Bangkok Land Public Company Limited Stock Forecast
Evaluation of Bangkok Land Public Company Limited stock downgraded after the last trading session.
(Updated on Jul 02, 2024)
The Bangkok Land Public Company Limited stock price fell by -3.57% on the last day (Tuesday, 2nd Jul 2024) from ฿0.560 to ฿0.540. During the last trading day the stock fluctuated 3.70% from a day low at ฿0.540 to a day high of ฿0.560. The price has fallen in 5 of the last 10 days and is down by -1.82% for this period. Volume has increased on the last day by 9 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, 28 million shares were bought and sold for approximately ฿14.88 million.
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 -21.59% during the next 3 months and, with a 90% probability hold a price between ฿0.403 and ฿0.461 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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BLAND.BK Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has fallen 0%. 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 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 ฿0.559 and ฿0.598. A break-up above any of these levels will issue buy signals. 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.
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 ฿0.0200 (3.70%) between high and low. For the last week, the stock has had daily average volatility of 3.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BLAND.BK) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Bangkok Land Public Company Limited to open at ฿0.547, and during the day (based on 14 day Average True Range), to move between ฿0.520 and ฿0.560, which gives a possible trading interval of +/-฿0.0199 (+/-3.68%) 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 7.36% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ฿0.560, some ฿0.0200 (3.70%) from the current price of ฿0.540, 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 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.468 Sell Candidate Downgraded
Predicted Opening Price for Bangkok Land Public Company Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| ฿0.547 ( 1.23%) | ฿0.540 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BLAND.BK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.567 | 4.94% |
| R2 | 0.559 | 3.52% |
| R1 | 0.554 | 2.65% |
| Price | 0.540 | |
| S1 | 0.539 | -0.180% |
| S2 | 0.534 | -1.05% |
| S3 | 0.527 | -2.47% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.670 | 24.07% |
| R2 | 0.570 | 5.56% |
| R1 | 0.560 | 3.70% |
| Price | 0.540 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
BLAND Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 25, 2024 | Jul 25, 2024 | Aug 16, 2024 | ฿0.0100 | 1.85% |
| 2 | Aug 03, 2022 | Aug 03, 2022 | Aug 03, 2022 | ฿0.0300 | 0% |
| 3 | Jul 30, 2021 | Jul 30, 2021 | Jul 30, 2021 | ฿0.0300 | 0% |
| 4 | Aug 04, 2020 | Aug 04, 2020 | Aug 04, 2020 | ฿0.0200 | 0% |
| 5 | Mar 02, 2020 | Mar 02, 2020 | Mar 02, 2020 | ฿0.0400 | 0% |
FAQ
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