Wallenius Wilhelmsen ASA Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Wallenius Wilhelmsen ASA stock price ended at kr106.20 on Thursday, after gaining 0.473%.
(Updated on Apr 25, 2024)
The Wallenius Wilhelmsen ASA stock price gained 0.473% on the last trading day (Thursday, 25th Apr 2024), rising from kr105.70 to kr106.20. It has now gained 5 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 2.09% from a day low at kr105.10 to a day high of kr107.30. The price has risen in 7 of the last 10 days and is up by 8.87% over the past 2 weeks. Volume fell on the last day by -501 thousand shares and in total, 286 thousand shares were bought and sold for approximately kr30.42 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at kr106.77 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.00% during the next 3 months and, with a 90% probability hold a price between kr72.79 and kr96.09 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 kr101.74 and kr94.46. 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 21.93%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Wallenius Wilhelmsen ASA stock
On the downside, the stock finds support just below today's level from accumulated volume at kr95.80 and kr89.45. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Wallenius Wilhelmsen ASA finds support just below today's level at kr95.80. If this is broken, then the next support from accumulated volume will be at kr89.45 and kr87.10.
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 kr2.20 between high and low, or 2.09%. For the last week, the stock has had daily average volatility of 2.84%.
The Wallenius Wilhelmsen ASA stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: kr103.23 (-2.80%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 85 and this increases the risk substantially. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (WAWI.OL) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Wallenius Wilhelmsen ASA to open at kr106.20, and during the day (based on 14 day Average True Range), to move between kr103.09 and kr109.31, which gives a possible trading interval of +/-kr3.11 (+/-2.93%) up or down from last closing price. If Wallenius Wilhelmsen ASA takes out the full calculated possible swing range there will be an estimated 5.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr107.00 (0.75%) than the support at kr95.80 (9.79%), 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 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.
Current score: 3.673 Buy Candidate Unchanged
Predicted Opening Price for Wallenius Wilhelmsen ASA of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
kr106.20 ( 0.00000000%) | kr106.20 |
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 | 108.40 | 2.07 % | |
R2 | 107.56 | 1.28 % | ||
R1 | 107.04 | 0.791 % | ||
Current price: | 106.20 | |||
Support | S1 | 105.36 | -0.791 % | |
S2 | 104.84 | -1.28 % | ||
S3 | 104.00 | -2.07 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 116.30 | 9.51 % | |
R2 | 108.90 | 2.54 % | ||
R1 | 107.00 | 0.753 % | ||
Current price | 106.20 | |||
Support | S1 | 95.80 | -9.79% | |
S2 | 89.45 | -15.77% | ||
S3 | 87.10 | -17.98% |
WAWI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 22, 2024 | May 22, 2024 | May 29, 2024 | kr7.15 | 6.77% |
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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