Thai Solar Energy Public Company Limited Stock Forecast
Volatile ride for Thai Solar Energy Public Company Limited stock price on Tuesday moving between ฿1.10 and ฿1.30
(Updated on Jul 02, 2024)
The Thai Solar Energy Public Company Limited stock price gained 4.67% on the last trading day (Tuesday, 2nd Jul 2024), rising from ฿1.07 to ฿1.12. During the last trading day the stock fluctuated 18.18% from a day low at ฿1.10 to a day high of ฿1.30. The price has risen in 6 of the last 10 days and is up by 4.67% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 22 million more shares were traded than the day before. In total, 23 million shares were bought and sold for approximately ฿25.45 million.
The stock lies in the middle of a wide and 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 -9.63% during the next 3 months and, with a 90% probability hold a price between ฿0.91 and ฿1.04 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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TSE.BK Signals & Forecast
Mostly positive signals in the chart today. The Thai Solar Energy 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 ฿1.09 and ฿1.10. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 8.74%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Thai Solar Energy Public Company Limited stock
Thai Solar Energy Public Company Limited finds support from accumulated volume at ฿1.11 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ฿0.200 (18.18%) between high and low. For the last week, the stock has had daily average volatility of 6.48%.
Our recommended stop-loss: ฿1.08 (-3.94%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 40 days ago.)
Trading Expectations (TSE.BK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Thai Solar Energy Public Company Limited to open at ฿1.17, and during the day (based on 14 day Average True Range), to move between ฿1.07 and ฿1.17, which gives a possible trading interval of +/-฿0.0472 (+/-4.21%) up or down from last closing price. If Thai Solar Energy Public Company Limited takes out the full calculated possible swing range there will be an estimated 8.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿1.11 (0.89%) than the resistance at ฿1.14 (1.79%), 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 Solar Energy Public Company Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.903 Buy Candidate Upgraded
Predicted Opening Price for Thai Solar Energy Public Company Limited of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
฿1.17 ( 4.76%) | ฿1.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TSE.BK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.37 | 22.62% |
R2 | 1.30 | 15.80% |
R1 | 1.25 | 11.58% |
Price | 1.12 | |
S1 | 1.10 | -2.06% |
S2 | 1.05 | -6.27% |
S3 | 0.97 | -13.10% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1.18 | 5.36% |
R2 | 1.16 | 3.57% |
R1 | 1.14 | 1.79% |
Price | 1.12 | |
S1 | 1.11 | -0.89% |
S2 | 1.09 | -2.68% |
S3 | 1.04 | -7.14% |
TSE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 13, 2024 | Mar 13, 2024 | May 28, 2024 | ฿0.0500 | 4.39% |
2 | May 24, 2023 | May 24, 2023 | May 24, 2023 | ฿0.0900 | 3.98% |
3 | Mar 09, 2022 | Mar 09, 2022 | Mar 09, 2022 | ฿0.0350 | 1.50% |
4 | Sep 29, 2021 | Sep 29, 2021 | Sep 29, 2021 | ฿0.0400 | 1.48% |
5 | Dec 22, 2020 | Dec 22, 2020 | Dec 22, 2020 | ฿0.0500 | 2.00% |
FAQ
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