Willdan Group Stock Forecast
Willdan Group stock price up more than 9.87% on Friday
(Updated on May 03, 2024)
The Willdan Group stock price gained 9.87% on the last trading day (Friday, 3rd May 2024), rising from $28.48 to $31.29. During the last trading day the stock fluctuated 8.73% from a day low at $30.02 to a day high of $32.64. The price has risen in 6 of the last 10 days and is up by 16.54% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 165 thousand more shares were traded than the day before. In total, 253 thousand shares were bought and sold for approximately $7.92 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 45.30% during the next 3 months and, with a 90% probability hold a price between $39.08 and $50.90 at the end of this 3-month period.
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WLDN Signals & Forecast
Mostly positive signals in the chart today. The Willdan Group 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 $28.71 and $28.07. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 17.85%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Willdan Group stock
On the downside, the stock finds support just below today's level from accumulated volume at $28.66 and $25.06. 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, Willdan Group finds support just below today's level at $28.66. If this is broken, then the next support from accumulated volume will be at $25.06 and $24.68.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.62 (8.73%) between high and low. For the last week, the stock has had daily average volatility of 3.78%.
Our recommended stop-loss: $30.21 (-3.44%) (This stock has low daily movements and this gives low risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (WLDN) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Willdan Group to open at $31.32, and during the day (based on 14 day Average True Range), to move between $30.12 and $32.46, which gives a possible trading interval of +/-$1.17 (+/-3.73%) up or down from last closing price. If Willdan Group takes out the full calculated possible swing range there will be an estimated 7.46% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $28.66, some $2.63 (8.41%) from the current price of $31.29, our system finds the risk reward attractive.
Is Willdan Group stock A Buy?
Willdan Group holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.395 Strong Buy Candidate Upgraded
Predicted Opening Price for Willdan Group of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $31.32 ( 0.0852%) | $31.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WLDN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.94 | 8.46 % | |
| R2 | 32.94 | 5.26 % | ||
| R1 | 32.32 | 3.28 % | ||
| Current price: | 31.29 | |||
| Support | S1 | 30.32 | -3.11 % | |
| S2 | 29.70 | -5.09 % | ||
| S3 | 28.70 | -8.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 31.29 | |||
| Support | S1 | 28.66 | -8.41% | |
| S2 | 25.06 | -19.91% | ||
| S3 | 24.68 | -21.12% |
FAQ
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