Bangkok Bank Public Company Limited Stock Forecast
Bangkok Bank Public Company Limited stock price down 0.368% on Friday
(Updated on May 03, 2024)
The Bangkok Bank Public Company Limited stock price fell by -0.368% on the last day (Friday, 3rd May 2024) from ฿136.00 to ฿135.50. During the last trading day the stock fluctuated 1.87% from a day low at ฿134.00 to a day high of ฿136.50. The price has fallen in 6 of the last 10 days and is down by -5.57% for this period. Volume has increased on the last day by 117 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, 9 million shares were bought and sold for approximately ฿1.18 billion.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ฿135.26 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.91% during the next 3 months and, with a 90% probability hold a price between ฿131.32 and ฿139.44 at the end of this 3-month period.
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BBL.BK Signals & Forecast
There are few to no technical positive signals at the moment. The Bangkok Bank 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 ฿136.29 and ฿139.16. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -4.58%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Bangkok Bank 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.
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 ฿2.50 (1.87%) between high and low. For the last week, the stock has had daily average volatility of 1.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BBL.BK) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Bangkok Bank Public Company Limited to open at ฿135.33, and during the day (based on 14 day Average True Range), to move between ฿133.17 and ฿137.83, which gives a possible trading interval of +/-฿2.33 (+/-1.72%) up or down from last closing price. If Bangkok Bank Public Company Limited takes out the full calculated possible swing range there will be an estimated 3.44% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ฿138.00, some ฿2.50 (1.85%) from the current price of ฿135.50, our system finds the risk reward not very attractive.
Is Bangkok Bank Public Company Limited stock A Buy?
Bangkok Bank Public Company Limited holds several negative signals and is within a 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: -4.520 Sell Candidate Unchanged
Predicted Opening Price for Bangkok Bank Public Company Limited of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
฿135.33 ( 0.123%) | ฿135.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BBL.BK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 137.83 | 1.72 % | |
R2 | 136.88 | 1.02 % | ||
R1 | 136.29 | 0.582 % | ||
Current price: | 135.50 | |||
Support | S1 | 134.38 | -0.83 % | |
S2 | 133.79 | -1.26 % | ||
S3 | 132.83 | -1.97 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 142.00 | 4.80 % | |
R2 | 138.50 | 2.21 % | ||
R1 | 138.00 | 1.85 % | ||
Current price | 135.50 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
BBL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 23, 2024 | Apr 23, 2024 | May 10, 2024 | ฿5.00 | 3.69% |
2 | Sep 06, 2023 | Sep 06, 2023 | Sep 06, 2023 | ฿2.00 | 1.19% |
3 | Apr 21, 2023 | Apr 21, 2023 | Apr 21, 2023 | ฿3.00 | 1.88% |
4 | Sep 07, 2022 | Sep 07, 2022 | Sep 07, 2022 | ฿1.50 | 1.12% |
5 | Apr 21, 2022 | Apr 21, 2022 | Apr 21, 2022 | ฿2.50 | 1.85% |
FAQ
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