Krung Thai Bank Public Company Limited Stock Forecast
Krung Thai Bank Public Company Limited stock price up 1.14% on Friday
(Updated on Jun 14, 2024)
The Krung Thai Bank Public Company Limited stock price gained 1.14% on the last trading day (Friday, 14th Jun 2024), rising from ฿17.50 to ฿17.70. During the last trading day the stock fluctuated 1.71% from a day low at ฿17.50 to a day high of ฿17.80. The price has risen in 5 of the last 10 days and is up by 4.12% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 23 million shares were bought and sold for approximately ฿398.48 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 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 ฿17.80 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.25% during the next 3 months and, with a 90% probability hold a price between ฿17.69 and ฿18.92 at the end of this 3-month period.
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KTB-R.BK Signals & Forecast
The Krung Thai Bank 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 ฿17.53 and ฿16.99. 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). 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. A sell signal was issued from a pivot top point on Monday, June 10, 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 Krung Thai Bank Public Company Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ฿16.80 and ฿16.60. 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, Krung Thai Bank Public Company Limited finds support just below today's level at ฿16.80. If this is broken, then the next support from accumulated volume will be at ฿16.60 and ฿16.20.
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 ฿0.300 between high and low, or 1.71%. For the last week the stock has had daily average volatility of 1.49%.
Our recommended stop-loss: ฿17.12 (-3.26%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (KTB-R.BK) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Krung Thai Bank Public Company Limited to open at ฿17.67, and during the day (based on 14 day Average True Range), to move between ฿17.39 and ฿18.01, which gives a possible trading interval of +/-฿0.306 (+/-1.73%) up or down from last closing price. If Krung Thai Bank Public Company Limited takes out the full calculated possible swing range there will be an estimated 3.46% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ฿16.80, some ฿0.90 (5.08%) from the current price of ฿17.70, our system finds the risk reward attractive.
Is Krung Thai Bank 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 Krung Thai Bank Public Company Limited stock to perform well in the short-term.
Current score: 3.636 Buy Candidate Unchanged
Predicted Opening Price for Krung Thai Bank Public Company Limited of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| ฿17.67 ( 0.188%) | ฿17.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KTB-R.BK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.97 | 1.51% |
| R2 | 17.85 | 0.86% |
| R1 | 17.78 | 0.459% |
| Price | 17.70 | |
| S1 | 17.55 | -0.84% |
| S2 | 17.48 | -1.24% |
| S3 | 17.37 | -1.88% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 17.70 | |
| S1 | 16.80 | -5.08% |
| S2 | 16.60 | -6.21% |
| S3 | 16.20 | -8.47% |
KTB-R Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 17, 2024 | Apr 17, 2024 | May 03, 2024 | ฿0.87 | 5.17% |
| 2 | Apr 18, 2023 | Apr 18, 2023 | Apr 18, 2023 | ฿0.682 | 4.08% |
| 3 | Apr 20, 2022 | Apr 20, 2022 | Apr 20, 2022 | ฿0.418 | 3.19% |
| 4 | Apr 21, 2021 | Apr 21, 2021 | Apr 21, 2021 | ฿0.275 | 2.37% |
| 5 | Apr 21, 2020 | Apr 21, 2020 | Apr 21, 2020 | ฿0.753 | 6.91% |
FAQ
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