Bangkok Land Public Company Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
High volatility in Bangkok Land Public Company Limited stock price on Friday which ended trading at ฿0.570
(Updated on May 31, 2024)
The Bangkok Land Public Company Limited stock price fell by -12.31% on the last day (Friday, 31st May 2024) from ฿0.650 to ฿0.570. During the last trading day the stock fluctuated 15.79% from a day low at ฿0.570 to a day high of ฿0.660. The price has been going up and down for this period, and there has been a -13.64% loss for the last 2 weeks. Volume has increased on the last day by 252 million 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, 258 million shares were bought and sold for approximately ฿147.07 million.
The stock has broken the narrow and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point (฿0.640) are considered to be a "second chance" to get out. According to the fan-theory ฿0.608 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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BLAND-R.BK Signals & Forecast
There are few to no technical positive signals at the moment. The Bangkok Land 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 ฿0.640 and ฿0.665. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -16.18%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Bangkok Land Public Company Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 ฿0.0900 between high and low, or 15.79%. For the last week the stock has had daily average volatility of 5.33%.
Bangkok Land Public Company Limited is oversold on RSI14 (8). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BLAND-R.BK) For The Upcoming Trading Day Of Tuesday 4th
For the upcoming trading day on Tuesday, 4th we expect Bangkok Land Public Company Limited to open at ฿0.600, and during the day (based on 14 day Average True Range), to move between ฿0.550 and ฿0.590, which gives a possible trading interval of +/-฿0.0200 (+/-3.51%) up or down from last closing price. If Bangkok Land Public Company Limited takes out the full calculated possible swing range there will be an estimated 7.03% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ฿0.660, some ฿0.0900 (15.79%) from the current price of ฿0.570, our system finds the risk reward not very attractive.
Is Bangkok Land Public Company Limited stock A Buy?
Bangkok Land Public Company Limited holds several negative signals and is within a narrow 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: -3.965 Sell Candidate Unchanged
Predicted Opening Price for Bangkok Land Public Company Limited of Tuesday, June 4, 2024
| Fair opening price June 4, 2024 | Current price |
|---|---|
| ฿0.600 ( 5.26%) | ฿0.570 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BLAND-R.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.690 | 21.05 % | |
| R2 | 0.656 | 15.02 % | ||
| R1 | 0.634 | 11.29 % | ||
| Current price: | 0.570 | |||
| Support | S1 | 0.566 | -0.768 % | |
| S2 | 0.544 | -4.49 % | ||
| S3 | 0.510 | -10.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.680 | 19.30 % | |
| R2 | 0.670 | 17.54 % | ||
| R1 | 0.660 | 15.79 % | ||
| Current price | 0.570 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
BLAND-R Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 25, 2024 | Jul 25, 2024 | Aug 16, 2024 | ฿0.0100 | 1.67% |
| 2 | Aug 03, 2022 | Aug 03, 2022 | Aug 03, 2022 | ฿0.0300 | 2.88% |
| 3 | Jul 30, 2021 | Jul 30, 2021 | Jul 30, 2021 | ฿0.0300 | 9.09% |
| 4 | Aug 04, 2020 | Aug 04, 2020 | Aug 04, 2020 | ฿0.0200 | 6.06% |
| 5 | Mar 02, 2020 | Mar 02, 2020 | Mar 02, 2020 | ฿0.0400 | 12.12% |
FAQ
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