Walliser Kantonalbank Stock Forecast
Green day on Wednesday for Walliser Kantonalbank stock after gaining 0.437%
(Updated on May 15, 2024)
The Walliser Kantonalbank stock price gained 0.437% on the last trading day (Wednesday, 15th May 2024), rising from 114.50 Fr to 115.00 Fr. During the last trading day the stock fluctuated 1.76% from a day low at 113.50 Fr to a day high of 115.50 Fr. The price has risen in 5 of the last 10 days but is still down by -0.86% for this period. Volume fell on the last day by -563 shares and in total, 2 thousand shares were bought and sold for approximately 269.91 Fr thousand. 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.
The stock lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 114.46 Fr 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 4.22% during the next 3 months and, with a 90% probability hold a price between 119.29 Fr and 123.37 Fr at the end of this 3-month period.
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WKBN.SW Signals & Forecast
There are few to no technical positive signals at the moment. The Walliser Kantonalbank stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 115.29 Fr and 115.14 Fr. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -1.71%. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Walliser Kantonalbank stock
Walliser Kantonalbank finds support from accumulated volume at 114.50 Fr 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 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 2.00 Fr between high and low, or 1.76%. For the last week the stock has had daily average volatility of 1.58%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WKBN.SW) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect Walliser Kantonalbank to open at 114.67 Fr, and during the day (based on 14 day Average True Range), to move between 113.24 Fr and 116.76 Fr, which gives a possible trading interval of +/-1.76 Fr (+/-1.53%) up or down from last closing price. If Walliser Kantonalbank takes out the full calculated possible swing range there will be an estimated 3.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 115.50 Fr (0.43%) than the support at 114.50 Fr (0.43%), 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 Walliser Kantonalbank stock A Buy?
The Walliser Kantonalbank stock holds several negative signals and despite the positive trend, we believe Walliser Kantonalbank will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.320 Sell Candidate Unchanged
Predicted Opening Price for Walliser Kantonalbank of Thursday, May 16, 2024
| Fair opening price May 16, 2024 | Current price |
|---|---|
| 114.67 Fr ( 0.290%) | 115.00 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WKBN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 116.67 | 1.45 % | |
| R2 | 115.90 | 0.785 % | ||
| R1 | 115.43 | 0.374 % | ||
| Current price: | 115.00 | |||
| Support | S1 | 113.90 | -0.95 % | |
| S2 | 113.43 | -1.36 % | ||
| S3 | 112.67 | -2.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 117.00 | 1.74 % | |
| R2 | 116.00 | 0.87 % | ||
| R1 | 115.50 | 0.435 % | ||
| Current price | 115.00 | |||
| Support | S1 | 114.50 | -0.435% | |
| S2 | 113.00 | -1.74% | ||
| S3 | 112.00 | -2.61% |
WKBN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | Apr 30, 2024 | Apr 30, 2024 | 0 Fr | 0% |
| 2 | May 03, 2023 | May 03, 2023 | May 05, 2023 | 3.55 Fr | 3.21% |
| 3 | Apr 29, 2022 | Apr 29, 2022 | Apr 29, 2022 | 3.45 Fr | 3.12% |
| 4 | Apr 23, 2021 | Apr 23, 2021 | Apr 23, 2021 | 3.35 Fr | 3.15% |
| 5 | Mar 11, 2020 | Jun 11, 2020 | Jun 15, 2020 | 3.35 Fr | 3.19% |
FAQ
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