Whirlpool Corporation Stock Forecast
Whirlpool Corporation stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Whirlpool Corporation stock price gained 1.35% on the last trading day (Tuesday, 2nd Jul 2024), rising from $100.87 to $102.23. During the last trading day the stock fluctuated 1.60% from a day low at $101.28 to a day high of $102.90. The price has risen in 6 of the last 10 days and is up by 11.42% over the past 2 weeks. Volume fell on the last day by -58 thousand shares and in total, 1 million shares were bought and sold for approximately $111.89 million. 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.
Given the current short-term trend, the stock is expected to fall -16.05% during the next 3 months and, with a 90% probability hold a price between $65.09 and $85.82 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 Signals & Forecast
Mostly positive signals in the chart today. The Whirlpool Corporation 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 $98.13 and $91.91. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 20.58%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Whirlpool Corporation stock
Whirlpool Corporation finds support from accumulated volume at $101.91 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 $1.62 between high and low, or 1.60%. For the last week, the stock has had daily average volatility of 3.07%.
Our recommended stop-loss: $99.00 (-3.16%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 65 days ago.)
Trading Expectations (WHR) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Whirlpool Corporation to open at $102.14, and during the day (based on 14 day Average True Range), to move between $98.91 and $105.55, which gives a possible trading interval of +/-$3.32 (+/-3.25%) up or down from last closing price. If Whirlpool Corporation takes out the full calculated possible swing range there will be an estimated 6.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $101.91 (0.31%) than the resistance at $105.39 (3.09%), 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?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.630 Buy Candidate Upgraded
Predicted Opening Price for Whirlpool Corporation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $102.14 ( 0.0913%) | $102.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WHR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 103.76 | 1.49% |
| R2 | 103.14 | 0.89% |
| R1 | 102.76 | 0.514% |
| Price | 102.23 | |
| S1 | 101.52 | -0.697% |
| S2 | 101.14 | -1.07% |
| S3 | 100.52 | -1.68% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 110.94 | 8.52% |
| R2 | 105.68 | 3.37% |
| R1 | 105.39 | 3.09% |
| Price | 102.23 | |
| S1 | 101.91 | -0.313% |
| S2 | 94.97 | -7.10% |
| S3 | 94.05 | -8.00% |
WHR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 15, 2024 | May 16, 2024 | Jun 15, 2024 | $1.75 | 1.93% |
| 2 | Feb 19, 2024 | Feb 29, 2024 | Mar 15, 2024 | $1.75 | 1.66% |
| 3 | Oct 16, 2023 | Nov 17, 2023 | Dec 15, 2023 | $1.75 | 1.47% |
| 4 | Oct 16, 2023 | Nov 16, 2023 | Dec 15, 2023 | $1.75 | 1.47% |
| 5 | Aug 15, 2023 | Aug 24, 2023 | Sep 15, 2023 | $1.75 | 1.27% |
FAQ
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