Banpu Public Company Limited Stock Forecast
Green day on Thursday for Banpu Public Company Limited stock after gaining 0.94%
(Updated on May 16, 2024)
The Banpu Public Company Limited stock price gained 0.94% on the last trading day (Thursday, 16th May 2024), rising from ฿5.30 to ฿5.35. During the last trading day the stock fluctuated 2.86% from a day low at ฿5.25 to a day high of ฿5.40. The price has fallen in 5 of the last 10 days and is down by -3.6% for this period. Volume fell on the last day by -43 million shares and in total, 36 million shares were bought and sold for approximately ฿190.44 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.59% during the next 3 months and, with a 90% probability hold a price between ฿4.74 and ฿5.36 at the end of this 3-month period.
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BANPU.BK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.94%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Banpu Public Company Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ฿5.40 and ฿5.50. A break-up above any of these levels will issue buy signals.
A buy signal from a double bottom formation was found on Friday, April 19, 2024 and based on theory for this formation the price should go up by 9.03% to ฿5.83 within 30 trading days since signal was issued (Friday, May 17, 2024).
Support, Risk & Stop-loss for Banpu Public Company Limited stock
Banpu Public Company Limited finds support from accumulated volume at ฿5.30 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 (2.86%) between high and low. For the last week, the stock has had daily average volatility of 2.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BANPU.BK) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Banpu Public Company Limited to open at ฿5.33, and during the day (based on 14 day Average True Range), to move between ฿5.20 and ฿5.50, which gives a possible trading interval of +/-฿0.155 (+/-2.89%) 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 5.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿5.30 (0.93%) than the resistance at ฿5.45 (1.87%), 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 negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.664 Sell Candidate Unchanged
Predicted Opening Price for Banpu Public Company Limited of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| ฿5.33 ( 0.312%) | ฿5.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BANPU.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.48 | 2.49 % | |
| R2 | 5.43 | 1.42 % | ||
| R1 | 5.39 | 0.760 % | ||
| Current price: | 5.35 | |||
| Support | S1 | 5.28 | -1.38 % | |
| S2 | 5.24 | -2.04 % | ||
| S3 | 5.18 | -3.12 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.60 | 4.67 % | |
| R2 | 5.55 | 3.74 % | ||
| R1 | 5.45 | 1.87 % | ||
| Current price | 5.35 | |||
| Support | S1 | 5.30 | -0.93% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
BANPU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 05, 2024 | Apr 05, 2024 | Apr 30, 2024 | ฿0.200 | 3.60% |
| 2 | Sep 12, 2023 | Sep 12, 2023 | Sep 12, 2023 | ฿0.250 | 3.09% |
| 3 | Apr 10, 2023 | Apr 10, 2023 | Apr 10, 2023 | ฿0.750 | 7.35% |
| 4 | Sep 14, 2022 | Sep 14, 2022 | Sep 14, 2022 | ฿0.450 | 3.21% |
| 5 | Apr 08, 2022 | Apr 08, 2022 | Apr 08, 2022 | ฿0.250 | 2.25% |
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