Whirlpool Corp Stock Forecast
Green day on Wednesday for Whirlpool Corp stock after gaining 0.125%
(Updated on May 01, 2024)
The Whirlpool Corp stock price gained 0.125% on the last trading day (Wednesday, 1st May 2024), rising from £80.20 to £80.30. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.18% from a day low at £78.50 to a day high of £81.00. The price has risen in 8 of the last 10 days and is up by 4.29% 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, 286 thousand more shares were traded than the day before. In total, 995 thousand shares were bought and sold for approximately £79.92 million.
The stock lies the upper part of a 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 £81.06 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 -5.23% during the next 3 months and, with a 90% probability hold a price between £68.27 and £76.82 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.
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WHR.L Signals & Forecast
The Whirlpool Corp 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 £79.64 and £79.26. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -2.78%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Whirlpool Corp stock
Whirlpool Corp finds support from accumulated volume at £80.00 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 £2.50 between high and low, or 3.18%. For the last week the stock has had daily average volatility of 3.41%.
Our recommended stop-loss: £77.27 (-3.78%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (WHR.L) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Whirlpool Corp to open at £79.93, and during the day (based on 14 day Average True Range), to move between £77.96 and £82.64, which gives a possible trading interval of +/-£2.34 (+/-2.91%) up or down from last closing price. If Whirlpool Corp takes out the full calculated possible swing range there will be an estimated 5.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £80.00 (0.37%) than the resistance at £82.00 (2.12%), 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 Corp stock A Buy?
Whirlpool Corp 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: -0.132 Hold/Accumulate Unchanged
Predicted Opening Price for Whirlpool Corp of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| £79.93 ( 0.457%) | £80.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WHR.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 82.43 | 2.66 % | |
| R2 | 81.48 | 1.47 % | ||
| R1 | 80.89 | 0.733 % | ||
| Current price: | 80.30 | |||
| Support | S1 | 78.98 | -1.65 % | |
| S2 | 78.39 | -2.38 % | ||
| S3 | 77.43 | -3.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 84.10 | 4.73 % | |
| R2 | 82.60 | 2.86 % | ||
| R1 | 82.00 | 2.12 % | ||
| Current price | 80.30 | |||
| Support | S1 | 80.00 | -0.374% | |
| S2 | 79.00 | -1.62% | ||
| S3 | 77.90 | -2.99% |
WHR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Feb 29, 2024 | Apr 02, 2024 | £1.60 | 1.93% |
| 2 | Nov 30, 2023 | Nov 30, 2023 | Nov 30, 2023 | £1.60 | 1.95% |
| 3 | Sep 07, 2023 | Sep 07, 2023 | Sep 07, 2023 | £1.60 | 1.98% |
| 4 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | £1.60 | 1.84% |
| 5 | Feb 28, 2023 | Mar 09, 2023 | Apr 03, 2023 | £1.60 | 1.53% |
FAQ
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