Wabash National Corporation Stock Forecast
Wabash National Corporation stock price ended at $29.94 on Thursday, after gaining 1.73%.
(Updated on Mar 28, 2024)
The Wabash National Corporation stock price gained 1.73% on the last trading day (Thursday, 28th Mar 2024), rising from $29.43 to $29.94. It has now gained 3 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 3.52% from a day low at $29.04 to a day high of $30.06. The price has risen in 7 of the last 10 days and is up by 12.39% 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, 635 thousand more shares were traded than the day before. In total, 989 thousand shares were bought and sold for approximately $29.62 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 17.26% during the next 3 months and, with a 90% probability hold a price between $31.92 and $36.12 at the end of this 3-month period.
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WNC Signals & Forecast
Mostly positive signals in the chart today. The Wabash National Corporation 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 $28.75 and $27.25. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 21, 2024, and so far it has risen 18.39%. 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 Wabash National Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $26.86 and $26.72. 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, Wabash National Corporation finds support just below today's level at $26.86. If this is broken, then the next support from accumulated volume will be at $26.72 and $25.30.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.02 between high and low, or 3.52%. For the last week, the stock has had daily average volatility of 2.58%.
Our recommended stop-loss: $28.82 (-3.74%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (WNC) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Wabash National Corporation to open at $29.68, and during the day (based on 14 day Average True Range), to move between $28.96 and $30.92, which gives a possible trading interval of +/-$0.98 (+/-3.27%) up or down from last closing price. If Wabash National Corporation takes out the full calculated possible swing range there will be an estimated 6.54% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $26.86, some $3.08 (10.29%) from the current price of $29.94, our system finds the risk reward attractive.
Is Wabash National Corporation stock A Buy?
Wabash National Corporation 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.
Current score: 6.910 Strong Buy Candidate Unchanged
Predicted Opening Price for Wabash National Corporation of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$29.68 ( 0.87%) | $29.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WNC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 30.70 | 2.54 % | |
R2 | 30.31 | 1.24 % | ||
R1 | 30.07 | 0.433 % | ||
Current price: | 29.94 | |||
Support | S1 | 29.29 | -2.17 % | |
S2 | 29.05 | -2.98 % | ||
S3 | 28.66 | -4.28 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 29.94 | |||
Support | S1 | 26.86 | -10.29% | |
S2 | 26.72 | -10.75% | ||
S3 | 25.30 | -15.50% |
WNC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 03, 2024 | Apr 03, 2024 | Apr 25, 2024 | $0.0800 | 0.266% |
2 | Nov 30, 2023 | Jan 03, 2024 | Jan 25, 2024 | $0.0800 | 0.314% |
3 | Aug 17, 2023 | Oct 04, 2023 | Oct 26, 2023 | $0.0800 | 0.381% |
4 | May 11, 2023 | Jul 05, 2023 | Jul 27, 2023 | $0.0800 | 0.359% |
5 | Feb 16, 2023 | Apr 05, 2023 | Apr 27, 2023 | $0.0800 | 0.308% |
FAQ
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