Wallenius Wilhelmsen ASA Stock Forecast
Wallenius Wilhelmsen ASA stock price up 0.500% on Monday
(Updated on Apr 22, 2024)
The Wallenius Wilhelmsen ASA stock price gained 0.500% on the last trading day (Monday, 22nd Apr 2024), rising from kr100.00 to kr100.50. During the last trading day the stock fluctuated 1.86% from a day low at kr99.65 to a day high of kr101.50. The price has risen in 6 of the last 10 days and is up by 8.06% over the past 2 weeks. Volume fell on the last day by -503 thousand shares and in total, 235 thousand shares were bought and sold for approximately kr23.63 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.80% during the next 3 months and, with a 90% probability hold a price between kr70.89 and kr93.17 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
WAWI.OL Signals & Forecast
Mostly positive signals in the chart today. The Wallenius Wilhelmsen ASA 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 kr98.51 and kr94.27. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 07, 2024, and so far it has risen 15.38%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Wallenius Wilhelmsen ASA stock
Wallenius Wilhelmsen ASA finds support from accumulated volume at kr95.80 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 kr1.85 between high and low, or 1.86%. For the last week, the stock has had daily average volatility of 2.38%.
Our recommended stop-loss: kr97.51 (-2.98%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (WAWI.OL) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Wallenius Wilhelmsen ASA to open at kr100.55, and during the day (based on 14 day Average True Range), to move between kr97.44 and kr103.56, which gives a possible trading interval of +/-kr3.06 (+/-3.05%) up or down from last closing price. If Wallenius Wilhelmsen ASA takes out the full calculated possible swing range there will be an estimated 6.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr104.40 (3.88%) than the support at kr95.80 (4.68%), 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 Wallenius Wilhelmsen ASA stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.983 Buy Candidate Unchanged
Predicted Opening Price for Wallenius Wilhelmsen ASA of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| kr100.55 ( 0.0498%) | kr100.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WAWI.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 102.40 | 1.89 % | |
| R2 | 101.69 | 1.19 % | ||
| R1 | 101.26 | 0.753 % | ||
| Current price: | 100.50 | |||
| Support | S1 | 99.84 | -0.653 % | |
| S2 | 99.41 | -1.09 % | ||
| S3 | 98.70 | -1.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 108.90 | 8.36 % | |
| R2 | 107.00 | 6.47 % | ||
| R1 | 104.40 | 3.88 % | ||
| Current price | 100.50 | |||
| Support | S1 | 95.80 | -4.68% | |
| S2 | 89.45 | -11.00% | ||
| S3 | 87.10 | -13.33% |
WAWI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 22, 2024 | May 22, 2024 | May 29, 2024 | kr7.15 | 7.12% |
| 2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | kr0.510 | 0.658% |
| 3 | Nov 09, 2022 | Nov 09, 2022 | Nov 09, 2022 | kr0.615 | 0.624% |
| 4 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | kr0.0900 | 0.159% |
| 5 | Nov 12, 2019 | Nov 12, 2019 | Nov 12, 2019 | kr0.548 | 2.50% |
FAQ
Click here for our free guide on how to buy Wallenius Wilhelmsen ASA Stock.
