Diamond Building Products Public Co Ltd Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Diamond Building Products Public Co Ltd stock price down 0.610% on Friday
(Updated on May 17, 2024)
The Diamond Building Products Public Co Ltd stock price fell by -0.610% on the last day (Friday, 17th May 2024) from ฿8.20 to ฿8.15. During the last trading day the stock fluctuated 1.23% from a day low at ฿8.15 to a day high of ฿8.25. The price has been going up and down for this period, and there has been a 2.52% gain for the last 2 weeks. 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 -159 thousand shares and in total, 54 thousand shares were bought and sold for approximately ฿437.96 thousand.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ฿8.20 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Diamond Building Products Public Co Ltd stock with a 90% probability to be traded between ฿7.71 and ฿8.15 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. 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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DRT.BK Signals & Forecast
The Diamond Building Products 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 ฿8.14 and ฿7.97. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -0.610%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The stock had a Golden Star Signal on Monday, December 18, 2023 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.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, December 18, 2023 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 Diamond Building Products Public Co Ltd stock
Diamond Building Products Public Co Ltd finds support from accumulated volume at ฿8.10 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 ฿0.1000 between high and low, or 1.23%. For the last week the stock has had daily average volatility of 0.86%
Our recommended stop-loss: ฿7.85 (-3.73%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (DRT.BK) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Diamond Building Products Public Company Limited to open at ฿8.18, and during the day (based on 14 day Average True Range), to move between ฿8.06 and ฿8.24, which gives a possible trading interval of +/-฿0.0875 (+/-1.07%) up or down from last closing price. If Diamond Building Products Public Company Limited takes out the full calculated possible swing range there will be an estimated 2.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿8.20 (0.61%) than the support at ฿8.10 (0.61%), 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 Diamond Building Products Public Company Limited stock A Buy?
Diamond Building Products 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: -0.302 Hold/Accumulate Unchanged
Predicted Opening Price for Diamond Building Products Public Company Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ฿8.18 ( 0.409%) | ฿8.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DRT.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.28 | 1.64 % | |
| R2 | 8.25 | 1.17 % | ||
| R1 | 8.22 | 0.88 % | ||
| Current price: | 8.15 | |||
| Support | S1 | 8.15 | -0.0597 % | |
| S2 | 8.12 | -0.349 % | ||
| S3 | 8.08 | -0.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.35 | 2.45 % | |
| R2 | 8.25 | 1.23 % | ||
| R1 | 8.20 | 0.613 % | ||
| Current price | 8.15 | |||
| Support | S1 | 8.10 | -0.613% | |
| S2 | 7.90 | -3.07% | ||
| S3 | 7.85 | -3.68% |
DRT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 04, 2024 | Mar 04, 2024 | May 10, 2024 | ฿0.260 | 3.21% |
| 2 | Sep 04, 2023 | Sep 04, 2023 | Sep 04, 2023 | ฿0.260 | 3.15% |
| 3 | Mar 03, 2023 | Mar 03, 2023 | Mar 03, 2023 | ฿0.260 | 3.31% |
| 4 | Sep 05, 2022 | Sep 05, 2022 | Sep 05, 2022 | ฿0.240 | 3.18% |
| 5 | Mar 08, 2022 | Mar 08, 2022 | Mar 08, 2022 | ฿0.240 | 3.06% |
FAQ
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