TPI Polene Public Company Limited Stock Forecast
Red day on Thursday for TPI Polene Public Company Limited
(Updated on May 02, 2024)
No changes to the price of TPI Polene Public Company Limited stock on the last trading day (Thursday, 2nd May 2024). During the last trading day the stock fluctuated 1.48% from a day low at ฿1.35 to a day high of ฿1.37. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a 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 -4.68% during the next 3 months and, with a 90% probability hold a price between ฿1.27 and ฿1.34 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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TPIPL.BK Signals & Forecast
The TPI Polene Public Company Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ฿1.36 and ฿1.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 1.48%. 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. 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 TPI Polene Public Company Limited stock
TPI Polene Public Company Limited finds support from accumulated volume at ฿1.36 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 ฿0.0200 between high and low, or 1.48%. For the last week the stock has had daily average volatility of 1.33%.
Our recommended stop-loss: ฿1.29 (-5.60%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (TPIPL.BK) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect TPI Polene Public Company Limited to open at ฿1.36, and during the day (based on 14 day Average True Range), to move between ฿1.35 and ฿1.39, which gives a possible trading interval of +/-฿0.0184 (+/-1.34%) up or down from last closing price. If TPI Polene Public Company Limited takes out the full calculated possible swing range there will be an estimated 2.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿1.38 (0.73%) than the support at ฿1.36 (0.73%), 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.
Earnings coming up
TPI Polene Public Company Limited will release earnings BMO on Friday, May 10, 2024. We will update the financials statements for TPI Polene Public Company Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.58% in the first trading day after earnings release.
Is TPI Polene Public Company Limited stock A Buy?
TPI Polene Public Company Limited 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: 0.756 Hold/Accumulate Unchanged
Predicted Opening Price for TPI Polene Public Company Limited of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| ฿1.36 ( 0.487%) | ฿1.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TPIPL.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.38 | 0.97 % | |
| R2 | 1.38 | 0.416 % | ||
| R1 | 1.37 | 0.0710 % | ||
| Current price: | 1.37 | |||
| Support | S1 | 1.36 | -1.04 % | |
| S2 | 1.35 | -1.39 % | ||
| S3 | 1.34 | -1.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.41 | 2.92 % | |
| R2 | 1.40 | 2.19 % | ||
| R1 | 1.38 | 0.730 % | ||
| Current price | 1.37 | |||
| Support | S1 | 1.36 | -0.730% | |
| S2 | 1.35 | -1.46% | ||
| S3 | 0 | . |
TPIPL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 13, 2024 | Mar 13, 2024 | May 16, 2024 | ฿0.0700 | 5.11% |
| 2 | Sep 13, 2023 | Sep 13, 2023 | Sep 13, 2023 | ฿0.0300 | 1.97% |
| 3 | Mar 08, 2023 | Mar 08, 2023 | Mar 08, 2023 | ฿0.0700 | 4.32% |
| 4 | Dec 07, 2022 | Dec 07, 2022 | Dec 07, 2022 | ฿0.0300 | 1.68% |
| 5 | Mar 09, 2022 | Mar 09, 2022 | Mar 09, 2022 | ฿0.0600 | 3.66% |
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