Willis Lease Finance Corporation Stock Forecast
Willis Lease Finance Corporation stock downgraded to Sell Candidate
(Updated on Apr 25, 2024)
The Willis Lease Finance Corporation stock price fell by -0.122% on the last day (Thursday, 25th Apr 2024) from $49.19 to $49.13. During the last trading day the stock fluctuated 0.84% from a day low at $48.72 to a day high of $49.13. The price has fallen in 7 of the last 10 days and is down by -1.15% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 thousand shares and in total, 4 thousand shares were bought and sold for approximately $191.95 thousand.
The stock lies in the middle of a weak 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 2.05% during the next 3 months and, with a 90% probability hold a price between $48.75 and $52.36 at the end of this 3-month period.
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WLFC Signals & Forecast
There are few to no technical positive signals at the moment. The Willis Lease Finance Corporation 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 $49.50 and $49.20. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 16, 2024, and so far it has fallen -2.44%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
A buy signal from a double bottom formation was found on Tuesday, March 12, 2024 with a target of $49.05. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Willis Lease Finance Corporation stock
Willis Lease Finance Corporation finds support from accumulated volume at $48.78 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 $0.410 between high and low, or 0.84%. For the last week the stock has had daily average volatility of 1.10%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WLFC) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Willis Lease Finance Corporation to open at $48.99, and during the day (based on 14 day Average True Range), to move between $48.11 and $50.15, which gives a possible trading interval of +/-$1.02 (+/-2.07%) up or down from last closing price. If Willis Lease Finance Corporation takes out the full calculated possible swing range there will be an estimated 4.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $48.78 (0.71%) than the resistance at $49.60 (0.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Willis Lease Finance Corporation will release earnings BMO on Thursday, May 02, 2024. We will update the financials statements for Willis Lease Finance Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.62% in the first trading day after earnings release.
Is Willis Lease Finance Corporation stock A Buy?
The Willis Lease Finance Corporation stock holds several negative signals and despite the positive trend, we believe Willis Lease Finance Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.400 Sell Candidate Downgraded
Predicted Opening Price for Willis Lease Finance Corporation of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $48.99 ( 0.278%) | $49.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WLFC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.40 | 0.556 % | |
| R2 | 49.25 | 0.238 % | ||
| R1 | 49.15 | 0.0406 % | ||
| Current price: | 49.13 | |||
| Support | S1 | 48.84 | -0.597 % | |
| S2 | 48.74 | -0.794 % | ||
| S3 | 48.58 | -1.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.36 | 2.50 % | |
| R2 | 49.89 | 1.55 % | ||
| R1 | 49.60 | 0.96 % | ||
| Current price | 49.13 | |||
| Support | S1 | 48.78 | -0.712% | |
| S2 | 48.50 | -1.28% | ||
| S3 | 48.29 | -1.71% |
FAQ
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