Wheaton Precious Metals Corp Stock Forecast
Evaluation of Wheaton Precious Metals Corp stock downgraded after the last trading session.
(Updated on May 10, 2024)
The Wheaton Precious Metals Corp stock price fell by -0.117% on the last day (Friday, 10th May 2024) from 51.38€ to 51.32€. During the last trading day the stock fluctuated 4.26% from a day low at 50.72€ to a day high of 52.88€. The price has risen in 6 of the last 10 days and is up by 3.68% over the past 2 weeks. Volume has increased on the last day by 5 thousand 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, 5 thousand shares were bought and sold for approximately 275.59€ thousand.
The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 51.62€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 38.70% during the next 3 months and, with a 90% probability hold a price between 66.43€ and 71.59€ at the end of this 3-month period.
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SII.DE Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -0.117%. 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). Wheaton Precious Metals Corp 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 Wheaton Precious Metals Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 50.14€ and 47.34€. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Wheaton Precious Metals Corp stock
Wheaton Precious Metals Corp finds support from accumulated volume at 50.18€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 2.16€ (4.26%) between high and low. For the last week, the stock has had daily average volatility of 2.07%.
Our recommended stop-loss: 49.87€ (-2.82%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (SII.DE) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Wheaton Precious Metals Corp to open at 51.64€, and during the day (based on 14 day Average True Range), to move between 50.11€ and 52.53€, which gives a possible trading interval of +/-1.21€ (+/-2.36%) up or down from last closing price. If Wheaton Precious Metals Corp takes out the full calculated possible swing range there will be an estimated 4.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 51.38€ (0.12%) than the support at 50.18€ (2.22%), 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 Wheaton Precious Metals Corp stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Wheaton Precious Metals Corp stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.866 Buy Candidate Downgraded
Predicted Opening Price for Wheaton Precious Metals Corp of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| 51.64€ ( 0.624%) | 51.32€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SII.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.80 | 4.83 % | |
| R2 | 52.97 | 3.22 % | ||
| R1 | 52.47 | 2.23 % | ||
| Current price: | 51.32 | |||
| Support | S1 | 50.81 | -0.98 % | |
| S2 | 50.31 | -1.98 % | ||
| S3 | 49.48 | -3.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 51.38 | 0.117 % | ||
| Current price | 51.32 | |||
| Support | S1 | 50.18 | -2.22% | |
| S2 | 46.82 | -8.77% | ||
| S3 | 42.05 | -18.06% |
SII Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 02, 2024 | Apr 02, 2024 | Apr 15, 2024 | 0.142€ | 0.295% |
| 2 | Nov 27, 2023 | Nov 27, 2023 | Nov 27, 2023 | 0€ | 0% |
| 3 | Aug 24, 2023 | Aug 24, 2023 | Aug 24, 2023 | 0.150€ | 0.383% |
| 4 | May 18, 2023 | May 18, 2023 | May 18, 2023 | 0.150€ | 0.337% |
| 5 | Mar 23, 2023 | Mar 23, 2023 | Mar 23, 2023 | 0.150€ | 0.348% |
FAQ
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