Winpak Ltd. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Winpak Ltd. stock price after Tuesday trading.
(Updated on Jun 25, 2024)
No changes to the price of Winpak Ltd. stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $31.85 to a day high of $31.85. The price has been going up and down for this period, and there has been a 0.28% gain for the last 2 weeks.
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 $30.92 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 6.39% during the next 3 months and, with a 90% probability hold a price between $32.89 and $38.03 at the end of this 3-month period.
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WIPKF Signals & Forecast
The Winpak Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $32.67. On a fall, the stock will find some support from the long-term average at approximately $31.75. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Winpak Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at $30.07 and $29.18. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Winpak Ltd. finds support just below today's level at $30.07. If this is broken, then the next support from accumulated volume will be at $29.18 and $29.00.
In general the stock tends to have very controlled movements and therefore the general risk is considered very 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $29.95 (-5.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (WIPKF) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Winpak Ltd. to open at $31.85, and during the day (based on 14 day Average True Range), to move between $31.41 and $32.29, which gives a possible trading interval of +/-$0.444 (+/-1.40%) up or down from last closing price. If Winpak Ltd. takes out the full calculated possible swing range there will be an estimated 2.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $31.87 (0.06%) than the support at $30.07 (5.59%), 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 Winpak Ltd. 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 Winpak Ltd. 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: 3.499 Buy Candidate Upgraded
Predicted Opening Price for Winpak Ltd. of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$31.85 ( 0.00000000%) | $31.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WIPKF
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 31.85 | 0.00000000% |
R2 | 31.85 | 0.00000000% |
R1 | 31.85 | 0.00000000% |
Price | 31.85 | |
S1 | 31.85 | 0.00000000% |
S2 | 31.85 | 0.00000000% |
S3 | 31.85 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 33.03 | 3.70% |
R2 | 33.00 | 3.61% |
R1 | 31.87 | 0.0628% |
Price | 31.85 | |
S1 | 30.07 | -5.59% |
S2 | 29.18 | -8.38% |
S3 | 29.00 | -8.95% |
WIPKF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 03, 2024 | Jul 03, 2024 | Jul 12, 2024 | $0.0219 | 0.0688% |
2 | Apr 02, 2024 | Apr 02, 2024 | Apr 02, 2024 | $0 | 0% |
3 | Apr 01, 2024 | Apr 01, 2024 | Apr 12, 2024 | $0.0221 | 0.0758% |
4 | Jan 02, 2024 | Jan 02, 2024 | Jan 12, 2024 | $0.0225 | 0.0712% |
5 | Sep 28, 2023 | Sep 28, 2023 | Oct 12, 2023 | $0.0220 | 0.0774% |
FAQ
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