WAM Research Limited Stock Forecast
Red day on Thursday for WAM Research Limited stock after losing 0%
(Updated on May 23, 2024)
No changes to the price of WAM Research Limited stock on the last trading day (Thursday, 23rd May 2024). During the last trading day the stock fluctuated 0.96% from a day low at $1.04 to a day high of $1.05. The price has risen in 4 of the last 10 days but is still down by -1.42% for this period.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.03 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -11.68% during the next 3 months and, with a 90% probability hold a price between $0.91 and $1.04 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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WAX.AX Signals & Forecast
There are mixed signals in the stock today. The WAM Research 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 $1.05 and $1.11. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". A buy signal was issued from a pivot bottom point on Monday, May 20, 2024, and so far it has risen 0.481%. 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).
Support, Risk & Stop-loss for WAM Research Limited stock
WAM Research Limited finds support from accumulated volume at $1.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0100 between high and low, or 0.96%. For the last week the stock has had daily average volatility of 1.29%
WAM Research Limited is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WAX.AX) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect WAM Research Limited to open at $1.05, and during the day (based on 14 day Average True Range), to move between $1.03 and $1.06, which gives a possible trading interval of +/-$0.0186 (+/-1.78%) up or down from last closing price. If WAM Research Limited takes out the full calculated possible swing range there will be an estimated 3.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.04 (0.48%) than the resistance at $1.07 (1.91%), 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 Research Limited stock A Buy?
WAM Research Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.713 Sell Candidate Unchanged
Predicted Opening Price for WAM Research Limited of Friday, May 24, 2024
| Fair opening price May 24, 2024 | Current price |
|---|---|
| $1.05 ( 0%) | $1.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WAX.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.06 | 0.96 % | |
| R2 | 1.05 | 0.591 % | ||
| R1 | 1.05 | 0.366 % | ||
| Current price: | 1.05 | |||
| Support | S1 | 1.04 | -0.366 % | |
| S2 | 1.04 | -0.591 % | ||
| S3 | 1.04 | -0.96 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.19 | 13.40 % | |
| R2 | 1.07 | 2.39 % | ||
| R1 | 1.07 | 1.91 % | ||
| Current price | 1.05 | |||
| Support | S1 | 1.04 | -0.478% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
WAX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 19, 2024 | Apr 19, 2024 | Apr 30, 2024 | $0.0500 | 4.59% |
| 2 | Oct 03, 2023 | Oct 03, 2023 | Oct 03, 2023 | $0.0500 | 4.63% |
| 3 | Apr 11, 2023 | Apr 11, 2023 | Apr 11, 2023 | $0.0500 | 3.97% |
| 4 | Oct 04, 2022 | Oct 04, 2022 | Oct 04, 2022 | $0.0500 | 3.68% |
| 5 | Apr 04, 2022 | Apr 04, 2022 | Apr 04, 2022 | $0.0500 | 2.92% |
FAQ
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