Kasikornbank Public Company Ltd Stock Forecast
Weaker technical forecast for Kasikornbank Public Company Ltd as stock downgraded to Sell Candidate.
(Updated on Apr 15, 2024)
The Kasikornbank Public Company Ltd stock price fell by -0.284% on the last day (Monday, 15th Apr 2024) from $14.08 to $14.04. During the last trading day the stock fluctuated 6.50% from a day low at $13.24 to a day high of $14.10. The price has been going up and down for this period, and there has been a 6.53% gain for the last 2 weeks. Volume has increased on the last day by 77 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 81 thousand shares were bought and sold for approximately $1.13 million.
The stock lies the upper part of a wide and falling 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 $14.07 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.87% during the next 3 months and, with a 90% probability hold a price between $12.21 and $13.67 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
KPCPY Signals & Forecast
The Kasikornbank Public Company Ltd 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 $13.64 and $13.52. 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). 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 Friday, April 12, 2024, and so far it has fallen -0.284%. Further fall is indicated until a new bottom pivot has been found. Kasikornbank Public Company Ltd gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Kasikornbank Public Company Ltd stock
Kasikornbank Public Company Ltd finds support from accumulated volume at $13.77 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 $0.86 (6.50%) between high and low. For the last week, the stock has had daily average volatility of 4.36%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KPCPY) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Kasikornbank Public Company Ltd to open at $13.79, and during the day (based on 14 day Average True Range), to move between $13.38 and $14.70, which gives a possible trading interval of +/-$0.655 (+/-4.67%) up or down from last closing price. If Kasikornbank Public Company Ltd takes out the full calculated possible swing range there will be an estimated 9.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.77 (1.92%) than the resistance at $14.67 (4.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kasikornbank Public Company Ltd stock A Buy?
Kasikornbank Public Company Ltd holds several negative signals and we believe that 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 Buy to a Sell candidate.
Current score: -1.257 Sell Candidate Downgraded
Predicted Opening Price for Kasikornbank Public Company Ltd of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $13.79 ( 1.76%) | $14.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KPCPY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.65 | 4.37 % | |
| R2 | 14.32 | 2.03 % | ||
| R1 | 14.12 | 0.583 % | ||
| Current price: | 14.04 | |||
| Support | S1 | 13.46 | -4.10 % | |
| S2 | 13.26 | -5.54 % | ||
| S3 | 12.93 | -7.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.80 | 5.41 % | |
| R2 | 14.70 | 4.70 % | ||
| R1 | 14.67 | 4.49 % | ||
| Current price | 14.04 | |||
| Support | S1 | 13.77 | -1.92% | |
| S2 | 13.56 | -3.42% | ||
| S3 | 13.05 | -7.05% |
KPCPY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | Apr 22, 2024 | May 28, 2024 | $0.0860 | 0.613% |
| 2 | Aug 31, 2023 | Sep 12, 2023 | Oct 16, 2023 | $0.0570 | 0.408% |
| 3 | Jul 13, 2023 | Apr 14, 2023 | May 18, 2023 | $0.403 | 2.57% |
| 4 | Sep 01, 2022 | Sep 06, 2022 | Oct 10, 2022 | $0.0560 | 0.384% |
| 5 | Apr 14, 2022 | Apr 14, 2022 | May 23, 2022 | $0.328 | 1.94% |
FAQ
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