The SET Thailand is actively quoting at 1,637.27 (+0.97%), buoyed by positive investor sentiment and a strong performance in key sectors, signaling renewed confidence in the market. This uptick marks a new 52-week high, reflecting a robust recovery from the lows of 1,275.60 seen earlier in the year.

Technically, the index is positioned well above both the 20-day simple moving average (SMA-20) at 1,586.17 and the 50-day simple moving average (SMA-50) at 1,558.97, indicating a strong bullish trend. However, with the RSI(14) at 72.3, the market is entering overbought territory, suggesting potential for a pullback.

Looking ahead, the immediate support level is at 1,621.55, the previous close, while resistance is seen at the current price of 1,637.27. A sustained move above this level could further validate bullish momentum, whereas a drop below the support could signal a correction.