Washington Federal Stock Forecast
Washington Federal stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Apr 23, 2024)
The Washington Federal stock price gained 1.71% on the last trading day (Tuesday, 23rd Apr 2024), rising from $28.11 to $28.59. It has now gained 4 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 6.30% from a day low at $27.28 to a day high of $29.00. The price has risen in 6 of the last 10 days and is up by 0.39% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 365 thousand more shares were traded than the day before. In total, 724 thousand shares were bought and sold for approximately $20.69 million.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $28.55, a level that may pose a second chance to hit a runner. According to fan-theory $31.22 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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WAFD Signals & Forecast
The Washington Federal stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $27.44 and $27.71. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -1.52%. 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 Washington Federal stock
Washington Federal finds support from accumulated volume at $28.00 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 $1.72 (6.30%) between high and low. For the last week, the stock has had daily average volatility of 3.67%.
Our recommended stop-loss: $27.46 (-3.95%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (WAFD) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Washington Federal to open at $28.29, and during the day (based on 14 day Average True Range), to move between $27.69 and $29.49, which gives a possible trading interval of +/-$0.90 (+/-3.13%) up or down from last closing price. If Washington Federal takes out the full calculated possible swing range there will be an estimated 6.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $28.71 (0.42%) than the support at $28.00 (2.06%), 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 Washington Federal stock A Buy?
Washington Federal holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.039 Hold/Accumulate Upgraded
Predicted Opening Price for Washington Federal of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $28.29 ( 1.05%) | $28.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WAFD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.01 | 4.97 % | |
| R2 | 29.35 | 2.67 % | ||
| R1 | 28.95 | 1.25 % | ||
| Current price: | 28.59 | |||
| Support | S1 | 27.63 | -3.35 % | |
| S2 | 27.23 | -4.77 % | ||
| S3 | 26.57 | -7.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.03 | 1.54 % | |
| R2 | 28.87 | 0.98 % | ||
| R1 | 28.71 | 0.420 % | ||
| Current price | 28.59 | |||
| Support | S1 | 28.00 | -2.06% | |
| S2 | 27.24 | -4.72% | ||
| S3 | 26.76 | -6.40% |
WAFD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 13, 2024 | Feb 22, 2024 | Mar 08, 2024 | $0.260 | 0.93% |
| 2 | Nov 14, 2023 | Nov 22, 2023 | Dec 08, 2023 | $0.250 | 0.82% |
| 3 | Aug 15, 2023 | Aug 24, 2023 | Sep 08, 2023 | $0.250 | 0.95% |
| 4 | May 09, 2023 | May 18, 2023 | Jun 02, 2023 | $0.250 | 0.88% |
| 5 | Feb 14, 2023 | Feb 23, 2023 | Mar 10, 2023 | $0.250 | 0.789% |
FAQ
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