Wheaton Precious Metals Corp. 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
Red day on Friday for Wheaton Precious Metals Corp.
(Updated on Jun 14, 2024)
The Wheaton Precious Metals Corp. stock price fell by -0.0814% on the last day (Friday, 14th Jun 2024) from 49.17€ to 49.13€. During the last trading day the stock fluctuated 2.12% from a day low at 49.06€ to a day high of 50.10€. The price has fallen in 6 of the last 10 days and is down by -4.08% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -102 shares and in total, 675 shares were bought and sold for approximately 33.16€ thousand.
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 48.86€ 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 20.24% during the next 3 months and, with a 90% probability hold a price between 58.76€ and 66.92€ at the end of this 3-month period.
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SII.F Signals & Forecast
There are few to no technical positive signals at the moment. The Wheaton Precious Metals Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 49.56€ and 50.69€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -6.92%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Wheaton Precious Metals Corp. stock
Wheaton Precious Metals Corp. finds support from accumulated volume at 46.82€ 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 1.04€ between high and low, or 2.12%. For the last week the stock has had daily average volatility of 1.56%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SII.F) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Wheaton Precious Metals Corp. to open at 49.43€, and during the day (based on 14 day Average True Range), to move between 48.06€ and 50.20€, which gives a possible trading interval of +/-1.07€ (+/-2.17%) 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 4.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 50.18€ (2.14%) than the support at 46.82€ (4.70%), 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?
The Wheaton Precious Metals Corp. stock holds several negative signals and despite the positive trend, we believe Wheaton Precious Metals Corp. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.077 Sell Candidate Unchanged
Predicted Opening Price for Wheaton Precious Metals Corp. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| 49.43€ ( 0.611%) | 49.13€ |
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 | |
|---|---|---|
| R3 | 50.47 | 2.73% |
| R2 | 50.07 | 1.92% |
| R1 | 49.83 | 1.42% |
| Price | 49.13 | |
| S1 | 49.03 | -0.198% |
| S2 | 48.79 | -0.698% |
| S3 | 48.39 | -1.51% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 52.64 | 7.14% |
| R2 | 51.32 | 4.46% |
| R1 | 50.18 | 2.14% |
| Price | 49.13 | |
| S1 | 46.82 | -4.70% |
| S2 | 46.50 | -5.35% |
| S3 | 44.91 | -8.59% |
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 | Dec 08, 2023 | 0.150€ | 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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