Bangkok Dusit Medical Services Public Co Fund Forecast
Green day on Tuesday for Bangkok Dusit Medical Services Public Co fund after gaining 0.87%
(Updated on Apr 30, 2024)
The Bangkok Dusit Medical Services Public Co fund price gained 0.87% on the last trading day (Tuesday, 30th Apr 2024), rising from ฿28.75 to ฿29.00. During the last trading day the fund fluctuated 2.63% from a day low at ฿28.50 to a day high of ฿29.25. The price has risen in 6 of the last 10 days and is up by 4.5% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 million more shares were traded than the day before. In total, 55 million shares were bought and sold for approximately ฿1.60 billion.
The fund is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Bangkok Dusit Medical Services Public Co fund with a 90% probability to be traded between ฿27.98 and ฿30.36 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and funds seldom manage to go directly from the bottom of a trend up to the top. Funds turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BDMS-R.BK Signals & Forecast
The Bangkok Dusit Medical Services Public Co fund holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ฿28.57 and ฿28.52. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 11, 2024, and so far it has risen 4.50%. 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 is rising along with the price. This is considered to be a good technical signal.
A buy signal from a double bottom formation was found on Thursday, April 11, 2024 with a target of ฿28.19. Despite whether the objective of the signal formation has been reached the fund may continue to perform well.
Support, Risk & Stop-loss for Bangkok Dusit Medical Services Public Co fund
Bangkok Dusit Medical Services Public Co finds support from accumulated volume at ฿28.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the fund moved ฿0.750 between high and low, or 2.63%. For the last week the fund has had daily average volatility of 1.76%.
Our recommended stop-loss: ฿27.55 (-4.99%) (This fund has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (BDMS-R.BK) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Bangkok Dusit Medical Services Public Company Limited to open at ฿28.92, and during the day (based on 14 day Average True Range), to move between ฿28.51 and ฿29.49, which gives a possible trading interval of +/-฿0.494 (+/-1.70%) up or down from last closing price. If Bangkok Dusit Medical Services Public Company Limited takes out the full calculated possible swing range there will be an estimated 3.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿29.25 (0.86%) than the support at ฿28.50 (1.72%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Bangkok Dusit Medical Services Public Company Limited fund A Buy?
Bangkok Dusit Medical Services Public Co 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.
Current score: -0.241 Hold/Accumulate Unchanged
Predicted Opening Price for Bangkok Dusit Medical Services Public Company Limited of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| ฿28.92 ( 0.287%) | ฿29.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BDMS-R.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.67 | 2.30 % | |
| R2 | 29.38 | 1.31 % | ||
| R1 | 29.20 | 0.701 % | ||
| Current price: | 29.00 | |||
| Support | S1 | 28.63 | -1.28 % | |
| S2 | 28.45 | -1.89 % | ||
| S3 | 28.17 | -2.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.00 | 3.45 % | |
| R2 | 29.50 | 1.72 % | ||
| R1 | 29.25 | 0.86 % | ||
| Current price | 29.00 | |||
| Support | S1 | 28.50 | -1.72% | |
| S2 | 28.00 | -3.45% | ||
| S3 | 27.75 | -4.31% |
BDMS-R Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 06, 2024 | Mar 06, 2024 | Apr 22, 2024 | ฿0.350 | 1.24% |
| 2 | Sep 12, 2023 | Sep 12, 2023 | Sep 12, 2023 | ฿0.350 | 1.30% |
| 3 | Mar 08, 2023 | Mar 08, 2023 | Mar 08, 2023 | ฿0.300 | 1.07% |
| 4 | Sep 14, 2022 | Sep 14, 2022 | Sep 14, 2022 | ฿0.300 | 1.02% |
| 5 | Mar 09, 2022 | Mar 09, 2022 | Mar 09, 2022 | ฿0.200 | 0.81% |
FAQ
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