Bangkok Expressway and Metro Public Co Stock Forecast
Red day on Friday for Bangkok Expressway and Metro Public Co
(Updated on May 17, 2024)
No changes to the price of Bangkok Expressway and Metro Public Co stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 1.90% from a day low at ฿7.90 to a day high of ฿8.05. The price has fallen in 4 of the last 10 days and is down by -3.03% for this period.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ฿7.96 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.31% during the next 3 months and, with a 90% probability hold a price between ฿8.14 and ฿8.73 at the end of this 3-month period.
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BEM.BK Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 0.629%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Bangkok Expressway and Metro Public Co 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 ฿8.09 and ฿8.18. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
A sell signal from a double top formation was found on Friday, May 03, 2024 and based on theory for this formation the price should fall by -0.81% to ฿7.94 within 31 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for Bangkok Expressway and Metro Public Co stock
Bangkok Expressway and Metro Public Co finds support from accumulated volume at ฿7.95 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 ฿0.150 between high and low, or 1.90%. For the last week the stock has had daily average volatility of 2.27%.
Our recommended stop-loss: ฿7.53 (-5.93%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (BEM.BK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Bangkok Expressway and Metro Public Company Limited to open at ฿7.98, and during the day (based on 14 day Average True Range), to move between ฿7.85 and ฿8.15, which gives a possible trading interval of +/-฿0.150 (+/-1.88%) 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 3.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿7.95 (0.62%) than the resistance at ฿8.05 (0.63%), 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 Expressway and Metro Public Company Limited stock A Buy?
Bangkok Expressway and Metro Public Co holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.797 Hold/Accumulate Unchanged
Predicted Opening Price for Bangkok Expressway and Metro Public Company Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ฿7.98 ( 0.208%) | ฿8.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BEM.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.13 | 1.67 % | |
| R2 | 8.08 | 0.95 % | ||
| R1 | 8.04 | 0.508 % | ||
| Current price: | 8.00 | |||
| Support | S1 | 7.93 | -0.92 % | |
| S2 | 7.89 | -1.37 % | ||
| S3 | 7.83 | -2.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.20 | 2.50 % | |
| R2 | 8.10 | 1.25 % | ||
| R1 | 8.05 | 0.625 % | ||
| Current price | 8.00 | |||
| Support | S1 | 7.95 | -0.625% | |
| S2 | 7.90 | -1.25% | ||
| S3 | 7.75 | -3.13% |
BEM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 12, 2024 | Mar 12, 2024 | May 03, 2024 | ฿0.140 | 1.67% |
| 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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