Westminster Group Plc Stock Forecast

Green day on Friday for Westminster Group Plc stock after gaining 1.02%
(Updated on May 03, 2024)

WSG.L Signals & Forecast

The Westminster Group 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 £2.54 and £2.28. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -26.40%. 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).

Support, Risk & Stop-loss for Westminster Group Plc stock

Westminster Group Plc finds support from accumulated volume at £2.55 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved £0.0700 between high and low, or 2.79%. For the last week, the stock has had daily average volatility of 4.25%.

Westminster Group Plc is oversold on RSI14 (14). 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: £2.40 (-6.72%) (This stock has very high daily movements and this gives very high risk. Low RSI14 is 14 which reduces the risk some. There is a sell signal from a pivot top found 15 days ago.)

Trading Expectations (WSG.L) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Westminster Group Plc to open at £2.56, and during the day (based on 14 day Average True Range), to move between £2.34 and £2.81, which gives a possible trading interval of +/-£0.233 (+/-9.05%) up or down from last closing price. If Westminster Group Plc takes out the full calculated possible swing range there will be an estimated 18.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £2.55 (1.01%) than the resistance at £2.80 (8.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Westminster Group Plc stock 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 Westminster Group Plc stock to perform well in the short-term.

Current score: 2.391 Buy Candidate Unchanged

Predicted Opening Price for Westminster Group Plc of Tuesday, May 7, 2024

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