Banpu PCL (BKK:BANPU) Thailand HEFFX Outlook (16/4/17)

Banpu PCL (BKK:BANPU) Thailand HEFFX Outlook (16/4/17)

Banpu PCL (BKK:BANPU) Thailand HEFFX Outlook (16/4/17)

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 19.45.

The projected upper bound is: 21.88.

The projected lower bound is: 20.40.

The projected closing price is: 21.14.

BANPU closed unchanged at 21.100. Volume was 4% below average (neutral) and Bollinger Bands were 67% wider than normal.

Open        High          Low           Close        Volume
21.100      21.400      21.000      21.100      54,296,500

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period         50-period         200-period
Close:                      20.42                 19.60                 17.88
Volatility:               31                        24                      42
Volume:                  75,999,208      54,023,928      91,290,632

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.

Banpu Summary
BANPU is currently 18.0% above its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into BANPU.BK (mildly bullish). Our trend forecasting oscillators are currently bullish on BANPU.BK and have had this outlook for the last 12 periods. Our momentum oscillator is currently indicating that BANPU.BK is currently in an overbought condition. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.

Banpu, Bank, Thailand, Asia, Stock, HEFFX, Shayne Heffernan, Outlook

HEFFX Candlesticks Banpu

During the past 10 bars, there have been 6 white candles and 2 black candles for a net of 4 white candles. During the past 50 bars, there have been 19 white candles and 21 black candles for a net of 2 black candles.

A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).

HEFFX Momentum Banpu

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 67.6471. This is not an overbought or oversold reading. The last signal was a sell 4 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 70.33. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 4 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 133.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 2 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 12 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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