Kasikornbank Public Company Limited Stock Forecast
Stronger technical forecast for Kasikornbank Public Company Limited stock price after Friday trading.
(Updated on May 03, 2024)
No changes to the price of Kasikornbank Public Company Limited stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 0.769% from a day low at ฿130.00 to a day high of ฿131.00. The price has risen in 6 of the last 10 days and is up by 3.97% over the past 2 weeks.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ฿131.12 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.69% during the next 3 months and, with a 90% probability hold a price between ฿131.61 and ฿138.57 at the end of this 3-month period.
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KBANK.BK Signals & Forecast
The Kasikornbank Public Company Limited 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 ฿129.21 and ฿125.27. 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). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. 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 02, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Kasikornbank Public Company Limited stock
Kasikornbank Public Company Limited finds support from accumulated volume at ฿125.00 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 ฿1.00 (0.769%) between high and low. For the last week, the stock has had daily average volatility of 1.40%.
Our recommended stop-loss: ฿126.26 (-3.62%) (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 (KBANK.BK) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Kasikornbank Public Company Limited to open at ฿130.67, and during the day (based on 14 day Average True Range), to move between ฿128.92 and ฿133.08, which gives a possible trading interval of +/-฿2.08 (+/-1.59%) up or down from last closing price. If Kasikornbank Public Company Limited takes out the full calculated possible swing range there will be an estimated 3.17% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ฿125.00, some ฿6.00 (4.58%) from the current price of ฿131.00, our system finds the risk reward attractive.
Is Kasikornbank Public Company Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Kasikornbank Public Company Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.370 Buy Candidate Upgraded
Predicted Opening Price for Kasikornbank Public Company Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ฿130.67 ( 0.254%) | ฿131.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KBANK.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 131.67 | 0.509 % | |
| R2 | 131.28 | 0.217 % | ||
| R1 | 131.05 | 0.0372 % | ||
| Current price: | 131.00 | |||
| Support | S1 | 130.28 | -0.546 % | |
| S2 | 130.05 | -0.726 % | ||
| S3 | 129.67 | -1.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 131.00 | |||
| Support | S1 | 125.00 | -4.58% | |
| S2 | 124.00 | -5.34% | ||
| S3 | 123.50 | -5.73% |
KBANK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | Apr 22, 2024 | May 10, 2024 | ฿6.00 | 4.58% |
| 2 | Sep 13, 2023 | Sep 13, 2023 | Sep 13, 2023 | ฿0.500 | 0.389% |
| 3 | Apr 17, 2023 | Apr 17, 2023 | Apr 17, 2023 | ฿3.50 | 2.62% |
| 4 | Sep 07, 2022 | Sep 07, 2022 | Sep 07, 2022 | ฿0.500 | 0.338% |
| 5 | Apr 18, 2022 | Apr 18, 2022 | Apr 18, 2022 | ฿2.75 | 1.81% |
FAQ
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