Bangkok Land Public Company Limited Stock Forecast

Evaluation of Bangkok Land Public Company Limited stock downgraded after the last trading session.
(Updated on Apr 18, 2024)

BLAND.BK Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, March 27, 2024, and so far it has risen 1.49%. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ฿0.685. On a fall, the stock will find some support from the short-term average at ฿0.679. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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.

Support, Risk & Stop-loss for Bangkok Land Public Company Limited stock

Bangkok Land Public Company Limited finds support from accumulated volume at ฿0.670 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 ฿0.0200 between high and low, or 2.99%. For the last week the stock has had daily average volatility of 2.09%.

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 Friday 19th

For the upcoming trading day on Friday, 19th we expect Bangkok Land Public Company Limited to open at ฿0.680, and during the day (based on 14 day Average True Range), to move between ฿0.664 and ฿0.696, which gives a possible trading interval of +/-฿0.0158 (+/-2.32%) 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 4.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ฿0.690 (1.47%) than the support at ฿0.670 (1.47%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Bangkok Land Public Company Limited stock A Buy?

Bangkok Land Public Company Limited holds several negative signals and we believe that 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: -1.337 Sell Candidate Downgraded

Predicted Opening Price for Bangkok Land Public Company Limited of Friday, April 19, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.