Wallbox N.V. Stock Forecast
Wallbox N.V. stock price ended at $1.51 on Thursday, after gaining 2.03%.
(Updated on May 02, 2024)
The Wallbox N.V. stock price gained 2.03% on the last trading day (Thursday, 2nd May 2024), rising from $1.48 to $1.51. During the last trading day the stock fluctuated 6.12% from a day low at $1.47 to a day high of $1.56. The price has risen in 8 of the last 10 days and is up by 18.9% 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, 74 thousand more shares were traded than the day before. In total, 241 thousand shares were bought and sold for approximately $364.10 thousand.
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 -5.49% during the next 3 months and, with a 90% probability hold a price between $1.19 and $1.55 at the end of this 3-month period.
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WBX Signals & Forecast
The Wallbox N.V. 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 $1.46 and $1.45. A breakdown below any of these levels will issue sell signals. Wallbox N.V. 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. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -0.658%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Wallbox N.V. stock
Wallbox N.V. 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 may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0900 between high and low, or 6.12%. For the last week, the stock has had daily average volatility of 6.00%.
Our recommended stop-loss: $1.45 (-4.10%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (WBX) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Wallbox N.V. to open at $1.51, and during the day (based on 14 day Average True Range), to move between $1.42 and $1.60, which gives a possible trading interval of +/-$0.0893 (+/-5.92%) up or down from last closing price. If Wallbox N.V. takes out the full calculated possible swing range there will be an estimated 11.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.52 (0.66%) than the support at $1.48 (1.99%), 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.
Earnings coming up
Wallbox N.V. will release earnings BMO on Thursday, May 09, 2024. We will update the financials statements for Wallbox N.V., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 10.74% in the first trading day after earnings release.
Is Wallbox N.V. stock A Buy?
Wallbox N.V. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.530 Hold/Accumulate Unchanged
Predicted Opening Price for Wallbox N.V. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $1.51 ( 0.221%) | $1.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WBX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.60 | 6.18 % | |
| R2 | 1.57 | 3.90 % | ||
| R1 | 1.55 | 2.50 % | ||
| Current price: | 1.51 | |||
| Support | S1 | 1.48 | -2.06 % | |
| S2 | 1.46 | -3.46 % | ||
| S3 | 1.42 | -5.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.57 | 3.97 % | |
| R2 | 1.56 | 3.31 % | ||
| R1 | 1.52 | 0.662 % | ||
| Current price | 1.51 | |||
| Support | S1 | 1.48 | -1.99% | |
| S2 | 1.43 | -5.30% | ||
| S3 | 1.42 | -5.96% |
FAQ
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