Wha Utilities And Power Public Co Ltd Stock Forecast
Green day on Friday for Wha Utilities And Power Public Co Ltd stock after gaining 0.97%
(Updated on Jun 28, 2024)
The Wha Utilities And Power Public Co Ltd stock price gained 0.97% on the last trading day (Friday, 28th Jun 2024), rising from ฿4.12 to ฿4.16. During the last trading day the stock fluctuated 1.94% from a day low at ฿4.12 to a day high of ฿4.20. The price has risen in 6 of the last 10 days and is up by 2.97% 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, 308 thousand more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately ฿19.50 million.
The stock lies in the upper part of a weak rising 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 ฿4.23 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.81% during the next 3 months and, with a 90% probability hold a price between ฿4.05 and ฿4.43 at the end of this 3-month period.
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WHAUP-R.BK Signals & Forecast
The Wha Utilities And Power 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 ฿4.13 and ฿4.07. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Tuesday, June 25, 2024, and so far it has fallen -1.42%. 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).
Support, Risk & Stop-loss for Wha Utilities And Power Public Co Ltd stock
Wha Utilities And Power Public Co Ltd finds support from accumulated volume at ฿4.14 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 ฿0.0800 (1.94%) between high and low. For the last week, the stock has had daily average volatility of 2.43%.
Our recommended stop-loss: ฿3.99 (-4.01%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (WHAUP-R.BK) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Wha Utilities And Power Public Company Limited to open at ฿4.16, and during the day (based on 14 day Average True Range), to move between ฿4.05 and ฿4.27, which gives a possible trading interval of +/-฿0.106 (+/-2.54%) up or down from last closing price. If Wha Utilities And Power Public Company Limited takes out the full calculated possible swing range there will be an estimated 5.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿4.18 (0.48%) than the support at ฿4.14 (0.48%), 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 Wha Utilities And Power 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 Wha Utilities And Power Public Co Ltd stock to perform well in the short-term.
Current score: 1.906 Buy Candidate Unchanged
Predicted Opening Price for Wha Utilities And Power Public Company Limited of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
฿4.16 ( 0%) | ฿4.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WHAUP-R.BK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 4.24 | 1.92% |
R2 | 4.21 | 1.19% |
R1 | 4.19 | 0.735% |
Price | 4.16 | |
S1 | 4.13 | -0.735% |
S2 | 4.11 | -1.19% |
S3 | 4.08 | -1.92% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 4.22 | 1.44% |
R1 | 4.18 | 0.481% |
Price | 4.16 | |
S1 | 4.14 | -0.481% |
S2 | 4.04 | -2.88% |
S3 | 3.80 | -8.65% |
WHAUP-R Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 25, 2024 | Apr 25, 2024 | May 15, 2024 | ฿0.193 | 4.86% |
2 | Nov 22, 2023 | Nov 22, 2023 | Dec 04, 2023 | ฿0.0600 | 1.49% |
3 | Apr 27, 2023 | Apr 27, 2023 | May 17, 2023 | ฿0.100 | 2.63% |
4 | Nov 24, 2022 | Nov 24, 2022 | Dec 07, 2022 | ฿0.0600 | 1.52% |
5 | Apr 29, 2022 | Apr 29, 2022 | May 19, 2022 | ฿0.160 | 4.12% |
FAQ
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