WillScot Corporation Class A Stock Forecast
Red day on Thursday for WillScot Corporation Class A stock after losing 0.602%
(Updated on Apr 25, 2024)
The WillScot Corporation Class A stock price fell by -0.602% on the last day (Thursday, 25th Apr 2024) from $38.19 to $37.96. During the last trading day the stock fluctuated 2.01% from a day low at $37.52 to a day high of $38.28. The price has fallen in 8 of the last 10 days and is down by -8.73% for this period. 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 -60 thousand shares and in total, 2 million shares were bought and sold for approximately $64.51 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $37.42 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -20.79% during the next 3 months and, with a 90% probability hold a price between $29.64 and $33.59 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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WSC Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 0.476%. 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. The WillScot Corporation Class A 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 $38.15 and $43.36. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for WillScot Corporation Class A stock
WillScot Corporation Class A finds support from accumulated volume at $37.78 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.755 between high and low, or 2.01%. For the last week, the stock has had daily average volatility of 2.79%.
WillScot Corporation Class A is oversold on RSI14 (11). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WSC) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect WillScot Corporation Class A to open at $37.92, and during the day (based on 14 day Average True Range), to move between $36.80 and $39.12, which gives a possible trading interval of +/-$1.16 (+/-3.06%) up or down from last closing price. If WillScot Corporation Class A takes out the full calculated possible swing range there will be an estimated 6.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $38.01 (0.13%) than the support at $37.78 (0.47%), 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.
Earnings coming up
WillScot Corporation Class A will release earnings AMC on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.320. We will update the financials statements for WillScot Corporation Class A, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.08% in the first trading day after earnings release.
Is WillScot Corporation Class A stock A Buy?
WillScot Corporation Class A holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.884 Sell Candidate Unchanged
Predicted Opening Price for WillScot Corporation Class A of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $37.92 ( 0.110%) | $37.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WSC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.67 | 1.88 % | |
| R2 | 38.38 | 1.12 % | ||
| R1 | 38.21 | 0.650 % | ||
| Current price: | 37.96 | |||
| Support | S1 | 37.63 | -0.87 % | |
| S2 | 37.45 | -1.34 % | ||
| S3 | 37.16 | -2.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 47.30 | 24.60 % | |
| R2 | 45.59 | 20.10 % | ||
| R1 | 38.01 | 0.132 % | ||
| Current price | 37.96 | |||
| Support | S1 | 37.78 | -0.474% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
WSC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 04, 2011 | May 23, 2011 | Jun 09, 2011 | $0.420 | 0% |
| 2 | Jan 24, 2011 | Feb 01, 2011 | Mar 03, 2011 | $0.420 | 0% |
| 3 | Sep 13, 2010 | Nov 02, 2010 | Dec 02, 2010 | $0.410 | 0% |
| 4 | Jul 19, 2010 | Aug 03, 2010 | Sep 02, 2010 | $0.410 | 0% |
| 5 | Mar 19, 2010 | May 04, 2010 | Jun 03, 2010 | $0.410 | 0% |
FAQ
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