RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of WASH
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Weaker technical forecast for Washington Trust Bancorp as stock downgraded to Hold/Accumulate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 26, 2024 Gain 2.13% PDF

The Washington Trust Bancorp stock price fell by -2.15% on the last day (Thursday, 28th Mar 2024) from $27.47 to $26.88. During the last trading day the stock fluctuated 1.33% from a day low at $26.73 to a day high of $27.09. The price has risen in 6 of the last 10 days and is up by 7.69% over the past 2 weeks. Volume has increased on the last day by 14 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 100 thousand shares were bought and sold for approximately $2.68 million.

The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $27.37 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -17.76% during the next 3 months and, with a 90% probability hold a price between $19.54 and $22.51 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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WASH Signals & Forecast

The Washington Trust Bancorp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $26.45 and $26.07. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 9.58%. 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. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Washington Trust Bancorp stock

Washington Trust Bancorp finds support from accumulated volume at $25.82 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.355 between high and low, or 1.33%. For the last week, the stock has had daily average volatility of 2.70%.

Our recommended stop-loss: $26.10 (-2.90%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (WASH) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Washington Trust Bancorp to open at $26.90, and during the day (based on 14 day Average True Range), to move between $26.06 and $27.70, which gives a possible trading interval of +/-$0.82 (+/-3.07%) up or down from last closing price. If Washington Trust Bancorp takes out the full calculated possible swing range there will be an estimated 6.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $27.36 (1.79%) than the support at $25.82 (3.94%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Washington Trust Bancorp stock A Buy?

Washington Trust Bancorp 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.661 Hold/Accumulate Downgraded

Predicted Opening Price for Washington Trust Bancorp of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$26.90 ( 0.0682%) $26.88

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

Trading levels for WASH

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 27.25 1.39 %
R2 27.12 0.88 %
R1 27.03 0.573 %
Current price: 26.88
Support S1 26.76 -0.436 %
S2 26.68 -0.748 %
S3 26.54 -1.25 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 29.19 8.59 %
R2 27.81 3.46 %
R1 27.36 1.79 %
Current price 26.88
Support S1 25.82 -3.94%
S2 25.74 -4.24%
S3 25.15 -6.44%

WASH Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 28, 2024 Mar 28, 2024 Apr 12, 2024 $0.560 2.08%
2 Dec 21, 2023 Dec 29, 2023 Jan 12, 2024 $0.560 1.87%
3 Sep 21, 2023 Sep 29, 2023 Oct 12, 2023 $0.560 2.12%
4 Jun 15, 2023 Jun 30, 2023 Jul 13, 2023 $0.560 2.04%
5 Mar 16, 2023 Mar 31, 2023 Apr 13, 2023 $0.560 1.68%

FAQ

What is the symbol for Washington Trust Bancorp Stock and on which exchange is it traded?
The symbol for Washington Trust Bancorp is WASH and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Washington Trust Bancorp Stock?
Washington Trust Bancorp 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Washington Trust Bancorp Stock?
Washington Trust Bancorp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Washington Trust Bancorp Stock.

What's the current price of Washington Trust Bancorp Stock?
As of the end of day on the 2024-03-28, the price of an Washington Trust Bancorp (WASH) share was $26.88.

What is the 52-week high and low for Washington Trust Bancorp Stock?
The 52-week high for Washington Trust Bancorp Stock is $35.93 and the 52-week low is $21.69.

What is the market capitalization of Washington Trust Bancorp Stock?
As of the 2024-03-28, the market capitalization of Washington Trust Bancorp is 457.852M.

When is the next earnings date for Washington Trust Bancorp?
The upcoming earnings date for Washington Trust Bancorp is Apr 22, 2024.
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About Washington Trust Bancorp

Washington Trust Ban Washington Trust Bancorp, Inc. operates as the bank holding company for The Washington Trust Company, of Westerly that offers various banking and financial services to individuals and businesses. The company operates in two segments, Commercial Banking and Wealth Management Services. The Commercial Banking segment provides various commercial and retail lending products, such as commercial real estate loans, including commercial mortgages and cons... WASH Profile

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