WR Berkley Corporation Stock Forecast
WR Berkley Corporation stock price up 1.75% on Friday
(Updated on Apr 19, 2024)
The WR Berkley Corporation stock price gained 1.75% on the last trading day (Friday, 19th Apr 2024), rising from $80.98 to $82.40. During the last trading day the stock fluctuated 1.75% from a day low at $81.01 to a day high of $82.43. The price has fallen in 6 of the last 10 days and is down by -5.57% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 937 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $160.24 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $80.88 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 6.27% during the next 3 months and, with a 90% probability hold a price between $85.96 and $95.35 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
WRB Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.09%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The WR Berkley Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $84.93. On a fall, the stock will find some support from the short-term average at $81.79. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for WR Berkley Corporation stock
WR Berkley Corporation finds support from accumulated volume at $81.47 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 $1.42 between high and low, or 1.75%. For the last week, the stock has had daily average volatility of 1.64%.
Our recommended stop-loss: $77.68 (-5.73%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (WRB) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect WR Berkley Corporation to open at $81.95, and during the day (based on 14 day Average True Range), to move between $81.04 and $83.76, which gives a possible trading interval of +/-$1.36 (+/-1.66%) up or down from last closing price. If WR Berkley Corporation takes out the full calculated possible swing range there will be an estimated 3.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $83.27 (1.06%) than the support at $81.47 (1.13%), 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.
Earnings coming up
WR Berkley Corporation will release earnings BMO on Tuesday, April 23, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.46. We will update the financials statements for WR Berkley Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.91% in the first trading day after earnings release.
Is WR Berkley Corporation stock A Buy?
WR Berkley Corporation 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.
Current score: 0.564 Hold/Accumulate Unchanged
Predicted Opening Price for WR Berkley Corporation of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $81.95 ( 0.550%) | $82.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WRB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 83.37 | 1.17 % | |
| R2 | 82.82 | 0.515 % | ||
| R1 | 82.49 | 0.108 % | ||
| Current price: | 82.40 | |||
| Support | S1 | 81.40 | -1.21 % | |
| S2 | 81.07 | -1.62 % | ||
| S3 | 80.53 | -2.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 87.26 | 5.90 % | |
| R2 | 85.51 | 3.77 % | ||
| R1 | 83.27 | 1.06 % | ||
| Current price | 82.40 | |||
| Support | S1 | 81.47 | -1.13% | |
| S2 | 80.71 | -2.05% | ||
| S3 | 77.08 | -6.46% |
WRB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 23, 2024 | Mar 01, 2024 | Mar 13, 2024 | $0.110 | 0.129% |
| 2 | Dec 08, 2023 | Dec 18, 2023 | Dec 27, 2023 | $0.110 | 0.157% |
| 3 | Dec 08, 2023 | Dec 15, 2023 | Dec 27, 2023 | $0.440 | 0.628% |
| 4 | Sep 13, 2023 | Sep 22, 2023 | Oct 04, 2023 | $0.610 | 0.96% |
| 5 | Jun 14, 2023 | Jun 23, 2023 | Jun 30, 2023 | $0.110 | 0.185% |
FAQ
Click here for our free guide on how to buy WR Berkley Corporation Stock.
