Wallenius Wilhelmsen Asa Stock Forecast

Green day on Wednesday for Wallenius Wilhelmsen Asa stock after gaining 0.85%
(Updated on Jun 26, 2024)

0N0B.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 13.11%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Wallenius Wilhelmsen Asa 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 £109.26. On a fall, the stock will find some support from the short-term average at £100.55. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Wallenius Wilhelmsen Asa stock

On the downside, the stock finds support just below today's level from accumulated volume at £99.03 and £96.20. 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, Wallenius Wilhelmsen Asa finds support just below today's level at £99.03. If this is broken, then the next support from accumulated volume will be at £96.20 and £91.55.

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 £2.10 between high and low, or 1.99%. For the last week, the stock has had daily average volatility of 1.78%.

Since the Wallenius Wilhelmsen Asa has been rising for 6 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.

Our recommended stop-loss: £101.16 (-4.65%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 26 days ago.)

Trading Expectations (0N0B.L) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Wallenius Wilhelmsen Asa to open at £106.33, and during the day (based on 14 day Average True Range), to move between £102.65 and £109.52, which gives a possible trading interval of +/-£3.43 (+/-3.24%) up or down from last closing price. If Wallenius Wilhelmsen Asa takes out the full calculated possible swing range there will be an estimated 6.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £113.00 (6.52%) than the support at £99.03 (6.65%), 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?

Wallenius Wilhelmsen Asa 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: -0.110 Hold/Accumulate Unchanged

Predicted Opening Price for Wallenius Wilhelmsen Asa of Thursday, June 27, 2024

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