Werner Enterprises Stock Forecast
Werner Enterprises stock price ended at $35.81 on Tuesday, after gaining 1.07%.
(Updated on Jul 02, 2024)
The Werner Enterprises stock price gained 1.07% on the last trading day (Tuesday, 2nd Jul 2024), rising from $35.43 to $35.81. During the last trading day the stock fluctuated 2.03% from a day low at $35.46 to a day high of $36.18. The price has been going up and down for this period, and there has been a -0.67% loss 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, 351 thousand more shares were traded than the day before. In total, 896 thousand shares were bought and sold for approximately $32.09 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Werner Enterprises stock with a 90% probability to be traded between $33.13 and $37.14 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
WERN Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 2.02%. Further rise is indicated until a new top pivot has been found. 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. The Werner Enterprises stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $36.58. On a fall, the stock will find some support from the short-term average at $35.58. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Werner Enterprises stock
Werner Enterprises finds support from accumulated volume at $35.77 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.720 (2.03%) between high and low. For the last week, the stock has had daily average volatility of 1.64%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WERN) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Werner Enterprises to open at $35.82, and during the day (based on 14 day Average True Range), to move between $35.03 and $36.59, which gives a possible trading interval of +/-$0.779 (+/-2.18%) up or down from last closing price. If Werner Enterprises takes out the full calculated possible swing range there will be an estimated 4.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $35.83 (0.06%) than the support at $35.77 (0.11%), 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 Werner Enterprises stock A Buy?
Werner Enterprises holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.405 Sell Candidate Unchanged
Predicted Opening Price for Werner Enterprises of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$35.82 ( 0.0186%) | $35.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WERN
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 36.54 | 2.03% |
R2 | 36.26 | 1.26% |
R1 | 36.09 | 0.787% |
Price | 35.81 | |
S1 | 35.54 | -0.749% |
S2 | 35.37 | -1.22% |
S3 | 35.10 | -1.99% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 37.17 | 3.80% |
R2 | 36.53 | 2.01% |
R1 | 35.83 | 0.0559% |
Price | 35.81 | |
S1 | 35.77 | -0.112% |
S2 | 35.39 | -1.17% |
S3 | 35.17 | -1.79% |
WERN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 01, 2024 | Jul 01, 2024 | Jul 17, 2024 | $0.140 | 0.391% |
2 | May 15, 2024 | Jun 28, 2024 | Jul 17, 2024 | $0.140 | 0.391% |
3 | Feb 28, 2024 | Apr 12, 2024 | May 01, 2024 | $0.140 | 0.398% |
4 | Nov 06, 2023 | Dec 29, 2023 | Jan 17, 2024 | $0.140 | 0.356% |
5 | Aug 10, 2023 | Sep 29, 2023 | Oct 18, 2023 | $0.140 | 0.369% |
FAQ
Click here for our free guide on how to buy Werner Enterprises Stock.