Thai Rubber Latex Corp (Thailand) Public Stock Forecast

Thai Rubber Latex Corp (Thailand) Public stock price ended at ฿1.32 on Friday, after losing 0%.
(Updated on May 03, 2024)

TRUBB.BK Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 02, 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 Thai Rubber Latex Corp (Thailand) Public 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 ฿1.36 and ฿1.50. 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. The stock had a Golden Star Signal on Thursday, January 25, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Thai Rubber Latex Corp (Thailand) Public stock

Thai Rubber Latex Corp (Thailand) Public finds support from accumulated volume at ฿1.31 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 ฿0.0400 between high and low, or 3.08%. For the last week, the stock has had daily average volatility of 4.62%.

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

Trading Expectations (TRUBB.BK) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Thai Rubber Latex Corporation (Thailand) Public Company Limited to open at ฿1.32, and during the day (based on 14 day Average True Range), to move between ฿1.26 and ฿1.38, which gives a possible trading interval of +/-฿0.0632 (+/-4.78%) up or down from last closing price. If Thai Rubber Latex Corporation (Thailand) Public Company Limited takes out the full calculated possible swing range there will be an estimated 9.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ฿1.31 (0.76%) than the resistance at ฿1.43 (8.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Thai Rubber Latex Corporation (Thailand) Public Company Limited stock A Buy?

The Thai Rubber Latex Corp (Thailand) Public stock holds several negative signals and despite the positive trend, we believe Thai Rubber Latex Corp (Thailand) Public will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.971 Sell Candidate Unchanged

Predicted Opening Price for Thai Rubber Latex Corporation (Thailand) Public Company Limited of Tuesday, May 7, 2024

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