Grand Canal Land Public Company Limited 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
Is Grand Canal Land Public Company Limited stock still a buy after falling -6.75% on Friday?
(Updated on Jun 28, 2024)
The Grand Canal Land Public Company Limited stock price fell by -6.75% on the last day (Friday, 28th Jun 2024) from ฿1.63 to ฿1.52. During the last trading day the stock fluctuated 6.58% from a day low at ฿1.52 to a day high of ฿1.62. The price has been going up and down for this period, and there has been a -8.98% loss 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 -3 thousand shares and in total, 500 shares were bought and sold for approximately ฿760.00 .
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 ฿1.38 and ฿1.65 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. 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 ฿1.60 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 -10.06%. 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 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
On the downside, the stock finds support just below today's level from accumulated volume at ฿1.42. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at ฿ may give a huge drop in the stock price.
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 ฿0.100 between high and low, or 6.58%. For the last week the stock has had daily average volatility of 3.69%.
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 Monday 1st
For the upcoming trading day on Monday, 1st we expect Grand Canal Land Public Company Limited to open at ฿1.55, and during the day (based on 14 day Average True Range), to move between ฿1.44 and ฿1.60, which gives a possible trading interval of +/-฿0.0766 (+/-5.04%) 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 10.08% 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 (4.61%) than the support at ฿1.42 (6.58%), 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.304 Sell Candidate Downgraded
Predicted Opening Price for Grand Canal Land Public Company Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ฿1.55 ( 2.19%) | ฿1.52 |
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 | 1.65 | 8.77% |
| R2 | 1.62 | 6.26% |
| R1 | 1.59 | 4.71% |
| Price | 1.52 | |
| S1 | 1.52 | -0.320% |
| S2 | 1.49 | -1.87% |
| S3 | 1.45 | -4.39% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.65 | 8.55% |
| R2 | 1.60 | 5.26% |
| R1 | 1.59 | 4.61% |
| Price | 1.52 | |
| S1 | 1.42 | -6.58% |
| S2 | 0 | - |
| 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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