Wisconsin Electric Power Co. Stock Forecast
Stronger technical forecast for Wisconsin Electric Power Co. stock price after Monday trading.
(Updated on Jun 24, 2024)
The Wisconsin Electric Power Co. stock price gained 0.349% on the last trading day (Monday, 24th Jun 2024), rising from $63.00 to $63.22. During the last trading day the stock fluctuated 0% from a day low at $63.22 to a day high of $63.22. The price has been going up and down for this period, and there has been a 1.15% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 400 more shares were traded than the day before. In total, 500 shares were bought and sold for approximately $31.61 thousand.
The stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $63.26 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Wisconsin Electric Power Co. stock with a 90% probability to be traded between $62.73 and $63.69 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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WELPP Signals & Forecast
The Wisconsin Electric Power Co. 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 $62.82 and $62.66. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 1.74%. Further rise is indicated until a new top pivot has been found. Wisconsin Electric Power Co. 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Friday, April 26, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, April 26, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Wednesday, May 15, 2024 and based on theory for this formation the price should go up by 0.490% to $63.53 within 9 trading days since signal was issued (Wednesday, May 29, 2024).
Support, Risk & Stop-loss for Wisconsin Electric Power Co. stock
Wisconsin Electric Power Co. finds support from accumulated volume at $63.00 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 $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.0032%.
Our recommended stop-loss: $59.72 (-5.54%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (WELPP) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Wisconsin Electric Power Co. to open at $63.22, and during the day (based on 14 day Average True Range), to move between $63.06 and $63.38, which gives a possible trading interval of +/-$0.157 (+/-0.25%) up or down from last closing price. If Wisconsin Electric Power Co. takes out the full calculated possible swing range there will be an estimated 0.50% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $63.00, some $0.220 (0.35%) from the current price of $63.22, our system finds the risk reward attractive.
Is Wisconsin Electric Power Co. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Wisconsin Electric Power Co. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.116 Buy Candidate Upgraded
Predicted Opening Price for Wisconsin Electric Power Co. of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $63.22 ( 0%) | $63.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WELPP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 63.22 | - |
| R2 | 63.22 | - |
| R1 | 63.22 | - |
| Price | 63.22 | |
| S1 | 63.22 | - |
| S2 | 63.22 | - |
| S3 | 63.22 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 63.22 | |
| S1 | 63.00 | -0.348% |
| S2 | 62.64 | -0.91% |
| S3 | 62.50 | -1.14% |
WELPP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | May 13, 2024 | Jun 01, 2024 | $0.90 | 1.43% |
| 2 | Feb 13, 2024 | Feb 13, 2024 | Mar 01, 2024 | $0.90 | 1.45% |
| 3 | Nov 13, 2023 | Nov 13, 2023 | Dec 01, 2023 | $0.90 | 1.48% |
| 4 | Jul 20, 2023 | Aug 11, 2023 | Sep 01, 2023 | $0.90 | 1.31% |
| 5 | Apr 20, 2023 | May 11, 2023 | Jun 01, 2023 | $0.90 | 1.28% |
FAQ
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