Vintcom Technology Public Co Ltd Stock Forecast
Vintcom Technology Public Co Ltd stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The Vintcom Technology Public Co Ltd stock price fell by -0.709% on the last day (Friday, 28th Jun 2024) from ฿2.82 to ฿2.80. During the last trading day the stock fluctuated 1.44% from a day low at ฿2.78 to a day high of ฿2.82. The price has fallen in 5 of the last 10 days and is down by -4.11% for this period. Volume has increased on the last day by 9 thousand 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, 55 thousand shares were bought and sold for approximately ฿154.84 thousand.
The stock lies the upper part of a narrow and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ฿2.80 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -12.89% during the next 3 months and, with a 90% probability hold a price between ฿2.33 and ฿2.44 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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VCOM.BK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 1.45%. 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 Vintcom Technology 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 ฿2.80 and ฿2.95. 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). Vintcom Technology 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".
Support, Risk & Stop-loss for Vintcom Technology Public Co Ltd stock
Vintcom Technology Public Co Ltd finds support from accumulated volume at ฿2.78 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 1.44%. For the last week, the stock has had daily average volatility of 1.15%.
Our recommended stop-loss: ฿2.65 (-5.52%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (VCOM.BK) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Vintcom Technology Public Company Limited to open at ฿2.80, and during the day (based on 14 day Average True Range), to move between ฿2.75 and ฿2.85, which gives a possible trading interval of +/-฿0.0528 (+/-1.89%) up or down from last closing price. If Vintcom Technology Public Company Limited takes out the full calculated possible swing range there will be an estimated 3.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿2.82 (0.71%) than the support at ฿2.78 (0.71%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Vintcom Technology Public Company Limited stock A Buy?
Vintcom Technology 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.495 Hold/Accumulate Upgraded
Predicted Opening Price for Vintcom Technology Public Company Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ฿2.80 ( 0.00000000%) | ฿2.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VCOM.BK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.84 | 1.43% |
| R2 | 2.82 | 0.88% |
| R1 | 2.82 | 0.546% |
| Price | 2.80 | |
| S1 | 2.78 | -0.546% |
| S2 | 2.78 | -0.88% |
| S3 | 2.76 | -1.43% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.10 | 10.71% |
| R2 | 2.98 | 6.43% |
| R1 | 2.82 | 0.714% |
| Price | 2.80 | |
| S1 | 2.78 | -0.714% |
| S2 | 2.76 | -1.43% |
| S3 | 0 | - |
VCOM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 12, 2024 | Mar 12, 2024 | May 13, 2024 | ฿0.180 | 5.52% |
| 2 | Aug 24, 2023 | Aug 24, 2023 | Sep 07, 2023 | ฿0.120 | 2.64% |
| 3 | Mar 10, 2023 | Mar 10, 2023 | May 12, 2023 | ฿0.180 | 4.00% |
| 4 | Aug 22, 2022 | Aug 22, 2022 | Sep 05, 2022 | ฿0.120 | 2.18% |
| 5 | Mar 11, 2022 | Mar 11, 2022 | May 20, 2022 | ฿0.170 | 2.93% |
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