Bank of Ayudhya Public Company Limited Stock Forecast
Bank of Ayudhya Public Company Limited stock price ended at ฿26.25 on Friday, after losing 1.87%.
(Updated on Apr 19, 2024)
The Bank of Ayudhya Public Company Limited stock price fell by -1.87% on the last day (Friday, 19th Apr 2024) from ฿26.75 to ฿26.25. During the last trading day the stock fluctuated 1.90% from a day low at ฿26.25 to a day high of ฿26.75. The price has been going up and down for this period, and there has been a -1.87% loss for the last 2 weeks. Volume has increased on the last day by 464 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 796 thousand shares were bought and sold for approximately ฿20.90 million.
The stock has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately ฿26.43 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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BAY-R.BK Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Bank of Ayudhya Public Company Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ฿26.86 and ฿26.68. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -3.67%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Bank of Ayudhya Public Company Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ฿0.500 between high and low, or 1.90%. For the last week the stock has had daily average volatility of 1.51%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BAY-R.BK) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Bank of Ayudhya Public Company Limited to open at ฿26.42, and during the day (based on 14 day Average True Range), to move between ฿25.81 and ฿26.69, which gives a possible trading interval of +/-฿0.440 (+/-1.68%) up or down from last closing price. If Bank of Ayudhya Public Company Limited takes out the full calculated possible swing range there will be an estimated 3.35% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ฿26.50, some ฿0.250 (0.95%) from the current price of ฿26.25, our system finds the risk reward not very attractive.
Is Bank of Ayudhya Public Company Limited stock A Buy?
Bank of Ayudhya Public Company Limited holds several negative signals and is within a narrow 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: -4.132 Sell Candidate Unchanged
Predicted Opening Price for Bank of Ayudhya Public Company Limited of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| ฿26.42 ( 0.635%) | ฿26.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BAY-R.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.92 | 2.54 % | |
| R2 | 26.73 | 1.81 % | ||
| R1 | 26.61 | 1.36 % | ||
| Current price: | 26.25 | |||
| Support | S1 | 26.23 | -0.0927 % | |
| S2 | 26.11 | -0.542 % | ||
| S3 | 25.92 | -1.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.00 | 2.86 % | |
| R2 | 26.75 | 1.90 % | ||
| R1 | 26.50 | 0.95 % | ||
| Current price | 26.25 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
BAY-R Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2024 | May 07, 2024 | May 23, 2024 | ฿0.450 | 1.71% |
| 2 | Sep 06, 2023 | Sep 06, 2023 | Sep 06, 2023 | ฿0.400 | 1.28% |
| 3 | May 09, 2023 | May 09, 2023 | May 09, 2023 | ฿0.450 | 1.53% |
| 4 | Sep 06, 2022 | Sep 06, 2022 | Sep 06, 2022 | ฿0.400 | 1.23% |
| 5 | May 10, 2022 | May 10, 2022 | May 10, 2022 | ฿0.450 | 2.56% |
FAQ
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