Williams-Sonoma Inc Stock Forecast
Green day on Wednesday for Williams-Sonoma Inc stock after gaining 0.154%
(Updated on Apr 24, 2024)
The Williams-Sonoma Inc stock price gained 0.154% on the last trading day (Wednesday, 24th Apr 2024), rising from $285.07 to $285.51. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.30% from a day low at $281.34 to a day high of $287.80. The price has fallen in 6 of the last 10 days and is down by -2.64% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 37 thousand more shares were traded than the day before. In total, 712 thousand shares were bought and sold for approximately $203.26 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $284.10 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 51.77% during the next 3 months and, with a 90% probability hold a price between $431.18 and $534.89 at the end of this 3-month period.
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WSM Signals & Forecast
There are mixed signals in the stock today. The Williams-Sonoma Inc 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 $288.86. On a fall, the stock will find some support from the short-term average at $282.04. 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. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -10.08%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Williams-Sonoma Inc stock
Williams-Sonoma Inc finds support from accumulated volume at $283.87 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 $6.46 between high and low, or 2.30%. For the last week, the stock has had daily average volatility of 2.17%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WSM) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Williams-Sonoma Inc to open at $284.88, and during the day (based on 14 day Average True Range), to move between $277.67 and $293.35, which gives a possible trading interval of +/-$7.84 (+/-2.75%) up or down from last closing price. If Williams-Sonoma Inc takes out the full calculated possible swing range there will be an estimated 5.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $285.65 (0.05%) than the support at $283.87 (0.57%), 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 Williams-Sonoma Inc stock A Buy?
Williams-Sonoma Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.116 Sell Candidate Unchanged
Predicted Opening Price for Williams-Sonoma Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $284.88 ( 0.219%) | $285.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WSM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 291.34 | 2.04 % | |
| R2 | 288.88 | 1.18 % | ||
| R1 | 287.35 | 0.645 % | ||
| Current price: | 285.51 | |||
| Support | S1 | 282.42 | -1.08 % | |
| S2 | 280.89 | -1.62 % | ||
| S3 | 278.42 | -2.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 313.13 | 9.67 % | |
| R2 | 293.24 | 2.71 % | ||
| R1 | 285.65 | 0.0490 % | ||
| Current price | 285.51 | |||
| Support | S1 | 283.87 | -0.574% | |
| S2 | 241.05 | -15.57% | ||
| S3 | 234.90 | -17.73% |
WSM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | Apr 18, 2024 | $0 | 0% |
| 2 | Dec 14, 2023 | Jan 18, 2024 | Feb 23, 2024 | $0.90 | 0.397% |
| 3 | Sep 14, 2023 | Oct 19, 2023 | Nov 24, 2023 | $0.90 | 0.490% |
| 4 | Jun 15, 2023 | Jul 20, 2023 | Aug 25, 2023 | $0.90 | 0.641% |
| 5 | Mar 16, 2023 | Apr 20, 2023 | May 26, 2023 | $0.90 | 0.792% |
FAQ
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