Werner Enterprises Stock Forecast
Green day on Friday for Werner Enterprises stock after gaining 0.297%
(Updated on May 24, 2024)
The Werner Enterprises stock price gained 0.297% on the last trading day (Friday, 24th May 2024), rising from $37.06 to $37.17. During the last trading day the stock fluctuated 2.36% from a day low at $36.91 to a day high of $37.78. The price has been going up and down for this period, and there has been a -0.08% loss for the last 2 weeks. Volume fell on the last day by -152 thousand shares and in total, 616 thousand shares were bought and sold for approximately $22.90 million. 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 the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $37.86 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -7.48% during the next 3 months and, with a 90% probability hold a price between $30.83 and $35.03 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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WERN Signals & Forecast
The Werner Enterprises stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $37.19. On a fall, the stock will find some support from the long-term average at approximately $36.45. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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, May 16, 2024, and so far it has fallen -2.57%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Werner Enterprises stock
Werner Enterprises finds support from accumulated volume at $36.53 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.87 between high and low, or 2.36%. For the last week, the stock has had daily average volatility of 2.28%.
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 Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Werner Enterprises to open at $37.29, and during the day (based on 14 day Average True Range), to move between $36.30 and $38.04, which gives a possible trading interval of +/-$0.87 (+/-2.33%) up or down from last closing price. If Werner Enterprises takes out the full calculated possible swing range there will be an estimated 4.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $36.53 (1.72%) than the resistance at $37.98 (2.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: -1.743 Sell Candidate Unchanged
Predicted Opening Price for Werner Enterprises of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| $37.29 ( 0.314%) | $37.17 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 38.16 | 2.65 % | |
| R2 | 37.82 | 1.76 % | ||
| R1 | 37.62 | 1.21 % | ||
| Current price: | 37.17 | |||
| Support | S1 | 36.95 | -0.580 % | |
| S2 | 36.75 | -1.13 % | ||
| S3 | 36.42 | -2.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.98 | 4.87 % | |
| R2 | 38.01 | 2.26 % | ||
| R1 | 37.98 | 2.18 % | ||
| Current price | 37.17 | |||
| Support | S1 | 36.53 | -1.72% | |
| S2 | 35.39 | -4.79% | ||
| S3 | 35.17 | -5.38% |
WERN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 01, 2024 | Jul 01, 2024 | Jul 17, 2024 | $0.140 | 0.376% |
| 2 | May 15, 2024 | Jun 28, 2024 | Jul 17, 2024 | $0.140 | 0.376% |
| 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
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