BGT Corporation Public Company Limited Stock Forecast
Red day on Wednesday for BGT Corporation Public Company Limited
(Updated on May 15, 2024)
The BGT Corporation Public Company Limited stock price fell by -1.43% on the last day (Wednesday, 15th May 2024) from ฿0.700 to ฿0.690. During the last trading day the stock fluctuated 4.41% from a day low at ฿0.680 to a day high of ฿0.710. The price has fallen in 4 of the last 10 days and is down by -2.82% for this period. Volume has increased on the last day by 49 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, 56 thousand shares were bought and sold for approximately ฿38.92 thousand.
The stock lies in the middle of a wide and 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 -16.11% during the next 3 months and, with a 90% probability hold a price between ฿0.518 and ฿0.599 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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BGT.BK Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 09, 2024, and so far it has risen 2.99%. 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. The BGT Corporation 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 ฿0.706 and ฿0.710. A break-up above any of these levels will issue buy signals. BGT Corporation Public Company Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for BGT Corporation Public Company Limited stock
BGT Corporation Public Company Limited finds support from accumulated volume at ฿0.680 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ฿0.0300 (4.41%) between high and low. For the last week, the stock has had daily average volatility of 4.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BGT.BK) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect BGT Corporation Public Company Limited to open at ฿0.693, and during the day (based on 14 day Average True Range), to move between ฿0.657 and ฿0.723, which gives a possible trading interval of +/-฿0.0332 (+/-4.81%) up or down from last closing price. If BGT Corporation Public Company Limited takes out the full calculated possible swing range there will be an estimated 9.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿0.680 (1.45%) than the resistance at ฿0.710 (2.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BGT Corporation Public Company Limited stock A Buy?
BGT Corporation Public Company Limited holds several negative signals and is within a wide and 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: -1.695 Sell Candidate Unchanged
Predicted Opening Price for BGT Corporation Public Company Limited of Thursday, May 16, 2024
| Fair opening price May 16, 2024 | Current price |
|---|---|
| ฿0.693 ( 0.483%) | ฿0.690 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BGT.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.723 | 4.83 % | |
| R2 | 0.712 | 3.17 % | ||
| R1 | 0.705 | 2.14 % | ||
| Current price: | 0.690 | |||
| Support | S1 | 0.682 | -1.18 % | |
| S2 | 0.675 | -2.20 % | ||
| S3 | 0.663 | -3.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.780 | 13.04 % | |
| R2 | 0.740 | 7.25 % | ||
| R1 | 0.710 | 2.90 % | ||
| Current price | 0.690 | |||
| Support | S1 | 0.680 | -1.45% | |
| S2 | 0.670 | -2.90% | ||
| S3 | 0 | . |
BGT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2018 | May 07, 2018 | May 07, 2018 | ฿0.0090 | 0% |
| 2 | May 04, 2017 | May 04, 2017 | May 04, 2017 | ฿0.0120 | 0% |
| 3 | May 06, 2014 | May 06, 2014 | May 06, 2014 | ฿0.0120 | 0% |
| 4 | May 02, 2013 | May 02, 2013 | May 02, 2013 | ฿0.0220 | 0% |
| 5 | Apr 30, 2012 | Apr 30, 2012 | Apr 30, 2012 | ฿0.0107 | 0% |
FAQ
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