Future Park Leasehold Property Fund Trust 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
Future Park Leasehold Property Fund trust price down 0.89% on Friday
(Updated on Jun 28, 2024)
The Future Park Leasehold Property Fund trust price fell by -0.89% on the last day (Friday, 28th Jun 2024) from ฿11.20 to ฿11.10. During the last trading day the trust fluctuated 0.91% from a day low at ฿11.00 to a day high of ฿11.10. The price has fallen in 5 of the last 10 days and is down by -3.48% for this period. Volume has increased on the last day by 129 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 346 thousand shares were bought and sold for approximately ฿3.84 million.
The trust is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at ฿11.03 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Future Park Leasehold Property Fund trust with a 90% probability to be traded between ฿10.85 and ฿11.24 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 trusts seldom manage to go directly from the bottom of a trend up to the top. Trusts turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FUTUREPF.BK Signals & Forecast
There are few to no technical positive signals at the moment. The Future Park Leasehold Property Fund trust 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 ฿11.23 and ฿11.32. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -2.63%. 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 rose on falling prices yesterday. This may be an early warning and the trust should be followed more closely.
Support, Risk & Stop-loss for Future Park Leasehold Property Fund trust
There is no support from accumulated volume below today's level and given the right condition the trust may perform very badly in the next couple of days.
In general the trust tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the trust moved ฿0.1000 between high and low, or 0.91%. For the last week the trust has had daily average volatility of 1.44%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FUTUREPF.BK) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Future Park Leasehold Property Fund to open at ฿11.07, and during the day (based on 14 day Average True Range), to move between ฿10.89 and ฿11.31, which gives a possible trading interval of +/-฿0.205 (+/-1.85%) up or down from last closing price. If Future Park Leasehold Property Fund takes out the full calculated possible swing range there will be an estimated 3.70% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ฿11.20, some ฿0.1000 (0.90%) from the current price of ฿11.10, our system finds the risk reward not very attractive.
Is Future Park Leasehold Property Fund trust A Buy?
Future Park Leasehold Property Fund holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this trust.
Current score: -3.339 Sell Candidate Unchanged
Predicted Opening Price for Future Park Leasehold Property Fund of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ฿11.07 ( 0.300%) | ฿11.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FUTUREPF.BK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.17 | 0.601% |
| R2 | 11.13 | 0.256% |
| R1 | 11.10 | 0.0438% |
| Price | 11.10 | |
| S1 | 11.03 | -0.644% |
| S2 | 11.00 | -0.86% |
| S3 | 10.97 | -1.20% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.50 | 3.60% |
| R2 | 11.30 | 1.80% |
| R1 | 11.20 | 0.90% |
| Price | 11.10 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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