Wavestone Sa Stock Forecast
Red day on Wednesday for Wavestone Sa stock after losing 0.379%
(Updated on Jun 26, 2024)
The Wavestone Sa stock price fell by -0.379% on the last day (Wednesday, 26th Jun 2024) from 52.80€ to 52.60€. During the last trading day the stock fluctuated 0.765% from a day low at 52.30€ to a day high of 52.70€. The price has fallen in 8 of the last 10 days and is down by -17.03% for this period. Volume has increased on the last day by 156 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 262 shares were bought and sold for approximately 13.78€ thousand.
Given the current short-term trend, the stock is expected to rise 9.10% during the next 3 months and, with a 90% probability hold a price between 57.39€ and 74.06€ at the end of this 3-month period.
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0G1T.L Signals & Forecast
There are few to no technical positive signals at the moment. The Wavestone Sa stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 54.31€ and 59.57€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -21.14%. 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). Wavestone Sa gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Wavestone Sa stock
Wavestone Sa finds support from accumulated volume at 52.50€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 0.400€ between high and low, or 0.765%. For the last week, the stock has had daily average volatility of 1.28%.
Wavestone Sa is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0G1T.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Wavestone Sa to open at 52.53€, and during the day (based on 14 day Average True Range), to move between 51.33€ and 53.87€, which gives a possible trading interval of +/-1.27€ (+/-2.42%) up or down from last closing price. If Wavestone Sa takes out the full calculated possible swing range there will be an estimated 4.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 52.50€ (0.19%) than the resistance at 53.70€ (2.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wavestone Sa stock A Buy?
The Wavestone Sa stock holds several negative signals and despite the positive trend, we believe Wavestone Sa will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.148 Sell Candidate Unchanged
Predicted Opening Price for Wavestone Sa of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
52.53€ ( 0.127%) | 52.60€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0G1T.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 52.93 | 0.634% |
R2 | 52.78 | 0.343% |
R1 | 52.69 | 0.164% |
Price | 52.60 | |
S1 | 52.38 | -0.417% |
S2 | 52.29 | -0.597% |
S3 | 52.13 | -0.89% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 55.40 | 5.32% |
R2 | 54.70 | 3.99% |
R1 | 53.70 | 2.09% |
Price | 52.60 | |
S1 | 52.50 | -0.190% |
S2 | 0 | - |
S3 | 0 | - |
0G1T Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 31, 2024 | Jul 31, 2024 | Aug 02, 2024 | 0.380€ | 0.722% |
2 | Aug 02, 2023 | Aug 02, 2023 | Aug 02, 2023 | 0.380€ | 0.699% |
3 | Aug 03, 2022 | Aug 03, 2022 | Aug 03, 2022 | 0.380€ | 0.772% |
4 | Aug 02, 2017 | Aug 02, 2017 | Aug 02, 2017 | 0.610€ | 2.42% |
5 | Jul 27, 2016 | Jul 27, 2016 | Jul 27, 2016 | 0.410€ | 2.16% |
FAQ
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