Whirlpool Corporation Stock Forecast
Whirlpool Corporation stock price ended on $109.63 on Wednesday after gaining 1.2%
(Updated on Nov 29, 2023)
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The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $113.35 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -24.55% during the next 3 months and, with a 90% probability hold a price between $67.32 and $85.53 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
WHR Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, October 27, 2023, and so far it has risen 7.38%. 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). 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 Whirlpool Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $114.75. On a fall, the stock will find some support from the short-term average at $109.21. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Whirlpool Corporation stock
Whirlpool Corporation finds support from accumulated volume at $108.91 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.21 (2.03%) between high and low. For the last week, the stock has had daily average volatility of 1.91%.
Our recommended stop-loss: $103.27 (-5.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (WHR) For The Upcoming Trading Day Of Thursday 30th
For the upcoming trading day on Thursday, 30th we expect Whirlpool Corporation to open at $109.73, and during the day (based on 14 day Average True Range), to move between $106.35 and $112.91, which gives a possible trading interval of +/-$3.28 (+/-2.99%) up or down from last closing price. If Whirlpool Corporation takes out the full calculated possible swing range there will be an estimated 5.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $108.91 (0.66%) than the resistance at $113.03 (3.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Whirlpool Corporation stock A Buy?
Whirlpool Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.031 Open Broker Account
Hold/Accumulate UnchangedPredicted Opening Price for Whirlpool Corporation of Thursday, November 30, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price November 30, 2023 | Current price |
|---|---|
| $109.73 | $109.63 (Undervalued) |
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Trading levels for WHR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 111.93 | 2.10 % | |
| R2 | 111.09 | 1.33 % | ||
| R1 | 110.57 | 0.85 % | ||
| Current price: | 109.63 | |||
| Support | S1 | 108.88 | -0.682 % | |
| S2 | 108.36 | -1.16 % | ||
| S3 | 107.52 | -1.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 130.30 | 18.85 % | |
| R2 | 114.96 | 4.86 % | ||
| R1 | 113.03 | 3.10 % | ||
| Current price | 109.63 | |||
| Support | S1 | 108.91 | -0.657% | |
| S2 | 105.73 | -3.56% | ||
| S3 | 102.10 | -6.87% |
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