Bangkok Expressway and Metro Public Co Stock Forecast
Bangkok Expressway and Metro Public Co stock price up 1.82% on Friday
(Updated on May 03, 2024)
The Bangkok Expressway and Metro Public Co stock price gained 1.82% on the last trading day (Friday, 3rd May 2024), rising from ฿8.25 to ฿8.40. During the last trading day the stock fluctuated 2.44% from a day low at ฿8.20 to a day high of ฿8.40. The price has risen in 5 of the last 10 days and is up by 1.2% 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, 20 million more shares were traded than the day before. In total, 36 million shares were bought and sold for approximately ฿303.95 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.48% during the next 3 months and, with a 90% probability hold a price between ฿8.77 and ฿9.63 at the end of this 3-month period.
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BEM-R.BK Signals & Forecast
The Bangkok Expressway and Metro Public Co stock 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 ฿8.24 and ฿8.20. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 15, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Bangkok Expressway and Metro Public Co stock
Bangkok Expressway and Metro Public Co finds support from accumulated volume at ฿8.20 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 ฿0.200 between high and low, or 2.44%. For the last week the stock has had daily average volatility of 1.71%.
Our recommended stop-loss: ฿8.07 (-3.92%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 31 days ago.)
Trading Expectations (BEM-R.BK) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Bangkok Expressway and Metro Public Company Limited to open at ฿8.33, and during the day (based on 14 day Average True Range), to move between ฿8.26 and ฿8.54, which gives a possible trading interval of +/-฿0.142 (+/-1.69%) up or down from last closing price. If Bangkok Expressway and Metro Public Company Limited takes out the full calculated possible swing range there will be an estimated 3.37% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ฿8.20, some ฿0.200 (2.38%) from the current price of ฿8.40, our system finds the risk reward attractive.
Earnings coming up
Bangkok Expressway and Metro Public Company Limited will release earnings BMO on Thursday, May 09, 2024. We will update the financials statements for Bangkok Expressway and Metro Public Company Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.68% in the first trading day after earnings release.
Is Bangkok Expressway and Metro Public Company Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Bangkok Expressway and Metro Public Co stock to perform well in the short-term.
Current score: 4.979 Buy Candidate Unchanged
Predicted Opening Price for Bangkok Expressway and Metro Public Company Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ฿8.33 ( 0.794%) | ฿8.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BEM-R.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.53 | 1.59 % | |
| R2 | 8.46 | 0.678 % | ||
| R1 | 8.41 | 0.116 % | ||
| Current price: | 8.40 | |||
| Support | S1 | 8.26 | -1.70 % | |
| S2 | 8.21 | -2.27 % | ||
| S3 | 8.13 | -3.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 8.40 | |||
| Support | S1 | 8.20 | -2.38% | |
| S2 | 8.10 | -3.57% | ||
| S3 | 8.05 | -4.17% |
BEM-R Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 12, 2024 | Mar 12, 2024 | May 03, 2024 | ฿0.140 | 1.68% |
| 2 | Mar 08, 2023 | Mar 08, 2023 | Mar 08, 2023 | ฿0.120 | 1.31% |
| 3 | Mar 08, 2022 | Mar 08, 2022 | Mar 08, 2022 | ฿0.0800 | 0.95% |
| 4 | May 07, 2021 | May 07, 2021 | May 07, 2021 | ฿0.100 | 1.27% |
| 5 | May 05, 2020 | May 05, 2020 | May 05, 2020 | ฿0.0900 | 0.98% |
FAQ
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