Bangkok Bank Public Company Limited Stock Forecast
Bangkok Bank Public Company Limited stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 17, 2024)
No changes to the price of Bangkok Bank Public Company Limited stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 1.08% from a day low at ฿138.50 to a day high of ฿140.00. The price has risen in 4 of the last 10 days and is up by 2.21% over the past 2 weeks.
The stock lies in the middle of a 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 -3.04% during the next 3 months and, with a 90% probability hold a price between ฿130.71 and ฿138.54 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BBL.BK Signals & Forecast
The Bangkok Bank Public Company Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ฿138.93 and ฿138.97. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 2.58%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Bangkok Bank Public Company Limited stock
Bangkok Bank Public Company Limited finds support from accumulated volume at ฿138.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ฿1.50 between high and low, or 1.08%. For the last week the stock has had daily average volatility of 1.08%.
Our recommended stop-loss: ฿131.87 (-5.13%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (BBL.BK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Bangkok Bank Public Company Limited to open at ฿139.17, and during the day (based on 14 day Average True Range), to move between ฿137.08 and ฿140.92, which gives a possible trading interval of +/-฿1.92 (+/-1.38%) 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 2.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿138.50 (0.36%) than the resistance at ฿142.00 (2.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bangkok Bank Public Company Limited stock A Buy?
Bangkok Bank 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: 0.885 Hold/Accumulate Upgraded
Predicted Opening Price for Bangkok Bank Public Company Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ฿139.17 ( 0.120%) | ฿139.00 |
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 | 140.67 | 1.20 % | |
| R2 | 140.09 | 0.787 % | ||
| R1 | 139.74 | 0.532 % | ||
| Current price: | 139.00 | |||
| Support | S1 | 138.59 | -0.292 % | |
| S2 | 138.24 | -0.547 % | ||
| S3 | 137.67 | -0.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 143.50 | 3.24 % | |
| R2 | 142.50 | 2.52 % | ||
| R1 | 142.00 | 2.16 % | ||
| Current price | 139.00 | |||
| Support | S1 | 138.50 | -0.360% | |
| S2 | 138.00 | -0.719% | ||
| S3 | 136.50 | -1.80% |
BBL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 23, 2024 | Apr 23, 2024 | May 10, 2024 | ฿5.00 | 3.60% |
| 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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