WSFS Financial Corporation Stock Forecast
WSFS Financial Corporation stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The WSFS Financial Corporation stock price fell by -3.77% on the last day (Friday, 26th Apr 2024) from $44.53 to $42.85. During the last trading day the stock fluctuated 4.08% from a day low at $42.63 to a day high of $44.37. The price has been going up and down for this period, and there has been a 0.23% gain for the last 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 -27 thousand shares and in total, 288 thousand shares were bought and sold for approximately $12.33 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect WSFS Financial Corporation stock with a 90% probability to be traded between $41.83 and $45.78 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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WSFS Signals & Forecast
There are few to no technical positive signals at the moment. The WSFS Financial Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $43.78 and $43.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -5.07%. 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). 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 WSFS Financial Corporation stock
WSFS Financial Corporation finds support from accumulated volume at $41.98 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 $1.74 between high and low, or 4.08%. For the last week, the stock has had daily average volatility of 4.10%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WSFS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect WSFS Financial Corporation to open at $43.28, and during the day (based on 14 day Average True Range), to move between $41.45 and $44.25, which gives a possible trading interval of +/-$1.40 (+/-3.26%) up or down from last closing price. If WSFS Financial Corporation takes out the full calculated possible swing range there will be an estimated 6.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $43.46 (1.42%) than the support at $41.98 (2.03%), 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 WSFS Financial Corporation stock A Buy?
WSFS Financial Corporation holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.245 Sell Candidate Downgraded
Predicted Opening Price for WSFS Financial Corporation of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $43.28 ( 1.01%) | $42.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WSFS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.02 | 5.07 % | |
| R2 | 44.36 | 3.52 % | ||
| R1 | 43.95 | 2.56 % | ||
| Current price: | 42.85 | |||
| Support | S1 | 42.62 | -0.540 % | |
| S2 | 42.21 | -1.50 % | ||
| S3 | 41.54 | -3.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 43.79 | 2.19 % | |
| R2 | 43.66 | 1.89 % | ||
| R1 | 43.46 | 1.42 % | ||
| Current price | 42.85 | |||
| Support | S1 | 41.98 | -2.03% | |
| S2 | 41.91 | -2.19% | ||
| S3 | 41.66 | -2.78% |
WSFS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 18, 2024 | Feb 08, 2024 | Feb 23, 2024 | $0.150 | 0.357% |
| 2 | Oct 23, 2023 | Nov 02, 2023 | Nov 17, 2023 | $0.150 | 0.376% |
| 3 | Jul 24, 2023 | Aug 03, 2023 | Aug 18, 2023 | $0.150 | 0.362% |
| 4 | Apr 24, 2023 | May 04, 2023 | May 19, 2023 | $0.150 | 0.461% |
| 5 | Jan 26, 2023 | Feb 09, 2023 | Feb 24, 2023 | $0.150 | 0.304% |
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