WesBanco Stock Forecast
WesBanco stock price ended at $28.28 on Friday, after gaining 1.14%.
(Updated on May 03, 2024)
The WesBanco stock price gained 1.14% on the last trading day (Friday, 3rd May 2024), rising from $27.96 to $28.28. 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 1.56% from a day low at $28.16 to a day high of $28.60. The price has been going up and down for this period, and there has been a -0.21% loss for the last 2 weeks. Volume fell on the last day by -46 thousand shares and in total, 86 thousand shares were bought and sold for approximately $2.45 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 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 -3.34% during the next 3 months and, with a 90% probability hold a price between $25.88 and $28.42 at the end of this 3-month period.
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WSBC Signals & Forecast
The WesBanco stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $27.63 and $28.20. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 4.74%. 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.
A buy signal from a double bottom formation was found on Tuesday, April 30, 2024 and based on theory for this formation the price should go up by 9.58% to $30.99 within 10 trading days since signal was issued (Monday, May 06, 2024).
Support, Risk & Stop-loss for WesBanco stock
WesBanco finds support from accumulated volume at $28.23 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.440 (1.56%) between high and low. For the last week, the stock has had daily average volatility of 1.80%.
Our recommended stop-loss: $27.23 (-3.71%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (WSBC) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect WesBanco to open at $28.34, and during the day (based on 14 day Average True Range), to move between $27.57 and $28.99, which gives a possible trading interval of +/-$0.715 (+/-2.53%) up or down from last closing price. If WesBanco takes out the full calculated possible swing range there will be an estimated 5.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $28.31 (0.11%) than the support at $28.23 (0.18%), 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 WesBanco stock A Buy?
WesBanco 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: 0.694 Hold/Accumulate Unchanged
Predicted Opening Price for WesBanco of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $28.34 ( 0.224%) | $28.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WSBC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.78 | 1.78 % | |
| R2 | 28.62 | 1.19 % | ||
| R1 | 28.51 | 0.82 % | ||
| Current price: | 28.28 | |||
| Support | S1 | 28.18 | -0.370 % | |
| S2 | 28.07 | -0.738 % | ||
| S3 | 27.90 | -1.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.68 | 4.95 % | |
| R2 | 28.50 | 0.778 % | ||
| R1 | 28.31 | 0.106 % | ||
| Current price | 28.28 | |||
| Support | S1 | 28.23 | -0.177% | |
| S2 | 28.17 | -0.389% | ||
| S3 | 27.96 | -1.13% |
WSBC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 21, 2024 | Mar 07, 2024 | Apr 01, 2024 | $0.360 | 1.23% |
| 2 | Nov 15, 2023 | Dec 07, 2023 | Jan 02, 2024 | $0.360 | 1.15% |
| 3 | Aug 24, 2023 | Sep 07, 2023 | Oct 02, 2023 | $0.350 | 1.45% |
| 4 | May 24, 2023 | Jun 08, 2023 | Jul 01, 2023 | $0.350 | 1.37% |
| 5 | Feb 23, 2023 | Mar 09, 2023 | Apr 01, 2023 | $0.350 | 1.14% |
FAQ
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