Wanderport Corporation Stock Forecast
Big movements in Wanderport Corporation stock price on Friday moving 15.38% between high and low
(Updated on May 31, 2024)
The Wanderport Corporation stock price gained 7.69% on the last trading day (Friday, 31st May 2024), rising from $0.0013 to $0.0014. During the last trading day the stock fluctuated 15.38% from a day low at $0.0013 to a day high of $0.0015. The price has been going up and down for this period, and there has been a -6.67% loss for the last 2 weeks. Volume fell on the last day by -5 million shares and in total, 3 million shares were bought and sold for approximately $4.14 thousand. 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 in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0013 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 27.49% during the next 3 months and, with a 90% probability hold a price between $0.0017 and $0.0068 at the end of this 3-month period.
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WDRP Signals & Forecast
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. The Wanderport Corporation 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 $0.0015 and $0.0022. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -71.07%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Wanderport Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0013 and $0.0012. 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, Wanderport Corporation finds support just below today's level at $0.0013. If this is broken, then the next support from accumulated volume will be at $0.0012 and $0.0011.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0002 between high and low, or 15.38%. For the last week the stock has had daily average volatility of 12.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WDRP) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Wanderport Corporation to open at $0.0014, and during the day (based on 14 day Average True Range), to move between $0.0011 and $0.0017, which gives a possible trading interval of +/-$0.0003 (+/-23.89%) up or down from last closing price. If Wanderport Corporation takes out the full calculated possible swing range there will be an estimated 47.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0015 (7.14%) than the support at $0.0013 (7.14%), 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 Wanderport Corporation stock A Buy?
The Wanderport Corporation stock holds several negative signals and despite the positive trend, we believe Wanderport Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.641 Sell Candidate Unchanged
Predicted Opening Price for Wanderport Corporation of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $0.0014 ( 0%) | $0.0014 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WDRP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0016 | 14.29 % | |
| R2 | 0.0015 | 8.83 % | ||
| R1 | 0.0015 | 5.46 % | ||
| Current price: | 0.0014 | |||
| Support | S1 | 0.0013 | -5.46 % | |
| S2 | 0.0013 | -8.83 % | ||
| S3 | 0.0012 | -14.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0017 | 21.43 % | |
| R2 | 0.0017 | 17.86 % | ||
| R1 | 0.0015 | 7.14 % | ||
| Current price | 0.0014 | |||
| Support | S1 | 0.0013 | -7.14% | |
| S2 | 0.0012 | -14.29% | ||
| S3 | 0.0011 | -21.43% |
FAQ
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