Kiatnakin Bank Public Company Limited Stock Forecast
Green day on Wednesday for Kiatnakin Bank Public Company Limited stock after gaining 0.472%
(Updated on Apr 24, 2024)
The Kiatnakin Bank Public Company Limited stock price gained 0.472% on the last trading day (Wednesday, 24th Apr 2024), rising from ฿53.00 to ฿53.25. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.42% from a day low at ฿52.75 to a day high of ฿53.50. The price has risen in 6 of the last 10 days and is up by 3.4% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 3 million shares were bought and sold for approximately ฿182.36 million. 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 lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.70% during the next 3 months and, with a 90% probability hold a price between ฿56.11 and ฿60.95 at the end of this 3-month period.
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KKP.BK Signals & Forecast
Mostly positive signals in the chart today. The Kiatnakin Bank Public Company Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ฿52.21 and ฿52.24. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 4.93%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Kiatnakin Bank Public Company Limited stock
Kiatnakin Bank Public Company Limited finds support from accumulated volume at ฿52.75 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ฿0.750 between high and low, or 1.42%. For the last week the stock has had daily average volatility of 2.13%.
Our recommended stop-loss: ฿50.35 (-5.44%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (KKP.BK) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Kiatnakin Bank Public Company Limited to open at ฿53.17, and during the day (based on 14 day Average True Range), to move between ฿52.21 and ฿54.29, which gives a possible trading interval of +/-฿1.04 (+/-1.96%) up or down from last closing price. If Kiatnakin Bank Public Company Limited takes out the full calculated possible swing range there will be an estimated 3.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿52.75 (0.94%) than the resistance at ฿54.00 (1.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kiatnakin Bank Public Company Limited stock A Buy?
Kiatnakin Bank Public Company Limited holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 5.436 Strong Buy Candidate Unchanged
Predicted Opening Price for Kiatnakin Bank Public Company Limited of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| ฿53.17 ( 0.156%) | ฿53.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KKP.BK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.92 | 1.25 % | |
| R2 | 53.63 | 0.714 % | ||
| R1 | 53.45 | 0.382 % | ||
| Current price: | 53.25 | |||
| Support | S1 | 52.88 | -0.695 % | |
| S2 | 52.70 | -1.03 % | ||
| S3 | 52.42 | -1.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 54.50 | 2.35 % | ||
| R1 | 54.00 | 1.41 % | ||
| Current price | 53.25 | |||
| Support | S1 | 52.75 | -0.94% | |
| S2 | 52.00 | -2.35% | ||
| S3 | 49.50 | -7.04% |
KKP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | May 16, 2024 | ฿1.75 | 3.29% |
| 2 | Sep 06, 2023 | Sep 06, 2023 | Sep 06, 2023 | ฿1.25 | 2.15% |
| 3 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | ฿1.50 | 2.50% |
| 4 | Sep 07, 2022 | Sep 07, 2022 | Sep 07, 2022 | ฿1.75 | 2.53% |
| 5 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | ฿2.20 | 3.04% |
FAQ
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