Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

Thematic (Sector/Industry)

<ul><li>The index’s movements over the past several days have not clearly indicated a definite direction, due to low trading volume and investors postponing their investments.</li><li>Technically, the index has shown positive signals, with a hammer pattern followed by a white candlestick, while the RSI and MACD remain in positive territory.</li><li>However, we recommend buying on dips and selling on rallies until the index shows clear positive signals—particularly a decisive break above resistance and, importantly, a pickup in trading volume.</li></ul>

The index’s movements over the past several days have not clearly indicated a definite direction, due to low trading volume and investors postponing their investments.Technically, the index has shown positive signals, with a hammer pattern followed by a white candlestick, while the RSI and MACD remain in positive territory.However, we recommend buying on dips and selling on rallies until the index shows clear positive signals—particularly a decisive break above resistance and, importantly, a pickup in trading volume.

Krungthai XSpring Technical Eng. January 5, 2026

<ul><li>As the index moved closer to year-end with no new catalysts, above the 1,250-point level.</li><li>With persistently quiet trading and the final trading day of the year approaching, the index is likely to move within a narrow range as investors remain on the sidelines.</li><li>Therefore, we recommend buying on dips and selling on rallies, as the index has rebounded from the 1,250-point support level and is expected to continue moving sideways.</li></ul>

As the index moved closer to year-end with no new catalysts, above the 1,250-point level.With persistently quiet trading and the final trading day of the year approaching, the index is likely to move within a narrow range as investors remain on the sidelines.Therefore, we recommend buying on dips and selling on rallies, as the index has rebounded from the 1,250-point support level and is expected to continue moving sideways.

Krungthai XSpring Technical Eng. December 30, 2025

<ul><li>Consequently, the index continued to move within a narrow range 1,250 – 1,243 / 1,230.</li><li>DELTA, THAI, AOT, and GULF declined, weighing on the index.</li><li>The index is expected to move sideways, with a potential technical rebound around the 1,250-point support.</li></ul>

Consequently, the index continued to move within a narrow range 1,250 – 1,243 / 1,230.DELTA, THAI, AOT, and GULF declined, weighing on the index.The index is expected to move sideways, with a potential technical rebound around the 1,250-point support.

Krungthai XSpring Technical Eng. December 29, 2025

<ul><li>Although the market lacked supporting catalysts and investors awaited the upcoming Fed meeting — along with a market holiday — the SET still managed to rebound and stay in positive territory throughout the day.</li><li>The index rebounded from the 1,260-point support level, reinforcing the strength of the 1,260–1,250 support zone and signaling potential for a continued move toward the 1,300-point level.</li><li>We expect the index to continue rising, though the upside may remain limited until trading volume becomes more substantial.</li></ul>

Although the market lacked supporting catalysts and investors awaited the upcoming Fed meeting — along with a market holiday — the SET still managed to rebound and stay in positive territory throughout the day.The index rebounded from the 1,260-point support level, reinforcing the strength of the 1,260–1,250 support zone and signaling potential for a continued move toward the 1,300-point level.We expect the index to continue rising, though the upside may remain limited until trading volume becomes more substantial.

Krungthai XSpring Technical Eng. December 11, 2025

<ul><li>The SET initially attempted to rebound but later reversed as DELTA, banking, and energy stocks declined, while AOT held steady.</li><li>The index pulled back toward the support at 1,260 and 1,250 points.</li><li>We expect the 1,260–1,250 support zone to continue providing a base for rebounds.</li></ul>

The SET initially attempted to rebound but later reversed as DELTA, banking, and energy stocks declined, while AOT held steady.The index pulled back toward the support at 1,260 and 1,250 points.We expect the 1,260–1,250 support zone to continue providing a base for rebounds.

Krungthai XSpring Technical Eng. December 9, 2025

Thailand

Thai Airways International Public Company Limited is the flag carrier airline of Thailand, providing passenger, cargo, and mail transportation on scheduled and chartered flights to domestic and international destinations. The company also offers related services such as ground handling, catering, and aircraft maintenance. It is headquartered in Bangkok, Thailand, and was founded in 1960.

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Thai Airways International (THAI TB)

Krungthai XSpring Technical Eng. January 5, 2026

The index’s movements over the past several days have not clearly indicated a definite direction, due to low trading volume and investors...

Krungthai XSpring

Krungthai XSpring Technical Eng. December 30, 2025

With persistently quiet trading and the final trading day of the year approaching, the index is likely to move within a narrow range as investors...

Krungthai XSpring

Krungthai XSpring Technical Eng. December 29, 2025

Consequently, the index continued to move within a narrow range 1,250 – 1,243 / 1,230. DELTA, THAI, AOT, and GULF declined, weighing on the index.

Krungthai XSpring

Krungthai XSpring Technical Eng. December 11, 2025

The index rebounded from the 1,260-point support level, reinforcing the strength of the 1,260–1,250 support zone and signaling potential for a...

Krungthai XSpring

Krungthai XSpring Technical Eng. December 9, 2025

The SET initially attempted to rebound but later reversed as DELTA, banking, and energy stocks declined, while AOT held steady.

Krungthai XSpring

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