Watkin Jones Plc Stock Forecast
Watkin Jones Plc stock price fell more than -6.41% Tuesday closing at £44.50
(Updated on Jun 25, 2024)
The Watkin Jones Plc stock price fell by -6.41% on the last day (Tuesday, 25th Jun 2024) from £47.55 to £44.50. During the last trading day the stock fluctuated 7.75% from a day low at £44.50 to a day high of £47.95. The price has been going up and down for this period, and there has been a -7.39% loss for the last 2 weeks. Volume has increased on the last day by 282 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, 545 thousand shares were bought and sold for approximately £24.25 million.
Given the current short-term trend, the stock is expected to rise 19.70% during the next 3 months and, with a 90% probability hold a price between £53.26 and £68.55 at the end of this 3-month period.
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WJG.L Signals & Forecast
There are few to no technical positive signals at the moment. The Watkin Jones Plc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £46.50 and £48.63. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -16.98%. 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.
Support, Risk & Stop-loss for Watkin Jones Plc stock
Watkin Jones Plc finds support from accumulated volume at £44.00 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 £3.45 between high and low, or 7.75%. For the last week, the stock has had daily average volatility of 4.32%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WJG.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Watkin Jones Plc to open at £45.65, and during the day (based on 14 day Average True Range), to move between £42.13 and £46.87, which gives a possible trading interval of +/-£2.37 (+/-5.32%) up or down from last closing price. If Watkin Jones Plc takes out the full calculated possible swing range there will be an estimated 10.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £44.00 (1.12%) than the resistance at £46.95 (5.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Watkin Jones Plc stock A Buy?
The Watkin Jones Plc stock holds several negative signals and despite the positive trend, we believe Watkin Jones Plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.813 Sell Candidate Unchanged
Predicted Opening Price for Watkin Jones Plc of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
£45.65 ( 2.58%) | £44.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WJG.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 49.10 | 10.34% |
R2 | 47.78 | 7.38% |
R1 | 46.97 | 5.55% |
Price | 44.50 | |
S1 | 44.33 | -0.377% |
S2 | 43.52 | -2.21% |
S3 | 42.20 | -5.17% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 50.50 | 13.48% |
R2 | 48.85 | 9.78% |
R1 | 46.95 | 5.51% |
Price | 44.50 | |
S1 | 44.00 | -1.12% |
S2 | 41.15 | -7.53% |
S3 | 39.90 | -10.34% |
WJG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | £1.40 | 2.21% |
2 | Jan 25, 2023 | Feb 02, 2023 | Mar 02, 2023 | £4.50 | 4.77% |
3 | May 17, 2022 | Jun 09, 2022 | Jun 30, 2022 | £2.90 | 1.32% |
4 | Jan 18, 2022 | Jan 27, 2022 | Feb 25, 2022 | £5.60 | 2.37% |
5 | May 18, 2021 | Jun 10, 2021 | Jun 30, 2021 | £2.60 | 1.21% |
FAQ
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