Bangkok Bank PCL (BKK:BBL) HEFFX Outlook
Overall, the bias in prices is: Upwards.
Short term: Prices are stalling.
Intermediate term: Prices are trending.
The projected upper bound is: 188.63.
The projected lower bound is: 178.69.
The projected closing price is: 183.66.
BANGKOK BANK closed down -4.500 at 183.500. Volume was 175% above average (trending) and Bollinger Bands were 16% narrower than normal.
Open High Low Close Volume
187.000 187.500 183.000 183.500 9,109,800
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 184.20 181.58 168.49
Volatility: 24 17 23
Volume: 5,321,580 3,296,432 4,394,194
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
Bangkok Bank Summary
BANGKOK BANK is currently 8.9% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of BBL.BK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on BBL.BK and have had this outlook for the last 5 periods.
HEFFX Candlesticks Bangkok Bank
A big black candle occurred. This is bearish, as prices closed significantly lower than they opened. If the candle appears when prices are “high,” it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area (e.g., a moving average, trendline, or price resistance level), the long black candle adds credibility to the resistance. Similarly, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.
During the past 10 bars, there have been 5 white candles and 3 black candles for a net of 2 white candles. During the past 50 bars, there have been 23 white candles and 15 black candles for a net of 8 white candles.
Separating lines occurred. If the lines occur during an uptrend (which appears to be the case with BANGKOK BANK) and the first line is black and the second is white (which is not the case with BANGKOK BANK) then this suggests that the uptrend should continue.
If the separating lines occur during a downtrend and the first line is white and the second is black (which is the case with BANGKOK BANK) then this suggests that the downtrend should continue.
HEFFX Momentum Bangkok Bank
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 61.5385. This is not an overbought or oversold reading. The last signal was a sell 1 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 51.66. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 30 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 39. This is not a topping or bottoming area. The last signal was a sell 0 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 4 period(s) ago.
Bangkok Bank Public Company Limited is a Thailand-based commercial bank. The Company serves retail customers, small and medium size enterprises (SME), and corporate. Its products and services include cash management, project financing, custodial services, syndicated loan management services, trade finance advice, home loans, foreign currency services, cash advances, money transfer, wealth and asset management, currency exchange services, electronic business services and credit card services. The Company operates branches throughout the country and overseas branches, such as China, Hong Kong, the United States, the United Kingdom, Singapore, Indonesia, Laos, Vietnam, the Philippines and others.
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