Westamerica Bancorporation Stock Forecast
Westamerica Bancorporation stock price ended at $45.55 on Thursday, after gaining 0.110%.
(Updated on Apr 18, 2024)
The Westamerica Bancorporation stock price gained 0.110% on the last trading day (Thursday, 18th Apr 2024), rising from $45.50 to $45.55. During the last trading day the stock fluctuated 2.79% from a day low at $45.21 to a day high of $46.47. The price has been going up and down for this period, and there has been a -3.88% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 60 thousand more shares were traded than the day before. In total, 170 thousand shares were bought and sold for approximately $7.74 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Westamerica Bancorporation stock with a 90% probability to be traded between $43.66 and $48.23 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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WABC Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Westamerica Bancorporation 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 $46.24 and $47.16. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -6.81%. 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).
Support, Risk & Stop-loss for Westamerica Bancorporation stock
Westamerica Bancorporation finds support from accumulated volume at $44.98 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 $1.26 (2.79%) between high and low. For the last week, the stock has had daily average volatility of 1.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WABC) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Westamerica Bancorporation to open at $45.74, and during the day (based on 14 day Average True Range), to move between $44.44 and $46.66, which gives a possible trading interval of +/-$1.11 (+/-2.43%) up or down from last closing price. If Westamerica Bancorporation takes out the full calculated possible swing range there will be an estimated 4.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $44.98 (1.25%) than the resistance at $47.81 (4.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Westamerica Bancorporation stock A Buy?
Westamerica Bancorporation holds several negative signals and is within a wide and 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: -2.382 Sell Candidate Unchanged
Predicted Opening Price for Westamerica Bancorporation of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$45.74 ( 0.424%) | $45.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WABC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 47.00 | 3.19 % | |
R2 | 46.52 | 2.13 % | ||
R1 | 46.22 | 1.48 % | ||
Current price: | 45.55 | |||
Support | S1 | 45.26 | -0.632 % | |
S2 | 44.96 | -1.29 % | ||
S3 | 44.48 | -2.34 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 51.63 | 13.35 % | |
R2 | 49.79 | 9.31 % | ||
R1 | 47.81 | 4.96 % | ||
Current price | 45.55 | |||
Support | S1 | 44.98 | -1.25% | |
S2 | 44.84 | -1.56% | ||
S3 | 44.74 | -1.78% |
WABC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 02, 2024 | Feb 02, 2024 | Feb 16, 2024 | $0.440 | 0.94% |
2 | Oct 26, 2023 | Nov 03, 2023 | Nov 17, 2023 | $0.440 | 0.88% |
3 | Jul 27, 2023 | Aug 04, 2023 | Aug 18, 2023 | $0.440 | 0.96% |
4 | Apr 27, 2023 | May 05, 2023 | May 19, 2023 | $0.420 | 1.10% |
5 | Jan 26, 2023 | Feb 03, 2023 | Feb 17, 2023 | $0.420 | 0.745% |
FAQ
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