Wesbanco, Inc. Stock Forecast
Red day on Friday for Wesbanco, Inc. stock after losing 0.0819%
(Updated on Jun 28, 2024)
The Wesbanco, Inc. stock price fell by -0.0819% on the last day (Friday, 28th Jun 2024) from $24.42 to $24.40. During the last trading day the stock fluctuated 0.287% from a day low at $24.39 to a day high of $24.46. The price has risen in 5 of the last 10 days but is still down by -0.2% for this period. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 7 thousand shares were bought and sold for approximately $159.80 thousand.
The stock lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $24.39 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 2.28% during the next 3 months and, with a 90% probability hold a price between $24.94 and $25.60 at the end of this 3-month period.
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WSBCP Signals & Forecast
There are few to no technical positive signals at the moment. The Wesbanco, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $24.41 and $24.51. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -1.41%. 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). Wesbanco, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Wesbanco, Inc. stock
Wesbanco, Inc. finds support from accumulated volume at $24.30 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 $0.0700 between high and low, or 0.287%. For the last week the stock has had daily average volatility of 0.289%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WSBCP) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Wesbanco, Inc. to open at $24.42, and during the day (based on 14 day Average True Range), to move between $24.22 and $24.58, which gives a possible trading interval of +/-$0.180 (+/-0.74%) up or down from last closing price. If Wesbanco, Inc. takes out the full calculated possible swing range there will be an estimated 1.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.42 (0.08%) than the support at $24.30 (0.41%), 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 Wesbanco, Inc. stock A Buy?
The Wesbanco, Inc. stock holds several negative signals and despite the positive trend, we believe Wesbanco, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.761 Sell Candidate Unchanged
Predicted Opening Price for Wesbanco, Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $24.42 ( 0.0683%) | $24.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WSBCP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.49 | 0.355% |
| R2 | 24.46 | 0.246% |
| R1 | 24.44 | 0.178% |
| Price | 24.40 | |
| S1 | 24.39 | -0.0413% |
| S2 | 24.37 | -0.109% |
| S3 | 24.35 | -0.219% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.70 | 1.23% |
| R2 | 24.66 | 1.07% |
| R1 | 24.42 | 0.0820% |
| Price | 24.40 | |
| S1 | 24.30 | -0.410% |
| S2 | 24.13 | -1.11% |
| S3 | 24.03 | -1.52% |
WSBCP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 17, 2024 | Apr 30, 2024 | May 15, 2024 | $0.422 | 1.71% |
| 2 | Jan 25, 2024 | Feb 02, 2024 | Feb 15, 2024 | $0.422 | 1.76% |
| 3 | Sep 21, 2023 | Oct 31, 2023 | Nov 15, 2023 | $0.422 | 1.82% |
| 4 | Jul 19, 2023 | Jul 31, 2023 | Aug 15, 2023 | $0.422 | 1.86% |
| 5 | Mar 15, 2023 | Apr 28, 2023 | May 15, 2023 | $0.422 | 2.06% |
FAQ
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