WAM Research Limited 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
Weaker technical forecast for WAM Research Limited as stock downgraded to Sell Candidate.
(Updated on Jun 14, 2024)
The WAM Research Limited stock price fell by -1.38% on the last day (Friday, 14th Jun 2024) from $1.09 to $1.07. During the last trading day the stock fluctuated 2.36% from a day low at $1.06 to a day high of $1.09. The price has been going up and down for this period, and there has been a 1.9% gain for the last 2 weeks. Volume has increased on the last day by 308 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 354 thousand shares were bought and sold for approximately $378.47 thousand.
The stock lies in the middle of a 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 -15.67% during the next 3 months and, with a 90% probability hold a price between $0.84 and $0.93 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
The WAM Research Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $1.08. On a fall, the stock will find some support from the long-term average at approximately $1.06. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 3.88%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. WAM Research Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for WAM Research Limited stock
WAM Research Limited finds support from accumulated volume at $1.07 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 $0.0250 (2.36%) between high and low. For the last week, the stock has had daily average volatility of 2.69%.
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 Monday 17th
For the upcoming trading day on Monday, 17th we expect WAM Research Limited to open at $1.07, and during the day (based on 14 day Average True Range), to move between $1.05 and $1.09, which gives a possible trading interval of +/-$0.0218 (+/-2.04%) up or down from last closing price. If WAM Research Limited takes out the full calculated possible swing range there will be an estimated 4.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.07 (0.47%) than the resistance at $1.09 (1.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.267 Sell Candidate Downgraded
Predicted Opening Price for WAM Research Limited of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $1.07 ( 0.156%) | $1.07 |
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 | |
|---|---|---|
| R3 | 1.10 | 2.49% |
| R2 | 1.09 | 1.60% |
| R1 | 1.08 | 1.05% |
| Price | 1.07 | |
| S1 | 1.06 | -0.737% |
| S2 | 1.06 | -1.29% |
| S3 | 1.05 | -2.18% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.21 | 13.08% |
| R2 | 1.19 | 10.75% |
| R1 | 1.09 | 1.40% |
| Price | 1.07 | |
| S1 | 1.07 | -0.467% |
| S2 | 1.06 | -0.93% |
| S3 | 1.05 | -1.87% |
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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