$CHG #Thailand #SET #Index #Stocks #Chularat #Hospital #Medical
Business Summary
Chularat Hospital Public Company Limited is a Thailand-based company operating clinics and hospitals.
The Company provides medical treatments, including inpatient and outpatient services.
It is also involved in healthcare-related businesses, such as production and distribution of drugs, medical equipment, medical research, laboratory and others.
In addition, the Company operates a spa business under the name of Chularat Thai Traditional Medicine and a nursing assistant training business under the name Chularat Inter Health.
The Company’s subsidiaries include Convenience Hospital Company Limited and Bangpakong Vejchakit Company Limited, which both operate clinics in the eastern part of Bangkok and nearby provinces, as well as Thai Amdon Company Limited, which operates import and distribution businesses of medical equipment.
Shayne Heffernan Trade Idea
“Our current price target of Chularat Hospital will come in around THB2.86 giving the stock a price increase of +17.21%.”
Price Performance
Relative Valuation
Technical Indicators
Overall, the bias in prices is: Sideways.
The projected upper bound is: 2.54.
The projected lower bound is: 2.34.
The projected closing price is: 2.44.
Candlesticks
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 2 white candles and 4 black candles for a net of 2 black candles. During the past 50 bars, there have been 16 white candles and 22 black candles for a net of 6 black candles.
Momentum Indicators
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 40.0000. This is not an overbought or oversold reading. The last signal was a buy 1 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 47.94. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 233 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 43. This is not a topping or bottoming area. The last signal was a buy 3 period(s) ago.
MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 0 period(s) ago.
Rex Takasugi – TD Profile
CHULARAT HOSPITA closed up 0.020 at 2.440. Volume was 74% below average (consolidating) and Bollinger Bands were 50% narrower than normal.
Open High Low Close Volume 2.420 2.460 2.420 2.440 8,475,100
Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bearish
Moving Averages: 10-period 50-period 200-period Close: 2.42 2.48 2.49 Volatility: 22 26 43 Volume: 19,293,642 28,715,836 35,894,788
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
Summary
CHULARAT HOSPITA is currently 2.1% below its 200-period moving average and is in an downward trend. Volatility is low as compared to the average volatility over the last 10 periods.
Our volume indicators reflect volume flowing into and out of CHG.BK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on CHG.BK and have had this outlook for the last 17 periods.
Chularat Hospital Public Company Limited (CHG.BK) Undervalued, Benefit From a Weak Thai Baht added by HEFFX on
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