SET Index (INDEXBKK:SET) Thailand HEFFX Trading Outlook (Looking Neutral)

SET Index (INDEXBKK:SET) Thailand HEFFX Trading Outlook (Looking Neutral)

SET Index (INDEXBKK:SET) Thailand HEFFX Trading Outlook (Looking Neutral)

Thailand’s economy has expanded around 3.3 percent in the second quarter, outperforming forecasts which had puts growth at 1.7 percent.

Bad loans are an issue in Thailand, they have prompted warnings from brokerages including Nomura Securities Co and Goldman Sachs Group.

The benchmark SET Index dropped 1.2% last week, halting a five-week gain, as a group of banking stocks slid 3.4% following quarterly results, the fall has pretty much priced in the bad loans and Thailand will stabilize in the coming week.

Infrastructure projects will help Thailand grow in coming years.

Thailand’s cabinet has approved 36 public infrastructure projects valued at around US$25 billion, all of which are open to bid by foreign investors as the government hopes to engage in public-private partnerships…

Economics (Q4/2016)
QGDP 3.0 %
Per Capita GDP
(all year round)
Inflation rate 0.7%
Export value
(Million USD)
Social (Q4/2016)
Number of employed persons
(in thousands)
Unemployment rate
Crime rate
(per 100,000 population)

Overall, the bias in prices is: Sideways.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 1,583.35.

The projected lower bound is: 1,549.06.

The projected closing price is: 1,566.20.

SET Index closed down -0.450 at 1,566.320. Volume was 23% below average (neutral) and Bollinger Bands were 38% narrower than normal.

Open             High              Low                Close              Volume
1,568.560     1,569.120     1,562.820      1,566.320      7,154,553,856

Technical Outlook
Short Term:               Neutral
Intermediate Term: Bearish
Long Term:                Bullish

Moving Averages: 10-period                50-period              200-period
Close:                       1,568.13                  1,567.21                 1,528.65
Volatility:                6                               7                              14
Volume:                   8,286,811,648      9,090,267,136      10,803,845,120

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.

Thailand Summary
SET Index is currently 2.5% above its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of .SETI at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on .SETI and have had this outlook for the last 1 periods.

Thailand, Bangkok, Asia, HEFFX, SET, Index, BKK, Shayne Heffernan, Outlook

HEFFX Momentum Thailand
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 67.9385. This is not an overbought or oversold reading. The last signal was a buy 3 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 46.17. 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 59 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 -66. This is not a topping or bottoming area. The last signal was a buy 2 period(s) ago.

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 8 period(s) ago.

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John Heffernan

John Heffernan is an Analyst at HEFFX. John is a BSc in Economics with Honors from the University of Buckingham, and is a contributor on equities at Live Trading News.

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