Siri Prime Office Property Fund Trust Forecast

Siri Prime Office Property Fund trust price ended at ฿7.20 on Tuesday, after gaining 0.699%.
(Updated on Jun 25, 2024)

SIRIP.BK Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 0.699%. Further rise is indicated until a new top pivot has been found. 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 Siri Prime Office Property Fund trust 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 ฿7.91 and ฿8.13. A break-up above any of these levels will issue buy signals. 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 Siri Prime Office Property Fund trust

Siri Prime Office Property Fund finds support from accumulated volume at ฿7.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the trust tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the trust During the last day, the trust moved ฿0 between high and low, or 0%. For the last week the trust has had daily average volatility of 0%

Our recommended stop-loss: ฿6.81 (-5.39%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (SIRIP.BK) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Siri Prime Office Property Fund to open at ฿7.20, and during the day (based on 14 day Average True Range), to move between ฿7.20 and ฿7.20, which gives a possible trading interval of +/-฿ (+/-0.00%) up or down from last closing price. If Siri Prime Office Property Fund takes out the full calculated possible swing range there will be an estimated 0.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ฿7.15 (0.69%) than the resistance at ฿7.95 (10.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Siri Prime Office Property Fund trust A Buy?

Siri Prime Office Property Fund holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Siri Prime Office Property Fund of Wednesday, June 26, 2024

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