BTS Group Holdings Public Co Ltd Stock Forecast
BTS Group Holdings Public Co Ltd stock price down 0.84% on Friday
(Updated on May 24, 2024)
The BTS Group Holdings Public Co Ltd stock price fell by -0.84% on the last day (Friday, 24th May 2024) from ฿5.95 to ฿5.90. During the last trading day the stock fluctuated 4.39% from a day low at ฿5.70 to a day high of ฿5.95. The price has fallen in 5 of the last 10 days and is down by -3.28% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -11 million shares and in total, 60 million shares were bought and sold for approximately ฿351.89 million.
Given the current short-term trend, the stock is expected to rise 23.51% during the next 3 months and, with a 90% probability hold a price between ฿7.29 and ฿8.26 at the end of this 3-month period.
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BTS.BK Signals & Forecast
There are few to no technical positive signals at the moment. The BTS Group Holdings Public Co Ltd 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 ฿6.02 and ฿6.06. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -7.09%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for BTS Group Holdings Public Co Ltd stock
BTS Group Holdings Public Co Ltd finds support from accumulated volume at ฿5.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ฿0.250 (4.39%) between high and low. For the last week, the stock has had daily average volatility of 2.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BTS.BK) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect BTS Group Holdings Public Company Limited to open at ฿5.85, and during the day (based on 14 day Average True Range), to move between ฿5.74 and ฿6.06, which gives a possible trading interval of +/-฿0.157 (+/-2.66%) 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 5.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿6.10 (3.39%) than the support at ฿5.70 (3.39%), 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.
Earnings coming up
BTS Group Holdings Public Company Limited will release earnings BMO on Thursday, May 30, 2024. We will update the financials statements for BTS Group Holdings Public Company Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.39% in the first trading day after earnings release.
Is BTS Group Holdings Public Company Limited stock A Buy?
The BTS Group Holdings Public Co Ltd stock holds several negative signals and despite the positive trend, we believe BTS Group Holdings Public Co Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.494 Sell Candidate Unchanged
Predicted Opening Price for BTS Group Holdings Public Company Limited of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| ฿5.85 ( 0.85%) | ฿5.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BTS.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.10 | 3.39 % | |
| R2 | 6.00 | 1.77 % | ||
| R1 | 5.95 | 0.771 % | ||
| Current price: | 5.90 | |||
| Support | S1 | 5.75 | -2.47 % | |
| S2 | 5.70 | -3.47 % | ||
| S3 | 5.60 | -5.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.20 | 5.08 % | |
| R2 | 6.15 | 4.24 % | ||
| R1 | 6.10 | 3.39 % | ||
| Current price | 5.90 | |||
| Support | S1 | 5.70 | -3.39% | |
| S2 | 5.40 | -8.47% | ||
| S3 | 5.05 | -14.41% |
BTS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 07, 2023 | Aug 07, 2023 | Aug 07, 2023 | ฿0.160 | 2.11% |
| 2 | Jan 30, 2023 | Jan 30, 2023 | Jan 30, 2023 | ฿0.150 | 1.75% |
| 3 | Aug 03, 2022 | Aug 03, 2022 | Aug 03, 2022 | ฿0.160 | 1.87% |
| 4 | Feb 07, 2022 | Feb 07, 2022 | Feb 07, 2022 | ฿0.150 | 1.60% |
| 5 | Jul 23, 2021 | Jul 23, 2021 | Jul 23, 2021 | ฿0.160 | 1.81% |
FAQ
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