Siri Prime Office Property Fund Trust 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
Strong day for Siri Prime Office Property Fund trust price on Friday rising 13.19% to ฿8.15
(Updated on Jun 28, 2024)
The Siri Prime Office Property Fund trust price gained 13.19% on the last trading day (Friday, 28th Jun 2024), rising from ฿7.20 to ฿8.15. During the last trading day the trust fluctuated 0% from a day low at ฿8.15 to a day high of ฿8.15. The price has been going up and down for this period, and there has been a 12.41% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 100 more shares were traded than the day before. In total, 100 shares were bought and sold for approximately ฿815.00 .
The trusthas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is ฿8.13, a level that may pose a second chance to hit a runner. According to fan-theory ฿9.65 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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SIRIP.BK Signals & Forecast
The Siri Prime Office Property Fund trust holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the trust has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ฿7.69 and ฿8.02. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 13.99%. Further rise is indicated until a new top pivot has been found. Siri Prime Office Property Fund 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Siri Prime Office Property Fund trust
Siri Prime Office Property Fund finds support from accumulated volume at ฿7.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the trust tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the trust moved ฿0 between high and low, or 0%. For the last week the trust has had daily average volatility of 0%.
Our recommended stop-loss: ฿7.81 (-4.16%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (SIRIP.BK) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Siri Prime Office Property Fund to open at ฿8.15, and during the day (based on 14 day Average True Range), to move between ฿7.66 and ฿8.64, which gives a possible trading interval of +/-฿0.493 (+/-6.05%) up or down from last closing price. If Siri Prime Office Property Fund takes out the full calculated possible swing range there will be an estimated 12.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿7.95 (2.45%) than the resistance at ฿8.45 (3.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Siri Prime Office Property Fund trust A Buy?
Siri Prime Office Property Fund holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Siri Prime Office Property Fund of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ฿8.15 ( 0%) | ฿8.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SIRIP.BK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.15 | - |
| R2 | 8.15 | - |
| R1 | 8.15 | - |
| Price | 8.15 | |
| S1 | 8.15 | - |
| S2 | 8.15 | - |
| S3 | 8.15 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.95 | 9.82% |
| R2 | 8.80 | 7.98% |
| R1 | 8.45 | 3.68% |
| Price | 8.15 | |
| S1 | 7.95 | -2.45% |
| S2 | 7.90 | -3.07% |
| S3 | 7.25 | -11.04% |
FAQ
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