WAM Capital Limited Stock Forecast
Green day on Friday for WAM Capital Limited stock after gaining 0.338%
(Updated on May 03, 2024)
The WAM Capital Limited stock price gained 0.338% on the last trading day (Friday, 3rd May 2024), rising from $1.48 to $1.49. During the last trading day the stock fluctuated 0.676% from a day low at $1.48 to a day high of $1.49. The price has fallen in 5 of the last 10 days and is down by -2.62% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 23 thousand more shares were traded than the day before. In total, 620 thousand shares were bought and sold for approximately $920.40 thousand.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $1.48 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect WAM Capital Limited stock with a 90% probability to be traded between $1.48 and $1.67 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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WAM.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 0.338%. Further rise is indicated until a new top pivot has been found. WAM Capital Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The WAM Capital Limited 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 $1.49 and $1.59. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for WAM Capital Limited stock
WAM Capital Limited finds support from accumulated volume at $1.48 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0100 between high and low, or 0.676%. For the last week, the stock has had daily average volatility of 0.81%.
WAM Capital Limited is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WAM.AX) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect WAM Capital Limited to open at $1.49, and during the day (based on 14 day Average True Range), to move between $1.46 and $1.51, which gives a possible trading interval of +/-$0.0240 (+/-1.62%) up or down from last closing price. If WAM Capital Limited takes out the full calculated possible swing range there will be an estimated 3.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.48 (0.34%) than the resistance at $1.62 (9.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is WAM Capital Limited stock A Buy?
WAM Capital Limited 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: -2.510 Sell Candidate Unchanged
Predicted Opening Price for WAM Capital Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $1.49 ( 0%) | $1.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WAM.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.50 | 0.673 % | |
| R2 | 1.49 | 0.416 % | ||
| R1 | 1.49 | 0.257 % | ||
| Current price: | 1.49 | |||
| Support | S1 | 1.48 | -0.257 % | |
| S2 | 1.48 | -0.416 % | ||
| S3 | 1.48 | -0.673 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.66 | 11.78 % | |
| R2 | 1.64 | 10.44 % | ||
| R1 | 1.62 | 9.09 % | ||
| Current price | 1.49 | |||
| Support | S1 | 1.48 | -0.337% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
WAM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | Apr 30, 2024 | $0.0775 | 5.20% |
| 2 | Oct 17, 2023 | Oct 17, 2023 | Oct 17, 2023 | $0.0775 | 4.87% |
| 3 | May 15, 2023 | May 15, 2023 | May 15, 2023 | $0.0775 | 4.73% |
| 4 | Oct 17, 2022 | Oct 17, 2022 | Oct 17, 2022 | $0.0775 | 4.43% |
| 5 | Jun 06, 2022 | Jun 06, 2022 | Jun 06, 2022 | $0.0775 | 3.89% |
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