BTS Group Holdings Public Co Ltd Stock Forecast

Red day on Friday for BTS Group Holdings Public Co Ltd
(Updated on May 03, 2024)

BTS.BK Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -0.787%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The BTS Group Holdings 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 ฿6.30 and ฿5.85. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for BTS Group Holdings Public Co Ltd stock

On the downside, the stock finds support just below today's level from accumulated volume at ฿5.70 and ฿5.40. 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, BTS Group Holdings Public Co Ltd finds support just below today's level at ฿5.70. If this is broken, then the next support from accumulated volume will be at ฿5.40 and ฿5.05.

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 ฿0.0500 between high and low, or 0.794%. For the last week, the stock has had daily average volatility of 1.76%.

Our recommended stop-loss: ฿6.04 (-4.18%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (BTS.BK) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect BTS Group Holdings Public Company Limited to open at ฿6.32, and during the day (based on 14 day Average True Range), to move between ฿6.12 and ฿6.48, which gives a possible trading interval of +/-฿0.175 (+/-2.78%) up or down from last closing price. If BTS Group Holdings Public Company Limited takes out the full calculated possible swing range there will be an estimated 5.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ฿6.35 (0.79%) than the support at ฿5.70 (9.52%), 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 BTS Group Holdings Public Company Limited stock A Buy?

BTS Group Holdings Public Co Ltd 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: 0.902 Hold/Accumulate Unchanged

Predicted Opening Price for BTS Group Holdings Public Company Limited of Tuesday, May 7, 2024

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