Krung Thai Bank Public Company Limited Stock Forecast
Evaluation of Krung Thai Bank Public Company Limited stock downgraded after the last trading session.
(Updated on Jun 25, 2024)
The Krung Thai Bank Public Company Limited stock price fell by -0.581% on the last day (Tuesday, 25th Jun 2024) from ฿17.20 to ฿17.10. During the last trading day the stock fluctuated 1.75% from a day low at ฿17.10 to a day high of ฿17.40. The price has fallen in 6 of the last 10 days and is down by -2.29% for this period. Volume has increased on the last day by 9 million 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, 25 million shares were bought and sold for approximately ฿426.94 million.
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 5.05% during the next 3 months and, with a 90% probability hold a price between ฿17.47 and ฿18.70 at the end of this 3-month period.
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KTB-R.BK Signals & Forecast
There are few to no technical positive signals at the moment. The Krung Thai 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 ฿17.17 and ฿17.13. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -3.39%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Krung Thai Bank Public Company Limited stock
Krung Thai Bank Public Company Limited finds support from accumulated volume at ฿17.00 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 ฿0.300 between high and low, or 1.75%. For the last week the stock has had daily average volatility of 2.14%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KTB-R.BK) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Krung Thai Bank Public Company Limited to open at ฿17.20, and during the day (based on 14 day Average True Range), to move between ฿16.77 and ฿17.43, which gives a possible trading interval of +/-฿0.327 (+/-1.91%) 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 3.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ฿17.20 (0.58%) than the support at ฿17.00 (0.58%), 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 Krung Thai Bank Public Company Limited stock A Buy?
The Krung Thai Bank Public Company Limited stock holds several negative signals and despite the positive trend, we believe Krung Thai Bank Public Company Limited will perform weakly in the next couple of days or weeks. Therefore, we 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: -3.482 Sell Candidate Downgraded
Predicted Opening Price for Krung Thai Bank Public Company Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ฿17.20 ( 0.585%) | ฿17.10 |
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 | 17.50 | 2.34% |
| R2 | 17.39 | 1.67% |
| R1 | 17.31 | 1.25% |
| Price | 17.10 | |
| S1 | 17.09 | -0.0854% |
| S2 | 17.01 | -0.499% |
| S3 | 16.90 | -1.17% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.70 | 3.51% |
| R2 | 17.50 | 2.34% |
| R1 | 17.20 | 0.585% |
| Price | 17.10 | |
| S1 | 17.00 | -0.585% |
| S2 | 16.60 | -2.92% |
| S3 | 16.20 | -5.26% |
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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