John Wiley & Sons, Inc. Stock Forecast
Stronger technical forecast for John Wiley & Sons, Inc. stock price after Friday trading.
(Updated on Apr 26, 2024)
The John Wiley & Sons, Inc. stock price gained 1.05% on the last trading day (Friday, 26th Apr 2024), rising from $37.95 to $38.35. During the last trading day the stock fluctuated 2.48% from a day low at $37.83 to a day high of $38.77. The price has been going up and down for this period, and there has been a 3.31% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 83 thousand more shares were traded than the day before. In total, 249 thousand shares were bought and sold for approximately $9.57 million.
The stock lies in the middle of a 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 16.91% during the next 3 months and, with a 90% probability hold a price between $42.68 and $47.74 at the end of this 3-month period.
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WLY Signals & Forecast
The John Wiley & Sons, Inc. 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 $37.94 and $37.67. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -3.16%. 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).
Support, Risk & Stop-loss for John Wiley & Sons, Inc. stock
John Wiley & Sons, Inc. finds support from accumulated volume at $37.34 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.94 (2.48%) between high and low. For the last week, the stock has had daily average volatility of 2.07%.
Our recommended stop-loss: $36.65 (-4.44%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (WLY) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect John Wiley & Sons, Inc. to open at $38.32, and during the day (based on 14 day Average True Range), to move between $37.47 and $39.23, which gives a possible trading interval of +/-$0.88 (+/-2.30%) up or down from last closing price. If John Wiley & Sons, Inc. takes out the full calculated possible swing range there will be an estimated 4.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $38.40 (0.13%) than the support at $37.34 (2.63%), 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 John Wiley & Sons, Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for John Wiley & Sons, Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.382 Buy Candidate Upgraded
Predicted Opening Price for John Wiley & Sons, Inc. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $38.32 ( 0.0869%) | $38.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WLY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.26 | 2.36 % | |
| R2 | 38.90 | 1.43 % | ||
| R1 | 38.68 | 0.85 % | ||
| Current price: | 38.35 | |||
| Support | S1 | 37.96 | -1.02 % | |
| S2 | 37.74 | -1.60 % | ||
| S3 | 37.38 | -2.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.60 | 3.26 % | |
| R2 | 39.15 | 2.09 % | ||
| R1 | 38.40 | 0.130 % | ||
| Current price | 38.35 | |||
| Support | S1 | 37.34 | -2.63% | |
| S2 | 37.31 | -2.71% | ||
| S3 | 33.84 | -11.76% |
WLY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Apr 08, 2024 | Apr 25, 2024 | $0.350 | 0.92% |
| 2 | Dec 14, 2023 | Dec 26, 2023 | Jan 11, 2024 | $0.350 | 1.10% |
| 3 | Oct 09, 2023 | Oct 09, 2023 | Oct 25, 2023 | $0.350 | 1.15% |
| 4 | Sep 28, 2023 | Oct 06, 2023 | Oct 25, 2023 | $0.350 | 1.15% |
| 5 | Jun 26, 2023 | Jul 05, 2023 | Jul 20, 2023 | $0.350 | 1.03% |
FAQ
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