Woodside Energy Group Ltd Stock Forecast
Red day on Tuesday for Woodside Energy Group Ltd stock after losing 0%
(Updated on Jul 02, 2024)
No changes to the price of Woodside Energy Group Ltd stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 0% from a day low at $19.40 to a day high of $19.40. The price has been going up and down for this period, and there has been a 5.49% gain for the last 2 weeks.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.23% during the next 3 months and, with a 90% probability hold a price between $15.96 and $19.21 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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WOPEF Signals & Forecast
The Woodside Energy Group Ltd 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 $18.87 and $18.41. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 10.48%. 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 gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Woodside Energy Group Ltd stock
Woodside Energy Group Ltd finds support from accumulated volume at $18.47 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: $18.62 (-4.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 60 days ago.)
Trading Expectations (WOPEF) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Woodside Energy Group Ltd to open at $19.40, and during the day (based on 14 day Average True Range), to move between $19.27 and $19.53, which gives a possible trading interval of +/-$0.133 (+/-0.68%) up or down from last closing price. If Woodside Energy Group Ltd takes out the full calculated possible swing range there will be an estimated 1.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.94 (2.77%) than the support at $18.47 (4.82%), 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 Woodside Energy Group Ltd stock A Buy?
Woodside Energy Group Ltd 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 Woodside Energy Group Ltd of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $19.40 ( 0%) | $19.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WOPEF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.40 | - |
| R2 | 19.40 | - |
| R1 | 19.40 | - |
| Price | 19.40 | |
| S1 | 19.40 | - |
| S2 | 19.40 | - |
| S3 | 19.40 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.40 | 5.15% |
| R2 | 20.22 | 4.23% |
| R1 | 19.94 | 2.77% |
| Price | 19.40 | |
| S1 | 18.47 | -4.82% |
| S2 | 18.42 | -5.08% |
| S3 | 18.04 | -7.01% |
WOPEF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 07, 2024 | Apr 04, 2024 | $0.600 | 3.03% |
| 2 | Aug 31, 2023 | Aug 31, 2023 | Sep 28, 2023 | $1.14 | 4.84% |
| 3 | May 28, 2023 | Mar 08, 2023 | Mar 23, 2022 | $2.06 | 8.41% |
| 4 | Sep 08, 2022 | Sep 08, 2022 | Sep 08, 2022 | $1.56 | 7.23% |
| 5 | Aug 30, 2021 | Aug 30, 2021 | Aug 30, 2021 | $0.429 | 2.95% |
FAQ
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