Bangkok Land Public Company Limited Stock Forecast
Bangkok Land Public Company Limited stock upgraded to Buy Candidate.
(Updated on Apr 30, 2024)
The Bangkok Land Public Company Limited stock price gained 1.49% on the last trading day (Tuesday, 30th Apr 2024), rising from ฿0.670 to ฿0.680. During the last trading day the stock fluctuated 1.49% from a day low at ฿0.670 to a day high of ฿0.680. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume fell on the last day by -3 million shares and in total, 7 million shares were bought and sold for approximately ฿4.99 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a 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 -8.23% during the next 3 months and, with a 90% probability hold a price between ฿0.600 and ฿0.636 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
The Bangkok Land Public Company Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ฿0.667 and ฿0.679. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 3.03%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
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 ฿0.0100 between high and low, or 1.49%. For the last week the stock has had daily average volatility of 1.81%.
Our recommended stop-loss: ฿0.650 (-4.45%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (BLAND.BK) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Bangkok Land Public Company Limited to open at ฿0.677, and during the day (based on 14 day Average True Range), to move between ฿0.665 and ฿0.695, which gives a possible trading interval of +/-฿0.0147 (+/-2.16%) 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 4.33% 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?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.083 Buy Candidate Upgraded
Predicted Opening Price for Bangkok Land Public Company Limited of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| ฿0.677 ( 0.490%) | ฿0.680 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 0.687 | 0.98 % | |
| R2 | 0.683 | 0.419 % | ||
| R1 | 0.680 | 0.0716 % | ||
| Current price: | 0.680 | |||
| Support | S1 | 0.673 | -1.05 % | |
| S2 | 0.670 | -1.40 % | ||
| S3 | 0.667 | -1.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.720 | 5.88 % | |
| R2 | 0.700 | 2.94 % | ||
| R1 | 0.690 | 1.47 % | ||
| Current price | 0.680 | |||
| Support | S1 | 0.670 | -1.47% | |
| S2 | 0.660 | -2.94% | ||
| S3 | 0 | . |
BLAND Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 03, 2022 | Aug 03, 2022 | Aug 03, 2022 | ฿0.0300 | 0% |
| 2 | Jul 30, 2021 | Jul 30, 2021 | Jul 30, 2021 | ฿0.0300 | 0% |
| 3 | Aug 04, 2020 | Aug 04, 2020 | Aug 04, 2020 | ฿0.0200 | 0% |
| 4 | Mar 02, 2020 | Mar 02, 2020 | Mar 02, 2020 | ฿0.0400 | 0% |
| 5 | Aug 02, 2019 | Aug 02, 2019 | Aug 02, 2019 | ฿0.0900 | 0% |
FAQ
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