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
Red day on Wednesday for Bangkok Land Public Company Limited stock after losing 0%
(Updated on Jul 03, 2024)
No changes to the price of Bangkok Land Public Company Limited stock on the last trading day (Wednesday, 3rd Jul 2024). During the last trading day the stock fluctuated 1.85% from a day low at ฿0.540 to a day high of ฿0.550. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
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 -22.06% during the next 3 months and, with a 90% probability hold a price between ฿0.398 and ฿0.455 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 ฿0.554 and ฿0.594. A break-up above any of these levels will issue buy signals. 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
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 ฿0.0100 (1.85%) between high and low. For the last week, the stock has had daily average volatility of 3.32%.
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 Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Bangkok Land Public Company Limited to open at ฿0.543, and during the day (based on 14 day Average True Range), to move between ฿0.521 and ฿0.559, which gives a possible trading interval of +/-฿0.0192 (+/-3.55%) 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 7.10% 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.
Current score: -2.077 Sell Candidate Unchanged
Predicted Opening Price for Bangkok Land Public Company Limited of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| ฿0.543 ( 0.617%) | ฿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 | 0.553 | 2.47% |
| R2 | 0.550 | 1.76% |
| R1 | 0.547 | 1.32% |
| Price | 0.540 | |
| S1 | 0.540 | -0.0901% |
| S2 | 0.537 | -0.527% |
| S3 | 0.533 | -1.23% |
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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