Thai Beverage Public Company Limited Stock Forecast
Thai Beverage Public Company Limited stock price ended at S$0.455 on Thursday, after losing 2.15%.
(Updated on Jun 27, 2024)
The Thai Beverage Public Company Limited stock price fell by -2.15% on the last day (Thursday, 27th Jun 2024) from S$0.465 to S$0.455. During the last trading day the stock fluctuated 2.20% from a day low at S$0.455 to a day high of S$0.465. The price has fallen in 5 of the last 10 days and is down by -7.14% for this period. Volume has increased on the last day by 14 million 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, 25 million shares were bought and sold for approximately S$11.49 million.
Given the current horizontal trend, you can expect Thai Beverage Public Company Limited stock with a 90% probability to be traded between S$0.454 and S$0.513 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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Y92.SI Signals & Forecast
There are few to no technical positive signals at the moment. The Thai Beverage Public Company Limited 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 S$0.466 and S$0.491. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 23, 2024, and so far it has fallen -11.65%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Thai Beverage Public Company Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 S$0.0100 between high and low, or 2.20%. For the last week, the stock has had daily average volatility of 1.74%.
Thai Beverage Public Company Limited is oversold on RSI14 (8). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (Y92.SI) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Thai Beverage Public Company Limited to open at S$0.458, and during the day (based on 14 day Average True Range), to move between S$0.444 and S$0.466, which gives a possible trading interval of +/-S$0.0109 (+/-2.40%) up or down from last closing price. If Thai Beverage Public Company Limited takes out the full calculated possible swing range there will be an estimated 4.81% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ S$0.480, some S$0.0250 (5.49%) from the current price of S$0.455, our system finds the risk reward not very attractive.
Is Thai Beverage Public Company Limited stock A Buy?
Thai Beverage Public Company Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.252 Sell Candidate Unchanged
Predicted Opening Price for Thai Beverage Public Company Limited of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| S$0.458 ( 0.733%) | S$0.455 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for Y92.SI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.468 | 2.93% |
| R2 | 0.465 | 2.09% |
| R1 | 0.462 | 1.57% |
| Price | 0.455 | |
| S1 | 0.455 | -0.107% |
| S2 | 0.452 | -0.626% |
| S3 | 0.448 | -1.47% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.490 | 7.69% |
| R2 | 0.485 | 6.59% |
| R1 | 0.480 | 5.49% |
| Price | 0.455 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
Y92 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 27, 2024 | May 27, 2024 | Jun 12, 2024 | S$0.0055 | 1.13% |
| 2 | Feb 06, 2024 | Feb 06, 2024 | Feb 06, 2024 | S$0.0006 | 0.125% |
| 3 | May 25, 2023 | May 25, 2023 | Jun 09, 2023 | S$0.0058 | 1.01% |
| 4 | Feb 03, 2023 | Feb 03, 2023 | Feb 24, 2023 | S$0.0178 | 2.74% |
| 5 | May 26, 2022 | May 26, 2022 | Jun 10, 2022 | S$0.0060 | 0.89% |
FAQ
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