Winmark Corporation Stock Forecast

Red day on Friday for Winmark Corporation stock after losing 0.535%
(Updated on May 17, 2024)

WINA Signals & Forecast

The Winmark Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $374.14. On a fall, the stock will find some support from the long-term average at approximately $361.13. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -3.07%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Winmark Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $348.10 and $346.20. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Winmark Corporation finds support just below today's level at $348.10. If this is broken, then the next support from accumulated volume will be at $346.20 and $346.10.

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 $4.62 (1.25%) between high and low. For the last week, the stock has had daily average volatility of 1.86%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (WINA) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Winmark Corporation to open at $372.73, and during the day (based on 14 day Average True Range), to move between $363.50 and $380.30, which gives a possible trading interval of +/-$8.40 (+/-2.26%) up or down from last closing price. If Winmark Corporation takes out the full calculated possible swing range there will be an estimated 4.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $378.15 (1.68%) than the support at $348.10 (6.40%), 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 Winmark Corporation stock A Buy?

Winmark Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.085 Sell Candidate Unchanged

Predicted Opening Price for Winmark Corporation of Monday, May 20, 2024

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