Business Online Public Company Limited Stock Forecast
Green day on Friday for Business Online Public Company Limited
(Updated on Apr 19, 2024)
The Business Online Public Company Limited stock price gained 3.27% on the last trading day (Friday, 19th Apr 2024), rising from ฿7.65 to ฿7.90. During the last trading day the stock fluctuated 3.95% from a day low at ฿7.60 to a day high of ฿7.90. The price has been going up and down for this period, and there has been a 4.64% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 46 thousand more shares were traded than the day before. In total, 398 thousand shares were bought and sold for approximately ฿3.15 million.
Given the current short-term trend, the stock is expected to fall -20.84% during the next 3 months and, with a 90% probability hold a price between ฿5.47 and ฿6.25 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BOL.BK Signals & Forecast
The Business Online 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 ฿7.41 and ฿7.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 10.49%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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 Business Online Public Company Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ฿7.40 and ฿7.35. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Business Online Public Company Limited finds support just below today's level at ฿7.40. If this is broken, then the next support from accumulated volume will be at ฿7.35 and ฿7.30.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ฿0.300 between high and low, or 3.95%. For the last week, the stock has had daily average volatility of 2.87%.
Our recommended stop-loss: ฿7.58 (-4.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (BOL.BK) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Business Online Public Company Limited to open at ฿7.80, and during the day (based on 14 day Average True Range), to move between ฿7.70 and ฿8.10, which gives a possible trading interval of +/-฿0.200 (+/-2.53%) up or down from last closing price. If Business Online Public Company Limited takes out the full calculated possible swing range there will be an estimated 5.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿7.40 (6.33%) than the resistance at ฿8.50 (7.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Business Online Public Company Limited stock A Buy?
Business Online Public Company Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Business Online Public Company Limited of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| ฿7.80 ( 1.27%) | ฿7.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BOL.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.10 | 2.53 % | |
| R2 | 7.99 | 1.08 % | ||
| R1 | 7.91 | 0.185 % | ||
| Current price: | 7.90 | |||
| Support | S1 | 7.69 | -2.72 % | |
| S2 | 7.61 | -3.61 % | ||
| S3 | 7.50 | -5.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.00 | 13.92 % | |
| R2 | 8.70 | 10.13 % | ||
| R1 | 8.50 | 7.59 % | ||
| Current price | 7.90 | |||
| Support | S1 | 7.40 | -6.33% | |
| S2 | 7.35 | -6.96% | ||
| S3 | 7.30 | -7.59% |
BOL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 23, 2024 | Feb 23, 2024 | Apr 18, 2024 | ฿0.175 | 2.29% |
| 2 | Aug 21, 2023 | Aug 21, 2023 | Aug 21, 2023 | ฿0.145 | 1.42% |
| 3 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | ฿0.165 | 1.59% |
| 4 | Aug 18, 2022 | Aug 18, 2022 | Aug 18, 2022 | ฿0.130 | 1.09% |
| 5 | Feb 24, 2022 | Feb 24, 2022 | Feb 24, 2022 | ฿0.145 | 1.07% |
FAQ
Click here for our free guide on how to buy Business Online Public Company Limited Stock.
