Kiatnakin Bank Public Company Limited Stock Forecast
Kiatnakin Bank Public Company Limited stock price up 0.485% on Friday
(Updated on May 03, 2024)
The Kiatnakin Bank Public Company Limited stock price gained 0.485% on the last trading day (Friday, 3rd May 2024), rising from ฿51.50 to ฿51.75. During the last trading day the stock fluctuated 0.485% from a day low at ฿51.50 to a day high of ฿51.75. The price has risen in 6 of the last 10 days and is up by 1.47% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 426 thousand shares were bought and sold for approximately ฿22.03 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 has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at ฿52.04. A reaction back to this level may hold a second chance to get out before further falls.
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KKP.BK Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 1.97%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Kiatnakin Bank 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 ฿52.21 and ฿52.05. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Kiatnakin Bank Public Company Limited stock
Kiatnakin Bank Public Company Limited finds support from accumulated volume at ฿51.50 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 ฿0.250 between high and low, or 0.485%. For the last week the stock has had daily average volatility of 0.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KKP.BK) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Kiatnakin Bank Public Company Limited to open at ฿51.67, and during the day (based on 14 day Average True Range), to move between ฿50.84 and ฿52.66, which gives a possible trading interval of +/-฿0.91 (+/-1.76%) 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 3.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿52.00 (0.48%) than the support at ฿51.50 (0.48%), 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 Kiatnakin Bank Public Company Limited stock A Buy?
The Kiatnakin Bank Public Company Limited stock holds several negative signals and despite the positive trend, we believe Kiatnakin Bank Public Company Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.191 Sell Candidate Unchanged
Predicted Opening Price for Kiatnakin Bank Public Company Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ฿51.67 ( 0.161%) | ฿51.75 |
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 | 51.92 | 0.322 % | |
| R2 | 51.82 | 0.138 % | ||
| R1 | 51.76 | 0.0235 % | ||
| Current price: | 51.75 | |||
| Support | S1 | 51.57 | -0.346 % | |
| S2 | 51.51 | -0.460 % | ||
| S3 | 51.42 | -0.644 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.25 | 2.90 % | |
| R2 | 52.75 | 1.93 % | ||
| R1 | 52.00 | 0.483 % | ||
| Current price | 51.75 | |||
| Support | S1 | 51.50 | -0.483% | |
| S2 | 51.25 | -0.97% | ||
| S3 | 51.00 | -1.45% |
KKP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | May 16, 2024 | ฿1.75 | 3.38% |
| 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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