Bangkok Bank PCL (BKK:BBL) Long Term Value

Bangkok Bank PCL (BKK:BBL) Long Term Value

Bangkok Bank PCL (BKK:BBL) Long Term Value

  • Not performing loans etc. are already priced in here
  • The regional outlook is strong and the domestic market will continue to grow
  • Fundamentals are sound, stock retains a HEFFX buy rating

Overall, the bias in prices is: Sideways.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 183.77.

The projected lower bound is: 174.33.

The projected closing price is: 179.05.

BANGKOK BANK closed down -2.500 at 179.000. Volume was 117% above average (neutral) and Bollinger Bands were 0% wider than normal.

Open           High           Low              Close          Volume
181.000      181.500      177.000      179.000      8,013,300

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish

Moving Averages: 10-period        50-period      200-period
Close:                       180.55             181.93             169.68
Volatility:                11                      16                    22
Volume:                   4,357,840      3,678,778      4,289,086

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 is currently 5.5% above its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of BBL.BK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on BBL.BK and have had this outlook for the last 13 periods.

HEFFX Momentum
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.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 32.1429. This is not an overbought or oversold reading. The last signal was a sell 2 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 41.98. 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 45 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 -74. This is not a topping or bottoming area. The last signal was a buy 12 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 sell 0 period(s) ago.

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John Heffernan

John Heffernan is an Analyst at HEFFX. John is a BSc in Economics with Honors from the University of Buckingham, and is a contributor on equities at Live Trading News.

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