Baan Rock Garden Public Company Limited Stock Forecast
Green day on Friday for Baan Rock Garden Public Company Limited stock after gaining 0.662%
(Updated on May 24, 2024)
The Baan Rock Garden Public Company Limited stock price gained 0.662% on the last trading day (Friday, 24th May 2024), rising from ฿1.51 to ฿1.52. During the last trading day the stock fluctuated 2.00% from a day low at ฿1.50 to a day high of ฿1.53. The price has risen in 4 of the last 10 days but is still down by -2.56% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 13 thousand more shares were traded than the day before. In total, 32 thousand shares were bought and sold for approximately ฿47.88 thousand.
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 -10.56% during the next 3 months and, with a 90% probability hold a price between ฿1.30 and ฿1.41 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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BROCK.BK Signals & Forecast
There are mixed signals in the stock today. The Baan Rock Garden 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 ฿1.53 and ฿1.56. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 0.662%. 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). Baan Rock Garden Public Company Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Baan Rock Garden Public Company Limited stock
Baan Rock Garden Public Company Limited finds support from accumulated volume at ฿1.51 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 ฿0.0300 between high and low, or 2.00%. For the last week the stock has had daily average volatility of 1.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BROCK.BK) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Baan Rock Garden Public Company Limited to open at ฿1.52, and during the day (based on 14 day Average True Range), to move between ฿1.48 and ฿1.56, which gives a possible trading interval of +/-฿0.0443 (+/-2.91%) up or down from last closing price. If Baan Rock Garden Public Company Limited takes out the full calculated possible swing range there will be an estimated 5.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿1.51 (0.66%) than the resistance at ฿1.54 (1.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Baan Rock Garden Public Company Limited stock A Buy?
Baan Rock Garden 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.
Current score: -1.778 Sell Candidate Unchanged
Predicted Opening Price for Baan Rock Garden Public Company Limited of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| ฿1.52 ( 0.219%) | ฿1.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BROCK.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.55 | 1.75 % | |
| R2 | 1.54 | 1.00 % | ||
| R1 | 1.53 | 0.535 % | ||
| Current price: | 1.52 | |||
| Support | S1 | 1.51 | -0.97 % | |
| S2 | 1.50 | -1.44 % | ||
| S3 | 1.49 | -2.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.57 | 3.29 % | |
| R2 | 1.56 | 2.63 % | ||
| R1 | 1.54 | 1.32 % | ||
| Current price | 1.52 | |||
| Support | S1 | 1.51 | -0.658% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
BROCK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 08, 2023 | Mar 08, 2023 | Mar 08, 2023 | ฿0.0100 | 0.575% |
| 2 | Mar 07, 2022 | Mar 07, 2022 | Mar 07, 2022 | ฿0.0100 | 0.578% |
| 3 | Mar 08, 2021 | Mar 08, 2021 | Mar 08, 2021 | ฿0.0200 | 1.20% |
| 4 | Mar 09, 2020 | Mar 09, 2020 | Mar 09, 2020 | ฿0.0200 | 1.27% |
| 5 | Mar 01, 2019 | Mar 01, 2019 | Mar 01, 2019 | ฿0.0200 | 0.96% |
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