Sino-thai Engineering And Construction Stock Forecast

Stronger technical forecast for Sino-thai Engineering And Construction stock price after Friday trading.
(Updated on Jun 28, 2024)

STEC-R.BK Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 4.65%. 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 Sino-thai Engineering And Construction 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 ฿9.03 and ฿9.33. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

Support, Risk & Stop-loss for Sino-thai Engineering And Construction stock

Sino-thai Engineering And Construction finds support from accumulated volume at ฿8.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 ฿0.200 between high and low, or 2.23%. For the last week, the stock has had daily average volatility of 2.67%.

Our recommended stop-loss: ฿8.48 (-5.73%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 22 days ago.)

Trading Expectations (STEC-R.BK) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Sino-thai Engineering And Construction Public Company Limited to open at ฿9.03, and during the day (based on 14 day Average True Range), to move between ฿8.73 and ฿9.27, which gives a possible trading interval of +/-฿0.270 (+/-3.00%) up or down from last closing price. If Sino-thai Engineering And Construction Public Company Limited takes out the full calculated possible swing range there will be an estimated 6.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ฿8.95 (0.56%) than the resistance at ฿9.90 (10.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Sino-thai Engineering And Construction Public Company Limited stock A Buy?

Sino-thai Engineering And Construction 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.674 Hold/Accumulate Upgraded

Predicted Opening Price for Sino-thai Engineering And Construction Public Company Limited of Monday, July 1, 2024

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