Kasikornbank Public Company Ltd 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
Green day on Friday for Kasikornbank Public Company Ltd
(Updated on May 03, 2024)
The Kasikornbank Public Company Ltd stock price gained 2.43% on the last trading day (Friday, 3rd May 2024), rising from $14.15 to $14.49. During the last trading day the stock fluctuated 5.81% from a day low at $13.78 to a day high of $14.58. The price has risen in 5 of the last 10 days and is up by 8.05% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 10 thousand shares were bought and sold for approximately $138.44 thousand.
The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $14.20, a level that may pose a second chance to hit a runner. According to fan-theory $15.20 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
KPCPY Signals & Forecast
Mostly positive signals in the chart today. 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 $14.03 and $13.59. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 10.60%. 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). Kasikornbank Public Company Ltd has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Kasikornbank Public Company Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at $13.60 and $13.56. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Kasikornbank Public Company Ltd finds support just below today's level at $13.60. If this is broken, then the next support from accumulated volume will be at $13.56 and $13.05.
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 $0.80 (5.81%) between high and low. For the last week, the stock has had daily average volatility of 3.60%.
Our recommended stop-loss: $13.88 (-4.18%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (KPCPY) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Kasikornbank Public Company Ltd to open at $14.28, and during the day (based on 14 day Average True Range), to move between $13.88 and $15.10, which gives a possible trading interval of +/-$0.608 (+/-4.19%) 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 8.39% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $13.60, some $0.89 (6.14%) from the current price of $14.49, our system finds the risk reward attractive.
Is Kasikornbank Public Company Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for Kasikornbank Public Company Ltd stock to perform well in the short-term period. Due to a possible false trend-break listing stock as pure buy candidate is held back.
Current score: 3.597 Buy Candidate Unchanged
Predicted Opening Price for Kasikornbank Public Company Ltd of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$14.28 ( 1.42%) | $14.49 |
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 | 15.08 | 4.10 % | |
R2 | 14.78 | 1.99 % | ||
R1 | 14.59 | 0.687 % | ||
Current price: | 14.49 | |||
Support | S1 | 13.98 | -3.53 % | |
S2 | 13.79 | -4.83 % | ||
S3 | 13.48 | -6.94 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 14.49 | |||
Support | S1 | 13.60 | -6.14% | |
S2 | 13.56 | -6.41% | ||
S3 | 13.05 | -9.93% |
KPCPY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 22, 2024 | Apr 22, 2024 | May 28, 2024 | $0.0860 | 0.594% |
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
Click here for our free guide on how to buy Kasikornbank Public Company Ltd Stock.