Banpu Public Company Limited Stock Forecast

Banpu Public Company Limited stock upgraded to Hold/Accumulate.
(Updated on Apr 29, 2024)

BANPU-R.BK Signals & Forecast

There are mixed signals in the stock today. The Banpu Public Company Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ฿5.56. On a fall, the stock will find some support from the short-term average at ฿5.40. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Tuesday, March 05, 2024, and so far it has risen 2.83%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Banpu Public Company Limited stock

Banpu Public Company Limited finds support from accumulated volume at ฿5.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ฿0.150 (2.83%) between high and low. For the last week, the stock has had daily average volatility of 3.02%.

Our recommended stop-loss: ฿5.20 (-4.65%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)

Trading Expectations (BANPU-R.BK) For The Upcoming Trading Day Of Tuesday 30th

For the upcoming trading day on Tuesday, 30th we expect Banpu Public Company Limited to open at ฿5.40, and during the day (based on 14 day Average True Range), to move between ฿5.28 and ฿5.62, which gives a possible trading interval of +/-฿0.173 (+/-3.18%) up or down from last closing price. If Banpu Public Company Limited takes out the full calculated possible swing range there will be an estimated 6.37% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ฿5.40 (0.92%) than the resistance at ฿5.55 (1.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Banpu Public Company Limited stock A Buy?

Banpu Public Company Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.042 Hold/Accumulate Upgraded

Predicted Opening Price for Banpu Public Company Limited of Tuesday, April 30, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.