Thai Sugar Terminal Public Co Ltd Stock Forecast
Thai Sugar Terminal Public Co Ltd stock price took a fall of -5.05% on Friday
(Updated on May 17, 2024)
The Thai Sugar Terminal Public Co Ltd stock price fell by -5.05% on the last day (Friday, 17th May 2024) from ฿9.90 to ฿9.40. During the last trading day the stock fluctuated 0% from a day low at ฿9.40 to a day high of ฿9.40. The price has been going up and down for this period, and there has been a -5.05% loss for the last 2 weeks. Volume has increased on the last day by 500 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 500 shares were bought and sold for approximately ฿4.70 thousand.
The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at ฿9.48. A reaction back to this level may hold a second chance to get out before further falls.
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TSTE.BK Signals & Forecast
There are few to no technical positive signals at the moment. The Thai Sugar Terminal Public Co Ltd 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 ฿9.83 and ฿9.88. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -5.53%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Thai Sugar Terminal Public Co Ltd gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Thai Sugar Terminal Public Co Ltd stock
Thai Sugar Terminal Public Co Ltd finds support from accumulated volume at ฿9.35 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%.
Our recommended stop-loss: ฿8.93 (-4.99%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 38 days ago.)
Trading Expectations (TSTE.BK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Thai Sugar Terminal Public Company Limited to open at ฿9.40, and during the day (based on 14 day Average True Range), to move between ฿9.33 and ฿9.47, which gives a possible trading interval of +/-฿0.0687 (+/-0.73%) up or down from last closing price. If Thai Sugar Terminal Public Company Limited takes out the full calculated possible swing range there will be an estimated 1.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿9.35 (0.53%) than the resistance at ฿9.85 (4.79%), 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 Sugar Terminal Public Company Limited stock A Buy?
Thai Sugar Terminal Public Co Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Thai Sugar Terminal Public Company Limited of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
฿9.40 ( 0%) | ฿9.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TSTE.BK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.40 | . | |
R2 | 9.40 | . | ||
R1 | 9.40 | . | ||
Current price: | 9.40 | |||
Support | S1 | 9.40 | . | |
S2 | 9.40 | . | ||
S3 | 9.40 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.95 | 5.85 % | |
R2 | 9.90 | 5.32 % | ||
R1 | 9.85 | 4.79 % | ||
Current price | 9.40 | |||
Support | S1 | 9.35 | -0.532% | |
S2 | 9.25 | -1.60% | ||
S3 | 9.20 | -2.13% |
TSTE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 20, 2024 | Mar 20, 2024 | May 24, 2024 | ฿0.0600 | 0.638% |
2 | Dec 13, 2023 | Dec 13, 2023 | Dec 13, 2023 | ฿0 | 0% |
3 | Mar 23, 2023 | Mar 23, 2023 | Mar 23, 2023 | ฿0.140 | 1.83% |
4 | Nov 10, 2022 | Nov 10, 2022 | Nov 10, 2022 | ฿0.0600 | 0.85% |
5 | Mar 22, 2022 | Mar 22, 2022 | Mar 22, 2022 | ฿0.140 | 1.99% |
FAQ
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