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
Wheaton Precious Metals Corp. stock price down 2.33% on Friday
(Updated on Jun 21, 2024)
The Wheaton Precious Metals Corp. stock price fell by -2.33% on the last day (Friday, 21st Jun 2024) from 50.60€ to 49.42€. During the last trading day the stock fluctuated 2.91% from a day low at 49.11€ to a day high of 50.54€. The price has fallen in 6 of the last 10 days but is still up by 1.15% over the past 2 weeks. Volume has increased on the last day by 1 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, 1 thousand shares were bought and sold for approximately 61.03€ thousand.
The stock lies in the middle of a wide and strong 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 11.98% during the next 3 months and, with a 90% probability hold a price between 53.08€ and 61.66€ 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 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 50.67€. On a fall, the stock will find some support from the short-term average at 49.32€. 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. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -6.37%. 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 very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Wheaton Precious Metals Corp. stock
On the downside, the stock finds support just below today's level from accumulated volume at 46.82€ and 46.50€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Wheaton Precious Metals Corp. finds support just below today's level at 46.82€. If this is broken, then the next support from accumulated volume will be at 46.50€ and 44.91€.
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 1.43€ between high and low, or 2.91%. For the last week, the stock has had daily average volatility of 1.55%.
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 24th
For the upcoming trading day on Monday, 24th we expect Wheaton Precious Metals Corp. to open at 49.69€, and during the day (based on 14 day Average True Range), to move between 48.38€ and 50.46€, which gives a possible trading interval of +/-1.04€ (+/-2.11%) 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 4.22% 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€ (1.54%) than the support at 46.82€ (5.26%), 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: -3.507 Sell Candidate Unchanged
Predicted Opening Price for Wheaton Precious Metals Corp. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| 49.69€ ( 0.546%) | 49.42€ |
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 | 51.12 | 3.44% |
| R2 | 50.57 | 2.33% |
| R1 | 50.24 | 1.65% |
| Price | 49.42 | |
| S1 | 49.14 | -0.559% |
| S2 | 48.81 | -1.24% |
| S3 | 48.26 | -2.35% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 52.64 | 6.52% |
| R2 | 51.32 | 3.84% |
| R1 | 50.18 | 1.54% |
| Price | 49.42 | |
| S1 | 46.82 | -5.26% |
| S2 | 46.50 | -5.91% |
| S3 | 44.91 | -9.13% |
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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