Whitehaven Coal Limited Stock Forecast
Stronger technical forecast for Whitehaven Coal Limited stock price after Friday trading.
(Updated on Jun 28, 2024)
The Whitehaven Coal Limited stock price gained 0.99% on the last trading day (Friday, 28th Jun 2024), rising from $5.05 to $5.10. During the last trading day the stock fluctuated 0% from a day low at $5.10 to a day high of $5.10. The price has fallen in 4 of the last 10 days but is still up by 0.39% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately $5.10 thousand.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $5.02 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 7.67% during the next 3 months and, with a 90% probability hold a price between $5.40 and $5.99 at the end of this 3-month period.
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WHITF Signals & Forecast
Whitehaven Coal Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 $5.11 and $5.17. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -6.76%. 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 $5.02 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 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.
Our recommended stop-loss: $4.82 (-5.56%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 29 days ago.)
Trading Expectations (WHITF) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Whitehaven Coal Limited to open at $5.10, and during the day (based on 14 day Average True Range), to move between $5.01 and $5.19, which gives a possible trading interval of +/-$0.0858 (+/-1.68%) up or down from last closing price. If Whitehaven Coal Limited takes out the full calculated possible swing range there will be an estimated 3.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.12 (0.39%) than the support at $5.02 (1.57%), 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 Whitehaven Coal Limited stock A Buy?
Whitehaven Coal Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Whitehaven Coal Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $5.10 ( 0%) | $5.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WHITF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.10 | - |
| R2 | 5.10 | - |
| R1 | 5.10 | - |
| Price | 5.10 | |
| S1 | 5.10 | - |
| S2 | 5.10 | - |
| S3 | 5.10 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.45 | 6.86% |
| R2 | 5.30 | 3.92% |
| R1 | 5.12 | 0.392% |
| Price | 5.10 | |
| S1 | 5.02 | -1.57% |
| S2 | 4.97 | -2.55% |
| S3 | 4.65 | -8.82% |
WHITF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Feb 22, 2024 | Mar 08, 2024 | $0.0456 | 0.97% |
| 2 | Aug 31, 2023 | Aug 31, 2023 | Aug 31, 2023 | $0.389 | 9.58% |
| 3 | Feb 23, 2023 | Feb 23, 2023 | Feb 23, 2023 | $0.311 | 6.24% |
| 4 | Sep 01, 2022 | Sep 01, 2022 | Sep 01, 2022 | $0.391 | 7.39% |
| 5 | Sep 05, 2019 | Sep 05, 2019 | Sep 05, 2019 | $0.223 | 10.14% |
FAQ
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