Webjet Ltd Stock Forecast
Green day on Tuesday for Webjet Ltd
(Updated on Jun 25, 2024)
The Webjet Ltd stock price gained 1.48% on the last trading day (Tuesday, 25th Jun 2024), rising from A$8.81 to A$8.94. During the last trading day the stock fluctuated 1.25% from a day low at A$8.83 to a day high of A$8.94. The price has risen in 5 of the last 10 days and is up by 1.13% 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, 427 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately A$12.39 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.61% during the next 3 months and, with a 90% probability hold a price between A$8.82 and A$9.80 at the end of this 3-month period.
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WEB.AX Signals & Forecast
The Webjet Ltd 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 A$8.87 and A$8.67. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Wednesday, May 22, 2024, and so far it has fallen -1.65%. 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 Webjet Ltd stock
Webjet Ltd finds support from accumulated volume at A$8.90 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved A$0.110 between high and low, or 1.25%. For the last week the stock has had daily average volatility of 1.45%.
Our recommended stop-loss: A$8.54 (-4.47%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 45 days ago.)
Trading Expectations (WEB.AX) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Webjet Ltd to open at A$8.90, and during the day (based on 14 day Average True Range), to move between A$8.76 and A$9.12, which gives a possible trading interval of +/-A$0.176 (+/-1.97%) up or down from last closing price. If Webjet Ltd takes out the full calculated possible swing range there will be an estimated 3.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at A$8.90 (0.45%) than the resistance at A$9.09 (1.68%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Webjet Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Webjet Ltd stock to perform well in the short-term.
Current score: 3.600 Buy Candidate Unchanged
Predicted Opening Price for Webjet Ltd of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| A$8.90 ( 0.410%) | A$8.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WEB.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.01 | 0.82% |
| R2 | 8.97 | 0.350% |
| R1 | 8.95 | 0.0599% |
| Price | 8.94 | |
| S1 | 8.86 | -0.88% |
| S2 | 8.84 | -1.17% |
| S3 | 8.79 | -1.64% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 9.09 | 1.68% |
| Price | 8.94 | |
| S1 | 8.90 | -0.447% |
| S2 | 8.84 | -1.12% |
| S3 | 8.83 | -1.23% |
WEB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 25, 2020 | Mar 25, 2020 | Mar 25, 2020 | A$0.0653 | 2.39% |
| 2 | Aug 22, 2019 | Sep 18, 2019 | Oct 10, 2019 | A$0.0980 | 0.97% |
| 3 | Feb 21, 2019 | Mar 20, 2019 | Apr 18, 2019 | A$0.0617 | 0.373% |
| 4 | Aug 23, 2018 | Sep 19, 2018 | Oct 11, 2018 | A$0.0862 | 0.637% |
| 5 | Feb 22, 2018 | Mar 27, 2018 | Apr 18, 2018 | A$0.0575 | 0.538% |
FAQ
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