The SET Thailand is actively quoting at 1,581.84 (+1.29%), buoyed by positive investor sentiment and a favorable macroeconomic backdrop that has driven the index above its previous close of 1,561.68. This upward movement signals a robust recovery as the index approaches its 52-week high of 1,594.79, reflecting growing confidence in the market.

From a technical perspective, the index is currently above both the 20-day simple moving average (SMA-20) at 1,545.12 and the 50-day simple moving average (SMA-50) at 1,500.39, indicating a strong bullish trend. However, with an RSI(14) of 73.3, the market is entering overbought territory, suggesting potential caution for short-term traders. The index is also nearing its 52-week high, which could act as a psychological resistance level.

Looking ahead, the immediate support level is at the SMA-20 of 1,545.12, while resistance is likely to be encountered around the 52-week high of 1,594.79. A decisive move above this level could signal further bullish momentum, while a drop below the SMA-20 may indicate a correction.