WSP Global Inc. Stock Forecast
Green day on Wednesday for WSP Global Inc.
(Updated on May 01, 2024)
The WSP Global Inc. stock price gained 0.273% on the last trading day (Wednesday, 1st May 2024), rising from $208.89 to $209.46. During the last trading day the stock fluctuated 1.98% from a day low at $206.67 to a day high of $210.76. The price has been going up and down for this period, and there has been a -0.63% loss for the last 2 weeks. Volume fell on the last day by -45 thousand shares and in total, 125 thousand shares were bought and sold for approximately $26.27 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $211.09. A reaction back to this level may hold a second chance to get out before further falls.
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WSP.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 0.485%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The WSP Global 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 $212.38 and $217.20. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for WSP Global Inc. stock
WSP Global Inc. finds support from accumulated volume at $208.89 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 $4.09 between high and low, or 1.98%. For the last week the stock has had daily average volatility of 1.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WSP.TO) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect WSP Global Inc. to open at $208.96, and during the day (based on 14 day Average True Range), to move between $205.62 and $213.30, which gives a possible trading interval of +/-$3.84 (+/-1.83%) up or down from last closing price. If WSP Global Inc. takes out the full calculated possible swing range there will be an estimated 3.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $208.89 (0.27%) than the resistance at $211.25 (0.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
WSP Global Inc. will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.45. We will update the financials statements for WSP Global Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.20% in the first trading day after earnings release.
Is WSP Global Inc. stock A Buy?
The WSP Global Inc. stock holds several negative signals and despite the positive trend, we believe WSP Global Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.317 Sell Candidate Unchanged
Predicted Opening Price for WSP Global Inc. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $208.96 ( 0.237%) | $209.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WSP.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 213.05 | 1.72 % | |
| R2 | 211.49 | 0.97 % | ||
| R1 | 210.53 | 0.509 % | ||
| Current price: | 209.46 | |||
| Support | S1 | 207.40 | -0.98 % | |
| S2 | 206.44 | -1.44 % | ||
| S3 | 204.87 | -2.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 222.07 | 6.02 % | |
| R2 | 215.42 | 2.85 % | ||
| R1 | 211.25 | 0.85 % | ||
| Current price | 209.46 | |||
| Support | S1 | 208.89 | -0.272% | |
| S2 | 208.45 | -0.482% | ||
| S3 | 196.87 | -6.01% |
WSP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.375 | 0.179% |
| 2 | Nov 08, 2023 | Dec 28, 2023 | Jan 15, 2024 | $0.375 | 0.198% |
| 3 | Aug 08, 2023 | Sep 28, 2023 | Oct 15, 2023 | $0.375 | 0.195% |
| 4 | Jun 29, 2023 | Jun 29, 2023 | Jul 15, 2023 | $0.375 | 0.213% |
| 5 | Mar 08, 2023 | Mar 30, 2023 | Apr 15, 2023 | $0.375 | 0.214% |
FAQ
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