TRC Construction Public Company Limited Stock Forecast

Red day on Friday for TRC Construction Public Company Limited
(Updated on May 17, 2024)

TRC.BK Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The TRC Construction Public Company Limited 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 ฿0.290 and ฿0.306. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 TRC Construction Public Company Limited stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 ฿0.0100 between high and low, or 3.70%. For the last week, the stock has had daily average volatility of 6.57%.

TRC Construction Public Company Limited is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (TRC.BK) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect TRC Construction Public Company Limited to open at ฿0.277, and during the day (based on 14 day Average True Range), to move between ฿0.264 and ฿0.296, which gives a possible trading interval of +/-฿0.0163 (+/-5.81%) up or down from last closing price. If TRC Construction Public Company Limited takes out the full calculated possible swing range there will be an estimated 11.62% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ ฿0.310, some ฿0.0300 (10.71%) from the current price of ฿0.280, our system finds the risk reward not very attractive.

Is TRC Construction Public Company Limited stock A Buy?

TRC Construction Public Company Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.705 Sell Candidate Unchanged

Predicted Opening Price for TRC Construction Public Company Limited of Monday, May 20, 2024

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