WP Carey Inc Stock Forecast
Evaluation of WP Carey Inc stock downgraded after the last trading session.
(Updated on Apr 23, 2024)
The WP Carey Inc stock price gained 0.160% on the last trading day (Tuesday, 23rd Apr 2024), rising from $56.22 to $56.31. It has now gained 5 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 1.70% from a day low at $55.98 to a day high of $56.93. The price has been going up and down for this period, and there has been a -2.51% loss for the last 2 weeks. Volume fell on the last day by -551 thousand shares and in total, 623 thousand shares were bought and sold for approximately $35.08 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 the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $56.98 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.56% during the next 3 months and, with a 90% probability hold a price between $47.20 and $50.96 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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WPC Signals & Forecast
The WP Carey Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $54.89 and $55.90. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 5.61%. 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 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.
Support, Risk & Stop-loss for WP Carey Inc stock
WP Carey Inc finds support from accumulated volume at $55.88 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 $0.95 between high and low, or 1.70%. For the last week the stock has had daily average volatility of 1.88%.
Our recommended stop-loss: $54.24 (-3.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (WPC) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect WP Carey Inc to open at $56.41, and during the day (based on 14 day Average True Range), to move between $55.20 and $57.42, which gives a possible trading interval of +/-$1.11 (+/-1.97%) up or down from last closing price. If WP Carey Inc takes out the full calculated possible swing range there will be an estimated 3.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $55.88 (0.76%) than the resistance at $57.38 (1.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
WP Carey Inc will release earnings AMC on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.19. We will update the financials statements for WP Carey Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.96% in the first trading day after earnings release.
Is WP Carey Inc stock A Buy?
WP Carey 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.761 Hold/Accumulate Downgraded
Predicted Opening Price for WP Carey Inc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $56.41 ( 0.172%) | $56.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WPC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 57.36 | 1.86 % | |
| R2 | 56.99 | 1.21 % | ||
| R1 | 56.77 | 0.82 % | ||
| Current price: | 56.31 | |||
| Support | S1 | 56.04 | -0.473 % | |
| S2 | 55.82 | -0.87 % | ||
| S3 | 55.46 | -1.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 60.68 | 7.76 % | |
| R2 | 57.40 | 1.94 % | ||
| R1 | 57.38 | 1.90 % | ||
| Current price | 56.31 | |||
| Support | S1 | 55.88 | -0.764% | |
| S2 | 55.58 | -1.30% | ||
| S3 | 55.52 | -1.40% |
WPC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.87 | 1.60% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.86 | 1.28% |
| 3 | Sep 14, 2023 | Sep 28, 2023 | Oct 16, 2023 | $1.07 | 2.00% |
| 4 | Jun 15, 2023 | Jun 29, 2023 | Jul 14, 2023 | $1.07 | 1.58% |
| 5 | Mar 09, 2023 | Mar 30, 2023 | Apr 14, 2023 | $1.07 | 1.53% |
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