Tipco Asphalt Public Company Limited 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:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
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
Tipco Asphalt Public Company Limited stock price ended at ฿16.00 on Friday, after losing 0%.
(Updated on Jun 28, 2024)
No changes to the price of Tipco Asphalt Public Company Limited stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0.629% from a day low at ฿15.90 to a day high of ฿16.00. The price has fallen in 6 of the last 10 days and is down by -1.23% for this period.
The stock lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ฿15.95 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.07% during the next 3 months and, with a 90% probability hold a price between ฿16.44 and ฿17.94 at the end of this 3-month period.
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TASCO.BK Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 0.629%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tipco Asphalt Public Company Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ฿16.01 and ฿16.35. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Tipco Asphalt Public Company Limited stock
Tipco Asphalt Public Company Limited finds support from accumulated volume at ฿15.90 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 ฿0.1000 (0.629%) between high and low. For the last week, the stock has had daily average volatility of 1.51%.
Our recommended stop-loss: ฿14.99 (-6.30%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (TASCO.BK) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Tipco Asphalt Public Company Limited to open at ฿15.97, and during the day (based on 14 day Average True Range), to move between ฿15.71 and ฿16.29, which gives a possible trading interval of +/-฿0.288 (+/-1.80%) up or down from last closing price. If Tipco Asphalt Public Company Limited takes out the full calculated possible swing range there will be an estimated 3.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ฿15.90 (0.62%) than the resistance at ฿16.10 (0.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tipco Asphalt Public Company Limited stock A Buy?
Tipco Asphalt Public Company Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.575 Hold/Accumulate Unchanged
Predicted Opening Price for Tipco Asphalt Public Company Limited of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
฿15.97 ( 0.208%) | ฿16.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TASCO.BK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 16.07 | 0.417% |
R2 | 16.03 | 0.178% |
R1 | 16.00 | 0.0304% |
Price | 16.00 | |
S1 | 15.93 | -0.447% |
S2 | 15.90 | -0.595% |
S3 | 15.87 | -0.83% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 17.20 | 7.50% |
R2 | 16.40 | 2.50% |
R1 | 16.10 | 0.625% |
Price | 16.00 | |
S1 | 15.90 | -0.625% |
S2 | 15.70 | -1.88% |
S3 | 15.60 | -2.50% |
TASCO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Feb 29, 2024 | Apr 26, 2024 | ฿1.00 | 6.37% |
2 | Aug 23, 2023 | Aug 23, 2023 | Sep 07, 2023 | ฿0.250 | 1.48% |
3 | Mar 02, 2023 | Mar 02, 2023 | Apr 26, 2023 | ฿1.00 | 5.05% |
4 | Nov 22, 2022 | Nov 22, 2022 | Dec 08, 2022 | ฿0.250 | 1.40% |
5 | Mar 02, 2022 | Mar 02, 2022 | Apr 28, 2022 | ฿0.80 | 4.91% |
FAQ
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