Grand Canal Land Public Company Limited Stock Forecast
Green day on Wednesday for Grand Canal Land Public Company Limited
(Updated on Jun 26, 2024)
The Grand Canal Land Public Company Limited stock price gained 0.637% on the last trading day (Wednesday, 26th Jun 2024), rising from ฿1.57 to ฿1.58. During the last trading day the stock fluctuated 0% from a day low at ฿1.58 to a day high of ฿1.58. The price has risen in 5 of the last 10 days but is still down by -1.25% for this period. Volume fell on the last day by -201 shares and in total, 400 shares were bought and sold for approximately ฿632.00 . You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Grand Canal Land Public Company Limited stock with a 90% probability to be traded between ฿1.41 and ฿1.68 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.
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GLAND.BK Signals & Forecast
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. The Grand Canal Land Public Company Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ฿1.63 and ฿1.62. 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 -6.51%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Grand Canal Land Public Company Limited stock
Grand Canal Land Public Company Limited finds support from accumulated volume at ฿1.57 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ฿0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.89%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GLAND.BK) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Grand Canal Land Public Company Limited to open at ฿1.58, and during the day (based on 14 day Average True Range), to move between ฿1.51 and ฿1.65, which gives a possible trading interval of +/-฿0.0697 (+/-4.41%) up or down from last closing price. If Grand Canal Land Public Company Limited takes out the full calculated possible swing range there will be an estimated 8.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿1.59 (0.63%) than the support at ฿1.57 (0.63%), 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 Grand Canal Land Public Company Limited stock A Buy?
Grand Canal Land Public Company Limited holds several negative signals and is within a wide 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 stock.
Current score: -4.291 Sell Candidate Unchanged
Predicted Opening Price for Grand Canal Land Public Company Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ฿1.58 ( 0%) | ฿1.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GLAND.BK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.58 | - |
| R2 | 1.58 | - |
| R1 | 1.58 | - |
| Price | 1.58 | |
| S1 | 1.58 | - |
| S2 | 1.58 | - |
| S3 | 1.58 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.65 | 4.43% |
| R2 | 1.60 | 1.27% |
| R1 | 1.59 | 0.633% |
| Price | 1.58 | |
| S1 | 1.57 | -0.633% |
| S2 | 1.42 | -10.13% |
| S3 | 0 | - |
GLAND Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Feb 28, 2024 | May 09, 2024 | ฿0.0250 | 1.46% |
| 2 | Mar 29, 2018 | Mar 29, 2018 | May 21, 2018 | ฿0.100 | 4.13% |
| 3 | Mar 23, 2017 | Mar 23, 2017 | May 22, 2017 | ฿0.100 | 4.17% |
| 4 | Mar 08, 2016 | Mar 08, 2016 | Mar 08, 2016 | ฿0.200 | 7.04% |
| 5 | Aug 25, 2015 | Aug 25, 2015 | Aug 25, 2015 | ฿0.0500 | 1.76% |
FAQ
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