John Wood Group Plc Stock Forecast
Red day on Wednesday for John Wood Group Plc
(Updated on Jun 19, 2024)
The John Wood Group Plc stock price fell by -2.88% on the last day (Wednesday, 19th Jun 2024) from £201.60 to £195.80. During the last trading day the stock fluctuated 0% from a day low at £195.80 to a day high of £195.80. The price has been going up and down for this period, and there has been a 8.6% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 million shares and in total, 0 shares were bought and sold for approximately £0 .
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £188.30 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 48.67% during the next 3 months and, with a 90% probability hold a price between £279.95 and £343.17 at the end of this 3-month period.
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WG.L Signals & Forecast
The John Wood Group Plc 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 £198.09. On a fall, the stock will find some support from the long-term average at approximately £184.21. 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). 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 Tuesday, June 18, 2024, and so far it has fallen -2.88%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Tuesday, June 18, 2024 and based on theory for this formation the price should fall by -21.68% to £153.35 within 23 trading days since signal was issued (Friday, July 19, 2024).
Support, Risk & Stop-loss for John Wood Group Plc stock
John Wood Group Plc finds support from accumulated volume at £194.00 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 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 2.20%
Our recommended stop-loss: £184.56 (-5.74%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 53 days ago.)
Trading Expectations (WG.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect John Wood Group Plc to open at £195.80, and during the day (based on 14 day Average True Range), to move between £187.37 and £204.23, which gives a possible trading interval of +/-£8.43 (+/-4.30%) up or down from last closing price. If John Wood Group Plc takes out the full calculated possible swing range there will be an estimated 8.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £196.30 (0.26%) than the support at £194.00 (0.92%), 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 John Wood Group Plc 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 John Wood Group Plc stock to perform well in the short-term.
Current score: 2.419 Buy Candidate Unchanged
Predicted Opening Price for John Wood Group Plc of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| £195.80 ( 0.00000000%) | £195.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WG.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 195.80 | 0.00000000% |
| R2 | 195.80 | 0.00000000% |
| R1 | 195.80 | 0.00000000% |
| Price | 195.80 | |
| S1 | 195.80 | 0.00000000% |
| S2 | 195.80 | 0.00000000% |
| S3 | 195.80 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 200.80 | 2.55% |
| R2 | 200.60 | 2.45% |
| R1 | 196.30 | 0.255% |
| Price | 195.80 | |
| S1 | 194.00 | -0.92% |
| S2 | 192.90 | -1.48% |
| S3 | 185.60 | -5.21% |
WG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 10, 2020 | Apr 16, 2020 | May 15, 2020 | £23.90 | 13.99% |
| 2 | Aug 20, 2019 | Aug 29, 2019 | Sep 26, 2019 | £9.36 | 2.42% |
| 3 | Mar 19, 2019 | Apr 25, 2019 | May 16, 2019 | £18.32 | 3.99% |
| 4 | Aug 21, 2018 | Aug 30, 2018 | Sep 27, 2018 | £8.69 | 1.12% |
| 5 | Mar 20, 2018 | Apr 19, 2018 | May 17, 2018 | £23.20 | 3.35% |
FAQ
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