Singer Thailand Public Company Limited Stock Forecast
Singer Thailand Public Company Limited stock price down 3.80% on Friday
(Updated on Jun 28, 2024)
The Singer Thailand Public Company Limited stock price fell by -3.80% on the last day (Friday, 28th Jun 2024) from ฿9.20 to ฿8.85. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 4.52% from a day low at ฿8.85 to a day high of ฿9.25. The price has fallen in 7 of the last 10 days and is down by -4.32% for this period. Volume has increased on the last day by 917 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 million shares were bought and sold for approximately ฿42.16 million.
The stock lies in the middle of a very 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 -13.80% during the next 3 months and, with a 90% probability hold a price between ฿6.36 and ฿8.10 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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SINGER.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 Singer Thailand 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 ฿9.16 and ฿9.28. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -6.84%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Singer Thailand Public Company Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ฿8.40 and ฿8.05. 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, Singer Thailand Public Company Limited finds support just below today's level at ฿8.40. If this is broken, then the next support from accumulated volume will be at ฿8.05 and ฿7.85.
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 ฿0.400 between high and low, or 4.52%. For the last week, the stock has had daily average volatility of 3.95%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SINGER.BK) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Singer Thailand Public Company Limited to open at ฿8.98, and during the day (based on 14 day Average True Range), to move between ฿8.38 and ฿9.32, which gives a possible trading interval of +/-฿0.469 (+/-5.30%) up or down from last closing price. If Singer Thailand Public Company Limited takes out the full calculated possible swing range there will be an estimated 10.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿9.05 (2.26%) than the support at ฿8.40 (5.08%), 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 Singer Thailand Public Company Limited stock A Buy?
Singer Thailand 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: -3.676 Sell Candidate Unchanged
Predicted Opening Price for Singer Thailand Public Company Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ฿8.98 ( 1.51%) | ฿8.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SINGER.BK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.38 | 6.03% |
| R2 | 9.23 | 4.30% |
| R1 | 9.14 | 3.23% |
| Price | 8.85 | |
| S1 | 8.83 | -0.220% |
| S2 | 8.74 | -1.29% |
| S3 | 8.58 | -3.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.35 | 5.65% |
| R2 | 9.10 | 2.82% |
| R1 | 9.05 | 2.26% |
| Price | 8.85 | |
| S1 | 8.40 | -5.08% |
| S2 | 8.05 | -9.04% |
| S3 | 7.85 | -11.30% |
SINGER Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 03, 2023 | May 03, 2023 | May 19, 2023 | ฿0.260 | 2.32% |
| 2 | Aug 24, 2022 | Aug 24, 2022 | Sep 09, 2022 | ฿0.300 | 0.649% |
| 3 | Apr 29, 2022 | Apr 29, 2022 | May 20, 2022 | ฿0.550 | 1.10% |
| 4 | Aug 24, 2021 | Aug 24, 2021 | Sep 09, 2021 | ฿0.147 | 0.359% |
| 5 | Apr 30, 2021 | Apr 30, 2021 | May 21, 2021 | ฿0.147 | 0.385% |
FAQ
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