Bangsaphan Barmill Public Co Ltd Stock Forecast

Bangsaphan Barmill Public Co Ltd stock price down 0% on Friday
(Updated on May 31, 2024)

BSBM.BK Signals & Forecast

The Bangsaphan Barmill Public Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ฿0.754 and ฿0.748. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 01, 2024, and so far it has risen 5.56%. 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. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, February 22, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Bangsaphan Barmill Public Co Ltd stock

Bangsaphan Barmill Public Co Ltd finds support from accumulated volume at ฿0.750 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved ฿0.0100 between high and low, or 1.33%. For the last week the stock has had daily average volatility of 2.15%

Our recommended stop-loss: ฿0.731 (-3.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 49 days ago.)

Trading Expectations (BSBM.BK) For The Upcoming Trading Day Of Tuesday 4th

For the upcoming trading day on Tuesday, 4th we expect Bangsaphan Barmill Public Company Limited to open at ฿0.757, and during the day (based on 14 day Average True Range), to move between ฿0.740 and ฿0.780, which gives a possible trading interval of +/-฿0.0205 (+/-2.69%) up or down from last closing price. If Bangsaphan Barmill Public Company Limited takes out the full calculated possible swing range there will be an estimated 5.38% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ฿0.750 (1.32%) than the resistance at ฿0.81 (6.58%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Bangsaphan Barmill Public Company Limited stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Bangsaphan Barmill Public Co Ltd stock to perform well in the short-term period.

Current score: 4.111 Buy Candidate Unchanged

Predicted Opening Price for Bangsaphan Barmill Public Company Limited of Tuesday, June 4, 2024

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