Kasikornbank Public Company Ltd Stock Forecast

Kasikornbank Public Company Ltd stock price ended at $13.65 on Wednesday, after losing 0.430%.
(Updated on Apr 24, 2024)

KPCPY Signals & Forecast

The Kasikornbank Public Company Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock 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 $13.43 and $13.51. 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 4.20%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Kasikornbank Public Company Ltd gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Kasikornbank Public Company Ltd stock

Kasikornbank Public Company Ltd finds support from accumulated volume at $13.60 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 $0.390 (2.94%) between high and low. For the last week, the stock has had daily average volatility of 4.15%.

Our recommended stop-loss: $13.17 (-3.52%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (KPCPY) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Kasikornbank Public Company Ltd to open at $13.52, and during the day (based on 14 day Average True Range), to move between $13.00 and $14.30, which gives a possible trading interval of +/-$0.652 (+/-4.78%) 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 9.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $13.60 (0.37%) than the resistance at $13.77 (0.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Kasikornbank Public Company Ltd stock A Buy?

Kasikornbank Public Company Ltd 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: 0.950 Hold/Accumulate Unchanged

Predicted Opening Price for Kasikornbank Public Company Ltd of Thursday, April 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.