Wizz Air Holdings Plc Stock Forecast
Wizz Air Holdings Plc stock price ended at £2,226.00 on Tuesday, after losing 0.269%.
(Updated on Apr 30, 2024)
The Wizz Air Holdings Plc stock price fell by -0.269% on the last day (Tuesday, 30th Apr 2024) from £2,232.00 to £2,226.00. During the last trading day the stock fluctuated 2.48% from a day low at £2,180.00 to a day high of £2,234.00. The price has risen in 7 of the last 10 days and is up by 13.63% over the past 2 weeks. Volume has increased on the last day by 105 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 323 thousand shares were bought and sold for approximately £719.90 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Wizz Air Holdings Plc stock with a 90% probability to be traded between £2,003.80 and £2,409.29 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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WIZZ.L Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -0.269%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Wizz Air Holdings Plc 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 £2,172.86 and £2,154.77. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Wizz Air Holdings Plc stock
Wizz Air Holdings Plc finds support from accumulated volume at £2,146.00 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 £54.00 between high and low, or 2.48%. For the last week, the stock has had daily average volatility of 4.09%.
Our recommended stop-loss: £2,153.38 (-3.26%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (WIZZ.L) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Wizz Air Holdings Plc to open at £2,213.33, and during the day (based on 14 day Average True Range), to move between £2,124.67 and £2,327.33, which gives a possible trading interval of +/-£101.33 (+/-4.55%) up or down from last closing price. If Wizz Air Holdings Plc takes out the full calculated possible swing range there will be an estimated 9.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £2,229.00 (0.13%) than the support at £2,146.00 (3.59%), 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 Wizz Air Holdings Plc stock A Buy?
Wizz Air Holdings Plc 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: -0.701 Hold/Accumulate Unchanged
Predicted Opening Price for Wizz Air Holdings Plc of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| £2,213.33 ( 0.569%) | £2,226.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WIZZ.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,267.33 | 1.86 % | |
| R2 | 2,246.71 | 0.93 % | ||
| R1 | 2,233.96 | 0.358 % | ||
| Current price: | 2,226.00 | |||
| Support | S1 | 2,192.71 | -1.50 % | |
| S2 | 2,179.96 | -2.07 % | ||
| S3 | 2,159.33 | -2.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,354.00 | 5.75 % | |
| R2 | 2,280.00 | 2.43 % | ||
| R1 | 2,229.00 | 0.135 % | ||
| Current price | 2,226.00 | |||
| Support | S1 | 2,146.00 | -3.59% | |
| S2 | 2,094.00 | -5.93% | ||
| S3 | 2,016.00 | -9.43% |
FAQ
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