Thai Steel Cable Public Company Limited Stock Forecast

Thai Steel Cable Public Company Limited stock price ended at ฿14.90 on Friday, after losing 0%.
(Updated on May 17, 2024)

TSC.BK Signals & Forecast

The Thai Steel Cable Public Company Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ฿14.87 and ฿14.71. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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 Wednesday, May 08, 2024 in the short-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.

Buy

Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Wednesday, May 08, 2024 in the short-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.

Sell

Special Signal Notification

Double Top Formation

Support, Risk & Stop-loss for Thai Steel Cable Public Company Limited stock

Thai Steel Cable Public Company Limited finds support from accumulated volume at ฿14.80 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 ฿0.1000 between high and low, or 0.676%. For the last week the stock has had daily average volatility of 0.676%.

Our recommended stop-loss: ฿14.33 (-3.80%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

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

For the upcoming trading day on Monday, 20th we expect Thai Steel Cable Public Company Limited to open at ฿14.87, and during the day (based on 14 day Average True Range), to move between ฿14.72 and ฿15.08, which gives a possible trading interval of +/-฿0.184 (+/-1.23%) up or down from last closing price. If Thai Steel Cable Public Company Limited takes out the full calculated possible swing range there will be an estimated 2.47% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ฿14.80, some ฿0.1000 (0.67%) from the current price of ฿14.90, our system finds the risk reward attractive.

Is Thai Steel Cable Public Company Limited stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Thai Steel Cable Public Company Limited stock to perform well in the short-term.

Current score: 2.388 Buy Candidate Unchanged

Predicted Opening Price for Thai Steel Cable Public Company Limited of Monday, May 20, 2024

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