John Wood Group Plc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
John Wood Group Plc stock price ended at £195.30 on Thursday, after losing 0%.
(Updated on Jun 27, 2024)
No changes to the price of John Wood Group Plc stock on the last trading day (Thursday, 27th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at £195.30 to a day high of £195.30. The price has fallen in 6 of the last 10 days and is down by -1.86% for this period.
The stock has broken the wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at £196.63. A reaction back to this level may hold a second chance to get out before further falls.
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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 £197.71. On a fall, the stock will find some support from the long-term average at approximately £190.98. 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. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. 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. 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.
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 -21.48% 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 2.00%
Our recommended stop-loss: £184.01 (-5.78%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (WG.L) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect John Wood Group Plc to open at £195.30, and during the day (based on 14 day Average True Range), to move between £188.29 and £202.31, which gives a possible trading interval of +/-£7.01 (+/-3.59%) 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 7.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £195.80 (0.26%) than the support at £194.00 (0.67%), 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: 1.580 Buy Candidate Unchanged
Predicted Opening Price for John Wood Group Plc of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| £195.30 ( 0.00000000%) | £195.30 |
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 | 195.30 | 0.00000000% |
| R2 | 195.30 | 0.00000000% |
| R1 | 195.30 | 0.00000000% |
| Price | 195.30 | |
| S1 | 195.30 | 0.00000000% |
| S2 | 195.30 | 0.00000000% |
| S3 | 195.30 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 200.80 | 2.82% |
| R2 | 200.60 | 2.71% |
| R1 | 195.80 | 0.256% |
| Price | 195.30 | |
| S1 | 194.00 | -0.666% |
| S2 | 192.90 | -1.23% |
| S3 | 185.60 | -4.97% |
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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