WPP Plc Stock Forecast
WPP Plc stock price up 0.93% on Wednesday
(Updated on Apr 17, 2024)
The WPP Plc stock price gained 0.93% on the last trading day (Wednesday, 17th Apr 2024), rising from £755.20 to £762.20. During the last trading day the stock fluctuated 1.68% from a day low at £750.20 to a day high of £762.80. The price has risen in 7 of the last 10 days and is up by 3.62% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 3 million shares were bought and sold for approximately £1.93 billion. 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 wide and 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 £769.37 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 -3.77% during the next 3 months and, with a 90% probability hold a price between £666.48 and £740.39 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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WPP.L Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -0.444%. 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). The WPP Plc 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 £759.49 and £728.89. A breakdown below any of these levels will issue sell signals. 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 WPP Plc stock
WPP Plc finds support from accumulated volume at £755.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 £12.60 between high and low, or 1.68%. For the last week, the stock has had daily average volatility of 1.98%.
Our recommended stop-loss: £735.74 (-3.47%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (WPP.L) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect WPP Plc to open at £758.40, and during the day (based on 14 day Average True Range), to move between £746.51 and £777.89, which gives a possible trading interval of +/-£15.69 (+/-2.06%) up or down from last closing price. If WPP Plc takes out the full calculated possible swing range there will be an estimated 4.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £764.40 (0.29%) than the support at £755.20 (0.92%), 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 WPP Plc stock A Buy?
WPP Plc 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: -0.075 Hold/Accumulate Unchanged
Predicted Opening Price for WPP Plc of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| £758.40 ( 0.499%) | £762.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WPP.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 771.00 | 1.15 % | |
| R2 | 766.19 | 0.523 % | ||
| R1 | 763.21 | 0.133 % | ||
| Current price: | 762.20 | |||
| Support | S1 | 753.59 | -1.13 % | |
| S2 | 750.61 | -1.52 % | ||
| S3 | 745.80 | -2.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 781.80 | 2.57 % | |
| R2 | 765.60 | 0.446 % | ||
| R1 | 764.40 | 0.289 % | ||
| Current price | 762.20 | |||
| Support | S1 | 755.20 | -0.92% | |
| S2 | 738.40 | -3.12% | ||
| S3 | 707.20 | -7.22% |
WPP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2024 | Jun 06, 2024 | Jul 05, 2024 | £24.40 | 3.20% |
| 2 | Feb 23, 2023 | Jun 08, 2023 | Jul 07, 2023 | £24.40 | 3.00% |
| 3 | Aug 05, 2022 | Oct 13, 2022 | Nov 01, 2022 | £15.00 | 1.91% |
| 4 | Feb 24, 2022 | Jun 09, 2022 | Jul 08, 2022 | £18.70 | 2.34% |
| 5 | Aug 05, 2021 | Oct 14, 2021 | Nov 01, 2021 | £12.50 | 1.18% |
FAQ
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