Pruksa Holding PCL (BKK:PSH) HEFFX Outlook (18/4/17)

Pruksa Holding PCL (BKK:PSH) HEFFX Outlook (18/4/17)

Pruksa Holding PCL (BKK:PSH) HEFFX Outlook (18/4/17)

Overall, the bias in prices is: Downwards.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

By the way, prices are vulnerable to a correction towards 22.63.

The projected upper bound is: 22.85.

The projected lower bound is: 21.71.

The projected closing price is: 22.28.

PRUKSA HOLDING closed unchanged at 22.300. Volume was 81% below average (consolidating) and Bollinger Bands were (*ERROR*: Function did not return a value)% (*ERROR*: Function did not return a value)

Open High Low Close Volume___
22.200 22.400 22.200 22.300 815,400

Technical Outlook
Short Term: Oversold
Intermediate Term: Bullish
Long Term: (*ERROR*: Function did not return a value)(*ERROR*: Function did not return a value)

Moving Averages: 10-period 50-period 200-period
Close: 22.51 22.50(*ERROR*: Function did not return a value)
Volatility: 9 16(*ERROR*: Function did not return a value)
Volume: 2,073,740 3,154,212(*ERROR*: Function did not return a value)

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
PRUKSA HOLDING is currently (*ERROR*: Function did not return a value)% (*ERROR*: Function did not return a value) its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of PSH.BK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on PSH.BK and have had this outlook for the last (*ERROR*: Function did not return a value) periods.

 

Pruksa Holding Public Company Limited is a Thailand-based holding company. The Company invests in Pruksa Real Estate Public Company Limited, which is engaged in the development of commercial buildings and residential housing development of single-detached houses, townhouses and condominiums. Pruksa Real Estate Public Company Limited develops residential housing projects in Bangkok, Nakhon Pathom, Chonburi and Phuket, as well as overseas projects in India, Vietnam and Maldives.

Investing in Thailand? Contact us.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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