Winnebago Industries Inc Stock Forecast
Red day on Friday for Winnebago Industries Inc
(Updated on May 17, 2024)
The Winnebago Industries Inc stock price fell by -0.92% on the last day (Friday, 17th May 2024) from $62.29 to $61.72. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 2.50% from a day low at $60.96 to a day high of $62.48. The price has fallen in 6 of the last 10 days and is down by -1.64% for this period. Volume has increased on the last day by 65 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 498 thousand shares were bought and sold for approximately $30.76 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.10% during the next 3 months and, with a 90% probability hold a price between $52.47 and $62.56 at the end of this 3-month period.
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WGO Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.95%. 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. The Winnebago Industries Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $63.27 and $64.59. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Winnebago Industries Inc stock
Winnebago Industries Inc finds support from accumulated volume at $61.71 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 $1.52 between high and low, or 2.50%. For the last week the stock has had daily average volatility of 2.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WGO) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Winnebago Industries Inc to open at $61.72, and during the day (based on 14 day Average True Range), to move between $60.08 and $63.36, which gives a possible trading interval of +/-$1.64 (+/-2.66%) up or down from last closing price. If Winnebago Industries Inc takes out the full calculated possible swing range there will be an estimated 5.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $61.71 (0.02%) than the resistance at $64.87 (5.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Winnebago Industries Inc stock A Buy?
Winnebago Industries Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.749 Sell Candidate Unchanged
Predicted Opening Price for Winnebago Industries Inc of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $61.72 ( 0.0008%) | $61.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WGO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 63.24 | 2.47 % | |
| R2 | 62.66 | 1.52 % | ||
| R1 | 62.30 | 0.94 % | ||
| Current price: | 61.72 | |||
| Support | S1 | 61.14 | -0.94 % | |
| S2 | 60.78 | -1.52 % | ||
| S3 | 60.20 | -2.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 69.52 | 12.64 % | |
| R2 | 65.47 | 6.08 % | ||
| R1 | 64.87 | 5.10 % | ||
| Current price | 61.72 | |||
| Support | S1 | 61.71 | -0.0162% | |
| S2 | 61.28 | -0.713% | ||
| S3 | 61.14 | -0.94% |
WGO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 12, 2024 | Jun 12, 2024 | Jun 26, 2024 | $0.310 | 0.503% |
| 2 | Mar 13, 2024 | Apr 09, 2024 | Apr 24, 2024 | $0.310 | 0.480% |
| 3 | Dec 15, 2023 | Jan 11, 2024 | Jan 26, 2024 | $0.310 | 0.466% |
| 4 | Aug 16, 2023 | Sep 12, 2023 | Sep 27, 2023 | $0.310 | 0.528% |
| 5 | May 17, 2023 | Jun 13, 2023 | Jun 28, 2023 | $0.270 | 0.413% |
FAQ
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