RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of WOR
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Worthington Industries Inc stock price up 0.436% on Thursday
(Updated on Mar 28, 2024)

Sell candidate since Mar 26, 2024 Gain 2.81% PDF

The Worthington Industries Inc stock price gained 0.436% on the last trading day (Thursday, 28th Mar 2024), rising from $61.96 to $62.23. During the last trading day the stock fluctuated 1.73% from a day low at $61.78 to a day high of $62.85. The price has been going up and down for this period, and there has been a 1.12% gain for the last 2 weeks. Volume fell on the last day by -11 thousand shares and in total, 257 thousand shares were bought and sold for approximately $16.00 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $60.89 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 19.13% during the next 3 months and, with a 90% probability hold a price between $72.54 and $80.86 at the end of this 3-month period.

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WOR Signals & Forecast

Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Worthington Industries Inc 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 $63.14 and $62.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -7.09%. 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 Worthington Industries Inc stock

Worthington Industries Inc finds support from accumulated volume at $61.88 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 $1.07 (1.73%) between high and low. For the last week, the stock has had daily average volatility of 3.65%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (WOR) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Worthington Industries Inc to open at $62.29, and during the day (based on 14 day Average True Range), to move between $59.86 and $64.60, which gives a possible trading interval of +/-$2.37 (+/-3.80%) up or down from last closing price. If Worthington Industries Inc takes out the full calculated possible swing range there will be an estimated 7.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $61.88 (0.56%) than the resistance at $62.60 (0.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Worthington Industries Inc stock A Buy?

The Worthington Industries Inc stock holds several negative signals and despite the positive trend, we believe Worthington Industries Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.417 Sell Candidate Unchanged

Predicted Opening Price for Worthington Industries Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$62.29 ( 0.0911%) $62.23

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for WOR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 63.36 1.81 %
R2 62.95 1.15 %
R1 62.70 0.748 %
Current price: 62.23
Support S1 61.88 -0.566 %
S2 61.63 -0.97 %
S3 61.22 -1.63 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 66.98 7.63 %
R2 63.40 1.88 %
R1 62.60 0.595 %
Current price 62.23
Support S1 61.88 -0.562%
S2 59.43 -4.50%
S3 53.91 -13.37%

WOR Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 20, 2024 Jun 14, 2024 Jun 28, 2024 $0.160 0.257%
2 Mar 14, 2024 Mar 14, 2024 Mar 14, 2024 $0 0%
3 Sep 27, 2023 Nov 14, 2023 Dec 15, 2023 $0.320 0.558%
4 Jun 28, 2023 Sep 14, 2023 Sep 29, 2023 $0.320 0.84%
5 Mar 22, 2023 Jun 14, 2023 Sep 29, 2023 $0.310 0.81%

FAQ

What is the symbol for Worthington Industries Inc Stock and on which exchange is it traded?
The symbol for Worthington Industries Inc is WOR and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Worthington Industries Inc Stock?
The Worthington Industries Inc stock holds several negative signals and despite the positive trend, we believe Worthington Industries Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Worthington Industries Inc Stock?
Worthington Industries Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Worthington Industries Inc Stock.

What's the current price of Worthington Industries Inc Stock?
As of the end of day on the 2024-03-28, the price of an Worthington Industries Inc (WOR) share was $62.23.

What is the 52-week high and low for Worthington Industries Inc Stock?
The 52-week high for Worthington Industries Inc Stock is $77.42 and the 52-week low is $45.26.

What is the market capitalization of Worthington Industries Inc Stock?
As of the 2024-03-28, the market capitalization of Worthington Industries Inc is 3.111B.

When is the next earnings date for Worthington Industries Inc?
The upcoming earnings date for Worthington Industries Inc is Jun 26, 2024.
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About Worthington Industries Inc

Worthington Industries Worthington Industries, Inc., an industrial manufacturing company, focuses on value-added steel processing and manufactured metal products in North America and internationally. It operates through Steel Processing, Consumer Products, Building Products, and Sustainable Energy Solutions segments. The Steel Processing segment processes flat-rolled steel for customers primarily in the automotive, aerospace, agricultural, appliance, construction, cont... WOR Profile

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