John Wiley & Sons, Inc. Stock Forecast
Green day on Thursday for John Wiley & Sons, Inc. stock after gaining 0.269%
(Updated on Jun 27, 2024)
The John Wiley & Sons, Inc. stock price gained 0.269% on the last trading day (Thursday, 27th Jun 2024), rising from $40.83 to $40.94. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0% from a day low at $40.94 to a day high of $40.94. The price has risen in 6 of the last 10 days and is up by 14.68% 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, 1 more shares were traded than the day before. In total, 101 shares were bought and sold for approximately $4.13 thousand.
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 12.82% during the next 3 months and, with a 90% probability hold a price between $43.88 and $49.38 at the end of this 3-month period.
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WLYB 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 $40.13 and $38.48. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 4.41%. 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). John Wiley & Sons, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for John Wiley & Sons, Inc. stock
John Wiley & Sons, Inc. finds support from accumulated volume at $39.71 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%.
Our recommended stop-loss: $39.06 (-4.59%) (This stock has low daily movements and this gives low risk. The RSI14 is 72 and this increases the risk substantially. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (WLYB) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect John Wiley & Sons, Inc. to open at $40.94, and during the day (based on 14 day Average True Range), to move between $40.05 and $41.83, which gives a possible trading interval of +/-$0.89 (+/-2.17%) 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 4.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $41.14 (0.49%) than the support at $39.71 (3.00%), 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?
John Wiley & Sons, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for John Wiley & Sons, Inc. of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
$40.94 ( 0%) | $40.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WLYB
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 40.94 | - |
R2 | 40.94 | - |
R1 | 40.94 | - |
Price | 40.94 | |
S1 | 40.94 | - |
S2 | 40.94 | - |
S3 | 40.94 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 41.14 | 0.489% |
Price | 40.94 | |
S1 | 39.71 | -3.00% |
S2 | 39.33 | -3.93% |
S3 | 35.68 | -12.85% |
WLYB 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 | 1.11% |
3 | Sep 28, 2023 | Oct 06, 2023 | Oct 25, 2023 | $0.350 | 1.15% |
4 | Jun 26, 2023 | Jul 05, 2023 | Jul 20, 2023 | $0.350 | 1.02% |
5 | Mar 29, 2023 | Apr 10, 2023 | Apr 25, 2023 | $0.348 | 0.91% |
FAQ
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