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

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

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

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 19.49.

The projected upper bound is: 21.49.

The projected lower bound is: 19.97.

The projected closing price is: 20.73.

BANPU closed down -0.400 at 20.700. Volume was 13% below average (neutral) and Bollinger Bands were 66% wider than normal.

Open         High         Low            Close         Volume
21.000      21.100      20.600      20.700      49,280,700

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

Moving Averages: 10-period        50-period         200-period
Close:                      20.49                19.62                 17.92
Volatility:               34                      24                      42
Volume:                 73,072,200      53,707,068      90,778,432

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 15.5% above its 200-period moving average and is in an upward trend. Volatility is 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 13 periods.

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

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 62.5001. This is not an overbought or oversold reading. The last signal was a sell 5 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 61.41. This is not a topping or bottoming area. However, the RSI just crossed below 70 from a topping formation. This is a bearish sign. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 0 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 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 13 period(s) ago.

Banpu Public Company Limited is a Thailand-based company engaged in coal mining and power businesses. The Company’s business operations are divided into two segments: coal and power. The Company and its subsidiaries operate coal and coal-related businesses ranging from investment, exploration and development to production of both thermal and coking coals in Thailand and overseas, which are mainly in Indonesia, the People’s Republic of China, Australia and Mongolia. The core activities lie in open-pit and underground coal mining operations, as well as coal-fired power generations. The Company also operates the private power plant development projects in Thailand, such as the Hongsa power plant project in Laos.

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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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