Washington H. Soul Pattinson and Co Ltd Stock Forecast
Washington H. Soul Pattinson and Co Ltd stock price ended at $32.45 on Friday, after losing 1.25%.
(Updated on Apr 26, 2024)
The Washington H. Soul Pattinson and Co Ltd stock price fell by -1.25% on the last day (Friday, 26th Apr 2024) from $32.86 to $32.45. During the last trading day the stock fluctuated 0.89% from a day low at $32.45 to a day high of $32.74. The price has fallen in 8 of the last 10 days and is down by -6.32% for this period. Volume has increased on the last day by 82 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, 402 thousand shares were bought and sold for approximately $13.04 million.
Given the current horizontal trend, you can expect Washington H. Soul Pattinson and Co Ltd stock with a 90% probability to be traded between $32.13 and $35.20 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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SOL.AX Signals & Forecast
There are few to no technical positive signals at the moment. The Washington H. Soul Pattinson and Co Ltd 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 $32.88 and $34.26. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -9.21%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Washington H. Soul Pattinson and Co Ltd stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.290 (0.89%) between high and low. For the last week, the stock has had daily average volatility of 1.39%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SOL.AX) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Washington H. Soul Pattinson and Company Limited to open at $32.55, and during the day (based on 14 day Average True Range), to move between $31.93 and $32.97, which gives a possible trading interval of +/-$0.517 (+/-1.59%) up or down from last closing price. If Washington H. Soul Pattinson and Company Limited takes out the full calculated possible swing range there will be an estimated 3.19% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $33.61, some $1.16 (3.57%) from the current price of $32.45, our system finds the risk reward not very attractive.
Is Washington H. Soul Pattinson and Company Limited stock A Buy?
Washington H. Soul Pattinson and Co Ltd holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.826 Sell Candidate Unchanged
Predicted Opening Price for Washington H. Soul Pattinson and Company Limited of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $32.55 ( 0.298%) | $32.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SOL.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.84 | 1.19 % | |
| R2 | 32.73 | 0.85 % | ||
| R1 | 32.66 | 0.639 % | ||
| Current price: | 32.45 | |||
| Support | S1 | 32.44 | -0.0435 % | |
| S2 | 32.37 | -0.254 % | ||
| S3 | 32.26 | -0.596 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.08 | 8.10 % | |
| R2 | 34.40 | 6.01 % | ||
| R1 | 33.61 | 3.57 % | ||
| Current price | 32.45 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
SOL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 17, 2024 | Apr 17, 2024 | May 10, 2024 | $0.400 | 1.22% |
| 2 | Apr 19, 2023 | Apr 19, 2023 | Apr 19, 2023 | $0.360 | 1.15% |
| 3 | Nov 18, 2022 | Nov 18, 2022 | Nov 18, 2022 | $0.150 | 0.545% |
| 4 | Apr 20, 2022 | Apr 20, 2022 | Apr 20, 2022 | $0.290 | 1.02% |
| 5 | Nov 19, 2021 | Nov 19, 2021 | Nov 19, 2021 | $0.360 | 1.14% |
FAQ
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