Thai Sugar Terminal Public Co Ltd Stock Forecast

Thai Sugar Terminal Public Co Ltd stock upgraded from Buy Candidate to Strong Buy Candidate after Friday trading session.
(Updated on May 31, 2024)

TSTE.BK Signals & Forecast

Mostly positive signals in the chart today. The Thai Sugar Terminal Public Co Ltd 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 ฿10.68 and ฿10.03. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 28, 2024, and so far it has risen 14.87%. 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). Thai Sugar Terminal Public Co Ltd has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Monday, February 19, 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 Sugar Terminal Public Co Ltd stock

On the downside, the stock finds support just below today's level from accumulated volume at ฿9.95 and ฿9.90. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Thai Sugar Terminal Public Co Ltd finds support just below today's level at ฿9.95. If this is broken, then the next support from accumulated volume will be at ฿9.90 and ฿9.25.

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 ฿1.00 between high and low, or 9.62%. For the last week, the stock has had daily average volatility of 12.04%.

Our recommended stop-loss: ฿10.78 (-3.74%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (TSTE.BK) For The Upcoming Trading Day Of Tuesday 4th

For the upcoming trading day on Tuesday, 4th we expect Thai Sugar Terminal Public Company Limited to open at ฿11.00, and during the day (based on 14 day Average True Range), to move between ฿10.70 and ฿11.70, which gives a possible trading interval of +/-฿0.501 (+/-4.47%) 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 8.95% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ฿9.95, some ฿1.25 (11.16%) from the current price of ฿11.20, our system finds the risk reward attractive.

Is Thai Sugar Terminal Public Company Limited stock A Buy?

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Thai Sugar Terminal Public Co Ltd stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.823 Strong Buy Candidate Upgraded

Predicted Opening Price for Thai Sugar Terminal Public Company Limited of Tuesday, June 4, 2024

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