Whitehaven Coal Limited Stock Forecast
Stronger technical forecast for Whitehaven Coal Limited stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The Whitehaven Coal Limited stock price gained 0.130% on the last trading day (Tuesday, 25th Jun 2024), rising from $7.69 to $7.70. During the last trading day the stock fluctuated 1.38% from a day low at $7.64 to a day high of $7.74. The price has been going up and down for this period, and there has been a -0.26% 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, 546 thousand more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $35.10 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.31% during the next 3 months and, with a 90% probability hold a price between $7.84 and $9.18 at the end of this 3-month period.
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WHC.AX Signals & Forecast
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 Whitehaven Coal Limited 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 $7.71 and $7.80. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -7.56%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Whitehaven Coal Limited stock
Whitehaven Coal Limited finds support from accumulated volume at $7.69 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 $0.105 between high and low, or 1.38%. For the last week, the stock has had daily average volatility of 2.41%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WHC.AX) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Whitehaven Coal Limited to open at $7.69, and during the day (based on 14 day Average True Range), to move between $7.50 and $7.90, which gives a possible trading interval of +/-$0.201 (+/-2.61%) up or down from last closing price. If Whitehaven Coal Limited takes out the full calculated possible swing range there will be an estimated 5.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.69 (0.13%) than the resistance at $7.80 (1.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Whitehaven Coal Limited stock A Buy?
The Whitehaven Coal Limited stock holds several negative signals and despite the positive trend, we believe Whitehaven Coal Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.560 Sell Candidate Upgraded
Predicted Opening Price for Whitehaven Coal Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $7.69 ( 0.108%) | $7.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WHC.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.80 | 1.26% |
| R2 | 7.76 | 0.735% |
| R1 | 7.73 | 0.413% |
| Price | 7.70 | |
| S1 | 7.65 | -0.629% |
| S2 | 7.63 | -0.95% |
| S3 | 7.59 | -1.47% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.95 | 3.25% |
| R2 | 7.88 | 2.34% |
| R1 | 7.80 | 1.30% |
| Price | 7.70 | |
| S1 | 7.69 | -0.130% |
| S2 | 7.36 | -4.42% |
| S3 | 7.10 | -7.79% |
WHC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Feb 22, 2024 | Mar 08, 2024 | $0.0700 | 1.00% |
| 2 | Aug 31, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.420 | 6.30% |
| 3 | Feb 23, 2023 | Feb 23, 2023 | Feb 23, 2023 | $0.320 | 4.35% |
| 4 | Sep 01, 2022 | Sep 01, 2022 | Sep 01, 2022 | $0.400 | 5.07% |
| 5 | Feb 24, 2022 | Feb 24, 2022 | Feb 24, 2022 | $0.0800 | 2.52% |
FAQ
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