T.krungthai Industries Public Co Ltd Stock Forecast
Red day on Friday for T.krungthai Industries Public Co Ltd stock after losing 0%
(Updated on Jun 28, 2024)
No changes to the price of T.krungthai Industries Public Co Ltd stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 2.86% from a day low at ฿1.75 to a day high of ฿1.80. The price has fallen in 5 of the last 10 days.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect T.krungthai Industries Public Co Ltd stock with a 90% probability to be traded between ฿1.72 and ฿1.79 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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TKT.BK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 0.571%. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The T.krungthai Industries Public Co Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ฿1.76 and ฿1.76. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for T.krungthai Industries Public Co Ltd stock
T.krungthai Industries Public Co Ltd finds support from accumulated volume at ฿1.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ฿0.0500 between high and low, or 2.86%. For the last week the stock has had daily average volatility of 2.97%.
Our recommended stop-loss: ฿1.66 (-5.75%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (TKT.BK) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect T.krungthai Industries Public Company Limited to open at ฿1.77, and during the day (based on 14 day Average True Range), to move between ฿1.71 and ฿1.81, which gives a possible trading interval of +/-฿0.0476 (+/-2.71%) up or down from last closing price. If T.krungthai Industries Public Company Limited takes out the full calculated possible swing range there will be an estimated 5.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿1.77 (0.57%) than the support at ฿1.75 (0.57%), 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 T.krungthai Industries Public Company Limited stock A Buy?
T.krungthai Industries Public Co Ltd 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: 0.909 Hold/Accumulate Unchanged
Predicted Opening Price for T.krungthai Industries Public Company Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ฿1.77 ( 0.568%) | ฿1.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TKT.BK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.82 | 3.41% |
| R2 | 1.80 | 2.32% |
| R1 | 1.79 | 1.65% |
| Price | 1.76 | |
| S1 | 1.75 | -0.517% |
| S2 | 1.74 | -1.19% |
| S3 | 1.72 | -2.27% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.79 | 1.70% |
| R2 | 1.78 | 1.14% |
| R1 | 1.77 | 0.568% |
| Price | 1.76 | |
| S1 | 1.75 | -0.568% |
| S2 | 1.73 | -1.70% |
| S3 | 1.72 | -2.27% |
TKT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2016 | Mar 07, 2016 | Mar 07, 2016 | ฿0.0600 | 0% |
| 2 | Mar 09, 2015 | Mar 09, 2015 | Mar 09, 2015 | ฿0.100 | 0% |
| 3 | Mar 10, 2014 | Mar 10, 2014 | Mar 10, 2014 | ฿0.143 | 0% |
| 4 | Mar 05, 2013 | Mar 05, 2013 | Mar 05, 2013 | ฿0.180 | 0% |
| 5 | Mar 06, 2012 | Mar 06, 2012 | Mar 06, 2012 | ฿0.0500 | 0% |
FAQ
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