Sala @ Sathorn Property Fund Trust Forecast

Red day on Friday for Sala @ Sathorn Property Fund trust after losing 0%
(Updated on Jun 28, 2024)

SSPF.BK Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 1.24%. 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 Sala @ Sathorn Property Fund trust holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the trust giving a more negative forecast for the stock. On further gains, the trust will meet resistance from the long-term Moving Average at ฿5.05. On a fall, the trust will find some support from the short-term average at ฿4.89. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Sala @ Sathorn Property Fund trust

Sala @ Sathorn Property Fund finds support from accumulated volume at ฿4.84 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: ฿4.61 (-5.85%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (SSPF.BK) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Sala @ Sathorn Property Fund to open at ฿4.90, and during the day (based on 14 day Average True Range), to move between ฿4.82 and ฿4.98, which gives a possible trading interval of +/-฿0.0835 (+/-1.70%) up or down from last closing price. If Sala @ Sathorn Property Fund takes out the full calculated possible swing range there will be an estimated 3.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ฿4.84 (1.22%) than the resistance at ฿4.98 (1.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Sala @ Sathorn Property Fund trust A Buy?

Sala @ Sathorn Property Fund holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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 Sala @ Sathorn Property Fund of Monday, July 1, 2024

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