# Thailand Stock Exchange SET Outlook

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Last modified: 2023-07-12

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By Shayne Heffernan · 2023-07-12
Tags: Shayne Heffernan on Investments, Stocks, Headline News, Opinion, Shayne Heffernan, Thailand, SET Index, Todays Trade Ideas, Featured, Must Read, KXCO Guide, Thailand Stock Exchange
Signed: no (published before platform launch).
Nothing in this article is investment advice.

While the Economic outlook is good the next few weeks will be all about Politics.

Thailand is currently in a state of political uncertainty. The country held a general election on 24 March 2022, but no party won a majority of seats in the House of Representatives. 

Momentum

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 50.8022. This is not an overbought or oversold reading. The last signal was a sell 4 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 40.34. 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 buy 9 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 6. This is not a topping or bottoming area. The last signal was a buy 8 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 1 period(s) ago.

Thailand Stock Exchange SET Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish

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.

SET Index (Trade Price) is currently 6.7% 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 moderate flows of volume out of .SETI (mildly bearish). Our trend forecasting oscillators are currently bearish on .SETI and have had this outlook for the last 13 periods.

Shayne Heffernan

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