WCM Global Growth Ltd Fund Forecast

WCM Global Growth Ltd fund price down 0.322% on Friday
(Updated on Jun 28, 2024)

WQG.AX Signals & Forecast

The WCM Global Growth Ltd fund 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 fund giving a positive forecast for the stock. On further gains, the fund will meet resistance from the short-term Moving Average at approximately A$1.56. On a fall, the fund will find some support from the long-term average at approximately A$1.52. 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. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 2.31%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this fund may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The fund had a Golden Star Signal on Wednesday, May 15, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the fund in question.

Support, Risk & Stop-loss for WCM Global Growth Ltd fund

WCM Global Growth Ltd finds support from accumulated volume at A$1.51 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund 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 fund. During the last day, the fund moved A$0.0150 between high and low, or 0.98%. For the last week the fund has had daily average volatility of 2.81%.

Our recommended stop-loss: A$1.46 (-5.49%) (This fund has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (WQG.AX) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect WCM Global Growth Ltd to open at A$1.55, and during the day (based on 14 day Average True Range), to move between A$1.52 and A$1.58, which gives a possible trading interval of +/-A$0.0312 (+/-2.02%) up or down from last closing price. If WCM Global Growth Ltd takes out the full calculated possible swing range there will be an estimated 4.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at A$1.56 (0.32%) than the support at A$1.51 (2.90%), 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 WCM Global Growth Ltd fund A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for WCM Global Growth Ltd fund to perform well in the short-term.

Current score: 4.073 Buy Candidate Unchanged

Predicted Opening Price for WCM Global Growth Ltd of Monday, July 1, 2024

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