Wheaton Precious Metals Corp. Stock Forecast
Wheaton Precious Metals Corp. stock price up 0.194% on Thursday
(Updated on May 16, 2024)
The Wheaton Precious Metals Corp. stock price gained 0.194% on the last trading day (Thursday, 16th May 2024), rising from 51.62€ to 51.72€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.53% from a day low at 51.00€ to a day high of 51.78€. The price has risen in 7 of the last 10 days and is up by 4.34% over the past 2 weeks. Volume fell on the last day by -75 shares and in total, 3 thousand shares were bought and sold for approximately 140.11€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 50.45€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 38.62% during the next 3 months and, with a 90% probability hold a price between 69.94€ and 79.27€ at the end of this 3-month period.
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SII.F Signals & Forecast
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 51.12€ and 48.46€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 26, 2024, and so far it has risen 44.27%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Wheaton Precious Metals Corp. stock
Wheaton Precious Metals Corp. finds support from accumulated volume at 51.32€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 0.780€ between high and low, or 1.53%. For the last week the stock has had daily average volatility of 2.06%.
Our recommended stop-loss: 50.04€ (-3.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 55 days ago.)
Trading Expectations (SII.F) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Wheaton Precious Metals Corp. to open at 51.50€, and during the day (based on 14 day Average True Range), to move between 50.57€ and 52.87€, which gives a possible trading interval of +/-1.15€ (+/-2.22%) 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 4.43% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 51.32€, some 0.400€ (0.77%) from the current price of 51.72€, our system finds the risk reward attractive.
Is Wheaton Precious Metals Corp. stock A Buy?
Wheaton Precious Metals Corp. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.187 Strong Buy Candidate Unchanged
Predicted Opening Price for Wheaton Precious Metals Corp. of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| 51.50€ ( 0.425%) | 51.72€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SII.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 52.28 | 1.08 % | |
| R2 | 51.98 | 0.507 % | ||
| R1 | 51.80 | 0.151 % | ||
| Current price: | 51.72 | |||
| Support | S1 | 51.20 | -1.00 % | |
| S2 | 51.02 | -1.36 % | ||
| S3 | 50.72 | -1.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 51.72 | |||
| Support | S1 | 51.32 | -0.773% | |
| S2 | 50.18 | -2.98% | ||
| S3 | 46.82 | -9.47% |
SII Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2024 | May 29, 2024 | Jun 11, 2024 | 0.144€ | 0% |
| 2 | Apr 02, 2024 | Apr 02, 2024 | Apr 15, 2024 | 0.142€ | 0% |
| 3 | Nov 27, 2023 | Nov 27, 2023 | Nov 27, 2023 | 0€ | 0% |
| 4 | Aug 24, 2023 | Aug 24, 2023 | Aug 24, 2023 | 0.150€ | 0% |
| 5 | May 18, 2023 | May 18, 2023 | May 18, 2023 | 0.150€ | 0% |
FAQ
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