Will Semiconductor Co., Ltd. Stock Forecast
Green day on Friday for Will Semiconductor Co., Ltd. stock after gaining 0.293%
(Updated on Jun 28, 2024)
The Will Semiconductor Co., Ltd. stock price gained 0.293% on the last trading day (Friday, 28th Jun 2024), rising from $99.08 to $99.37. During the last trading day the stock fluctuated 1.94% from a day low at $98.75 to a day high of $100.67. The price has been going up and down for this period, and there has been a -3.04% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 10 million shares were bought and sold for approximately $1.03 billion.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.84% during the next 3 months and, with a 90% probability hold a price between $99.68 and $110.57 at the end of this 3-month period.
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603501.SS Signals & Forecast
Furthermore, there is a buy 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Will Semiconductor Co., Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $101.25 and $99.69. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -5.18%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Will Semiconductor Co., Ltd. stock
Will Semiconductor Co., Ltd. finds support from accumulated volume at $96.55 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 $1.92 between high and low, or 1.94%. For the last week, the stock has had daily average volatility of 2.74%.
Our recommended stop-loss: $95.23 (-4.16%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (603501.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Will Semiconductor Co., Ltd. to open at $99.60, and during the day (based on 14 day Average True Range), to move between $96.68 and $102.06, which gives a possible trading interval of +/-$2.69 (+/-2.71%) up or down from last closing price. If Will Semiconductor Co., Ltd. takes out the full calculated possible swing range there will be an estimated 5.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $96.55 (2.84%) than the resistance at $102.30 (2.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Will Semiconductor Co., Ltd. stock A Buy?
Will Semiconductor Co., Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.509 Hold/Accumulate Unchanged
Predicted Opening Price for Will Semiconductor Co., Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $99.60 ( 0.228%) | $99.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 603501.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 101.52 | 2.16% |
| R2 | 100.78 | 1.42% |
| R1 | 100.33 | 0.97% |
| Price | 99.37 | |
| S1 | 98.86 | -0.510% |
| S2 | 98.41 | -0.97% |
| S3 | 97.68 | -1.70% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 102.63 | 3.28% |
| R2 | 102.49 | 3.14% |
| R1 | 102.30 | 2.95% |
| Price | 99.37 | |
| S1 | 96.55 | -2.84% |
| S2 | 95.07 | -4.33% |
| S3 | 93.31 | -6.10% |
603501 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 31, 2023 | Jul 31, 2023 | Jul 31, 2023 | $0.0840 | 0.0819% |
| 2 | Jul 28, 2022 | Jul 28, 2022 | Jul 28, 2022 | $0.520 | 0.482% |
| 3 | Jun 30, 2021 | Jun 30, 2021 | Jun 30, 2021 | $0.233 | 0.0978% |
| 4 | Jul 24, 2020 | Jul 24, 2020 | Jul 24, 2020 | $0.0519 | 0.0351% |
| 5 | Jul 04, 2019 | Jul 04, 2019 | Jul 04, 2019 | $0.133 | 0.339% |
FAQ
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