Winpak Ltd. Stock Forecast
Evaluation of Winpak Ltd. stock downgraded after the last trading session.
(Updated on Jun 14, 2024)
The Winpak Ltd. stock price fell by -0.88% on the last day (Friday, 14th Jun 2024) from $45.29 to $44.89. During the last trading day the stock fluctuated 2.14% from a day low at $44.37 to a day high of $45.32. The price has risen in 6 of the last 10 days and is up by 2.91% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -688 shares and in total, 33 thousand shares were bought and sold for approximately $1.49 million.
The stock lies in the middle of a 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 15.32% during the next 3 months and, with a 90% probability hold a price between $50.39 and $53.16 at the end of this 3-month period.
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WPK.TO Signals & Forecast
The Winpak Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $45.14. On a fall, the stock will find some support from the long-term average at approximately $44.38. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -1.36%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Winpak Ltd. stock
Winpak Ltd. finds support from accumulated volume at $44.52 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.95 between high and low, or 2.14%. For the last week the stock has had daily average volatility of 1.85%.
Our recommended stop-loss: $43.10 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (WPK.TO) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Winpak Ltd. to open at $44.86, and during the day (based on 14 day Average True Range), to move between $43.97 and $45.81, which gives a possible trading interval of +/-$0.92 (+/-2.05%) up or down from last closing price. If Winpak Ltd. takes out the full calculated possible swing range there will be an estimated 4.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $45.21 (0.71%) than the support at $44.52 (0.82%), 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 Winpak Ltd. stock A Buy?
Winpak 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. 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: 0.126 Hold/Accumulate Downgraded
Predicted Opening Price for Winpak Ltd. of Monday, June 17, 2024
Fair opening price June 17, 2024 | Current price |
---|---|
$44.86 ( 0.0668%) | $44.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WPK.TO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 45.81 | 2.05% |
R2 | 45.45 | 1.24% |
R1 | 45.22 | 0.742% |
Price | 44.89 | |
S1 | 44.50 | -0.88% |
S2 | 44.27 | -1.37% |
S3 | 43.91 | -2.18% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 45.51 | 1.38% |
R2 | 45.39 | 1.11% |
R1 | 45.21 | 0.713% |
Price | 44.89 | |
S1 | 44.52 | -0.82% |
S2 | 40.07 | -10.74% |
S3 | 39.43 | -12.16% |
WPK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 03, 2024 | Jul 03, 2024 | Jul 12, 2024 | $0.0300 | 0.0668% |
2 | Feb 28, 2024 | Apr 01, 2024 | Apr 12, 2024 | $0.0300 | 0.0753% |
3 | Jan 02, 2024 | Jan 02, 2024 | Jan 12, 2024 | $0.0300 | 0.0691% |
4 | Sep 20, 2023 | Sep 29, 2023 | Oct 12, 2023 | $0.0300 | 0.0766% |
5 | Sep 20, 2023 | Sep 28, 2023 | Oct 12, 2023 | $0.0300 | 0.0766% |
FAQ
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