Westwood Holdings Group Inc Stock Forecast
Green day on Wednesday for Westwood Holdings Group Inc
(Updated on Apr 24, 2024)
The Westwood Holdings Group Inc stock price gained 1.32% on the last trading day (Wednesday, 24th Apr 2024), rising from $12.88 to $13.05. During the last trading day the stock fluctuated 0.772% from a day low at $12.95 to a day high of $13.05. The price has risen in 6 of the last 10 days but is still down by -2.03% for this period. Volume fell on the last day by -312 shares and in total, 2 thousand shares were bought and sold for approximately $29.41 thousand. 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 in the middle of a 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 9.00% during the next 3 months and, with a 90% probability hold a price between $13.38 and $14.71 at the end of this 3-month period.
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WHG Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -2.25%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The Westwood Holdings Group Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $12.85 and $12.64. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Westwood Holdings Group Inc stock
Westwood Holdings Group Inc finds support from accumulated volume at $12.91 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 controlled movements and therefore the general risk is considered 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 $0.100 between high and low, or 0.772%. For the last week the stock has had daily average volatility of 1.70%.
Our recommended stop-loss: $12.51 (-4.12%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (WHG) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Westwood Holdings Group Inc to open at $13.02, and during the day (based on 14 day Average True Range), to move between $12.72 and $13.38, which gives a possible trading interval of +/-$0.334 (+/-2.56%) up or down from last closing price. If Westwood Holdings Group Inc takes out the full calculated possible swing range there will be an estimated 5.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.08 (0.23%) than the support at $12.91 (1.07%), 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.
Earnings coming up
Westwood Holdings Group Inc will release earnings AMC on Wednesday, May 01, 2024. We will update the financials statements for Westwood Holdings Group Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.13% in the first trading day after earnings release.
Is Westwood Holdings Group Inc 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 Westwood Holdings Group Inc stock to perform well in the short-term.
Current score: 3.187 Buy Candidate Unchanged
Predicted Opening Price for Westwood Holdings Group Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $13.02 ( 0.255%) | $13.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WHG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.12 | 0.511 % | |
| R2 | 13.08 | 0.218 % | ||
| R1 | 13.05 | 0.0373 % | ||
| Current price: | 13.05 | |||
| Support | S1 | 12.98 | -0.548 % | |
| S2 | 12.95 | -0.729 % | ||
| S3 | 12.92 | -1.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.34 | 2.22 % | |
| R2 | 13.22 | 1.30 % | ||
| R1 | 13.08 | 0.230 % | ||
| Current price | 13.05 | |||
| Support | S1 | 12.91 | -1.07% | |
| S2 | 12.10 | -7.28% | ||
| S3 | 12.00 | -8.05% |
WHG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 14, 2024 | Feb 29, 2024 | Apr 03, 2024 | $0.150 | 1.13% |
| 2 | Oct 31, 2023 | Nov 30, 2023 | Jan 03, 2024 | $0.150 | 1.19% |
| 3 | Aug 02, 2023 | Aug 31, 2023 | Oct 02, 2023 | $0.150 | 1.49% |
| 4 | Apr 26, 2023 | Jun 01, 2023 | Jul 03, 2023 | $0.150 | 1.21% |
| 5 | Feb 15, 2023 | Feb 28, 2023 | Apr 03, 2023 | $0.150 | 1.40% |
FAQ
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