Wendel Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Wendel stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 31, 2024)
The Wendel stock price gained 0.387% on the last trading day (Friday, 31st May 2024), rising from 90.40€ to 90.75€. During the last trading day the stock fluctuated 1.62% from a day low at 89.60€ to a day high of 91.05€. The price has been going up and down for this period, and there has been a -2.63% 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, 26 thousand more shares were traded than the day before. In total, 53 thousand shares were bought and sold for approximately 4.79€ million.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at 89.41€ will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Wendel stock with a 90% probability to be traded between 90.42€ and 98.07€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MF.PA Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 23, 2024, and so far it has risen 1.62%. 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 Wendel 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 93.78€. On a fall, the stock will find some support from the short-term average at 90.66€. 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 Wendel stock
Wendel finds support from accumulated volume at 90.45€ 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 1.45€ between high and low, or 1.62%. For the last week, the stock has had daily average volatility of 1.47%.
Our recommended stop-loss: 85.07€ (-6.26%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (MF.PA) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Wendel to open at 90.47€, and during the day (based on 14 day Average True Range), to move between 89.25€ and 92.25€, which gives a possible trading interval of +/-1.50€ (+/-1.65%) up or down from last closing price. If Wendel takes out the full calculated possible swing range there will be an estimated 3.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 90.45€ (0.33%) than the resistance at 93.05€ (2.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wendel stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Wendel stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.526 Buy Candidate Upgraded
Predicted Opening Price for Wendel of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 90.47€ ( 0.312%) | 90.75€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MF.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 91.92 | 1.29 % | |
| R2 | 91.36 | 0.675 % | ||
| R1 | 91.02 | 0.298 % | ||
| Current price: | 90.75 | |||
| Support | S1 | 89.91 | -0.92 % | |
| S2 | 89.57 | -1.30 % | ||
| S3 | 89.02 | -1.91 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 94.10 | 3.69 % | |
| R2 | 93.70 | 3.25 % | ||
| R1 | 93.05 | 2.53 % | ||
| Current price | 90.75 | |||
| Support | S1 | 90.45 | -0.331% | |
| S2 | 89.75 | -1.10% | ||
| S3 | 89.20 | -1.71% |
MF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 21, 2024 | May 21, 2024 | May 23, 2024 | 4.00€ | 4.48% |
| 2 | Jun 19, 2023 | Jun 19, 2023 | Jun 19, 2023 | 3.20€ | 3.38% |
| 3 | Jun 20, 2022 | Jun 20, 2022 | Jun 20, 2022 | 3.00€ | 3.90% |
| 4 | Jul 01, 2021 | Jul 01, 2021 | Jul 01, 2021 | 2.90€ | 2.60% |
| 5 | Mar 18, 2020 | Jul 07, 2020 | Jul 09, 2020 | 2.80€ | 3.51% |
FAQ
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