Westpac Banking Corp. Ltd. Stock Forecast
Red day on Friday for Westpac Banking Corp. Ltd. stock after losing 0%
(Updated on Jun 28, 2024)
No changes to the price of Westpac Banking Corp. Ltd. stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $18.25 to a day high of $18.25. The price has been going up and down for this period, and there has been a 2.53% gain for the last 2 weeks.
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 7.17% during the next 3 months and, with a 90% probability hold a price between $18.20 and $20.33 at the end of this 3-month period.
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WEBNF Signals & Forecast
The Westpac Banking Corp. 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 $18.11 and $17.65. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Westpac Banking Corp. Ltd. stock
Westpac Banking Corp. Ltd. finds support from accumulated volume at $18.19 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $17.52 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (WEBNF) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Westpac Banking Corp. Ltd. to open at $18.25, and during the day (based on 14 day Average True Range), to move between $18.10 and $18.40, which gives a possible trading interval of +/-$0.150 (+/-0.82%) up or down from last closing price. If Westpac Banking Corp. Ltd. takes out the full calculated possible swing range there will be an estimated 1.64% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $18.19, some $0.0650 (0.36%) from the current price of $18.25, our system finds the risk reward attractive.
Is Westpac Banking Corp. 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 Westpac Banking Corp. Ltd. stock to perform well in the short-term.
Current score: 2.593 Buy Candidate Unchanged
Predicted Opening Price for Westpac Banking Corp. Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $18.25 ( 0%) | $18.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WEBNF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.25 | - |
| R2 | 18.25 | - |
| R1 | 18.25 | - |
| Price | 18.25 | |
| S1 | 18.25 | - |
| S2 | 18.25 | - |
| S3 | 18.25 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 18.25 | |
| S1 | 18.19 | -0.356% |
| S2 | 17.89 | -1.97% |
| S3 | 17.55 | -3.85% |
WEBNF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | Jun 25, 2024 | $0.596 | 3.38% |
| 2 | Nov 09, 2023 | Nov 09, 2023 | Nov 09, 2023 | $0.659 | 4.98% |
| 3 | May 11, 2023 | May 11, 2023 | May 11, 2023 | $0.678 | 4.85% |
| 4 | Nov 17, 2022 | Nov 17, 2022 | Jul 02, 2013 | $0.617 | 2.39% |
| 5 | May 19, 2022 | May 19, 2022 | Jun 24, 2022 | $0.429 | 3.15% |
FAQ
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