | 3.65 | 1.32% |
| R1 | 3.62 | 0.533% |
| Price | 3.60 | |
| S1 | 3.53 | -2.01% |
| S2 | 3.50 | -2.80% |
| S3 | 3.45 | -4.07% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 3.70 | 2.78% |
| R1 | 3.62 | 0.556% |
| Price | 3.60 | |
| S1 | 3.42 | -5.00% |
| S2 | 3.04 | -15.56% |
| S3 | 2.96 | -17.78% |
SCG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | Apr 30, 2024 | May 17, 2024 | ฿0.0500 | 1.55% |
| 2 | Apr 28, 2023 | Apr 28, 2023 | May 19, 2023 | ฿0.0500 | 1.18% |
| 3 | May 03, 2022 | May 03, 2022 | May 20, 2022 | ฿0.0610 | 1.26% |
| 4 | May 05, 2021 | May 05, 2021 | May 25, 2021 | ฿0.0610 | 1.49% |
| 5 | Apr 30, 2020 | Apr 30, 2020 | Apr 30, 2020 | ฿0.0610 | 1.53% |
FAQ
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