Wallenius Wilhelmsen ASA Stock Forecast
Wallenius Wilhelmsen ASA stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Apr 19, 2024)
The Wallenius Wilhelmsen ASA stock price gained 2.04% on the last trading day (Friday, 19th Apr 2024), rising from kr98.00 to kr100.00. During the last trading day the stock fluctuated 3.59% from a day low at kr97.40 to a day high of kr100.90. The price has risen in 6 of the last 10 days and is up by 8.17% 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, 379 thousand more shares were traded than the day before. In total, 738 thousand shares were bought and sold for approximately kr73.85 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.14% during the next 3 months and, with a 90% probability hold a price between kr70.65 and kr92.74 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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WAWI.OL Signals & Forecast
Mostly positive signals in the chart today. The Wallenius Wilhelmsen ASA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at kr98.09 and kr94.27. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 07, 2024, and so far it has risen 14.81%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Wallenius Wilhelmsen ASA stock
Wallenius Wilhelmsen ASA finds support from accumulated volume at kr95.80 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 kr3.50 between high and low, or 3.59%. For the last week, the stock has had daily average volatility of 2.75%.
Our recommended stop-loss: kr96.58 (-3.42%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (WAWI.OL) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Wallenius Wilhelmsen ASA to open at kr99.43, and during the day (based on 14 day Average True Range), to move between kr96.84 and kr103.16, which gives a possible trading interval of +/-kr3.16 (+/-3.16%) up or down from last closing price. If Wallenius Wilhelmsen ASA takes out the full calculated possible swing range there will be an estimated 6.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr95.80 (4.20%) than the resistance at kr104.40 (4.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wallenius Wilhelmsen ASA stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.941 Buy Candidate Upgraded
Predicted Opening Price for Wallenius Wilhelmsen ASA of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| kr99.43 ( 0.567%) | kr100.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WAWI.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 102.93 | 2.93 % | |
| R2 | 101.60 | 1.60 % | ||
| R1 | 100.77 | 0.770 % | ||
| Current price: | 100.00 | |||
| Support | S1 | 98.10 | -1.90 % | |
| S2 | 97.27 | -2.73 % | ||
| S3 | 95.93 | -4.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 108.90 | 8.90 % | |
| R2 | 107.00 | 7.00 % | ||
| R1 | 104.40 | 4.40 % | ||
| Current price | 100.00 | |||
| Support | S1 | 95.80 | -4.20% | |
| S2 | 89.45 | -10.55% | ||
| S3 | 87.10 | -12.90% |
WAWI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 22, 2024 | May 22, 2024 | May 29, 2024 | kr7.15 | 7.15% |
| 2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | kr0.510 | 0.658% |
| 3 | Nov 09, 2022 | Nov 09, 2022 | Nov 09, 2022 | kr0.615 | 0.624% |
| 4 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | kr0.0900 | 0.159% |
| 5 | Nov 12, 2019 | Nov 12, 2019 | Nov 12, 2019 | kr0.548 | 2.50% |
FAQ
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