Webstep AS Stock Forecast
Green day on Thursday for Webstep AS
(Updated on May 16, 2024)
The Webstep AS stock price gained 4.48% on the last trading day (Thursday, 16th May 2024), rising from kr22.30 to kr23.30. During the last trading day the stock fluctuated 2.64% from a day low at kr22.70 to a day high of kr23.30. The price has risen in 5 of the last 10 days and is up by 9.91% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately kr134.19 thousand.
The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at kr21.96, a level that may pose a second chance to hit a runner.
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WSTEP.OL Signals & Forecast
Mostly positive signals in the chart today. The Webstep AS 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 kr22.56 and kr21.38. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 13.66%. 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). Webstep AS has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
A buy signal from a double bottom formation was found on Tuesday, April 16, 2024 with a target of kr22.50. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Webstep AS stock
On the downside, the stock finds support just below today's level from accumulated volume at kr21.60 and kr21.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Webstep AS finds support just below today's level at kr21.60. If this is broken, then the next support from accumulated volume will be at kr21.00 and kr20.80.
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 kr0.600 between high and low, or 2.64%. For the last week, the stock has had daily average volatility of 1.61%.
Our recommended stop-loss: kr22.01 (-5.54%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (WSTEP.OL) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Webstep AS to open at kr23.10, and during the day (based on 14 day Average True Range), to move between kr22.83 and kr23.77, which gives a possible trading interval of +/-kr0.468 (+/-2.01%) up or down from last closing price. If Webstep AS takes out the full calculated possible swing range there will be an estimated 4.02% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr21.60, some kr1.70 (7.30%) from the current price of kr23.30, our system finds the risk reward attractive.
Earnings coming up
Webstep AS will release earnings BMO on Thursday, May 23, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.450. We will update the financials statements for Webstep AS, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.15% in the first trading day after earnings release.
Is Webstep AS stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Webstep AS stock to perform well in the short-term period.
Current score: 4.602 Buy Candidate Unchanged
Predicted Opening Price for Webstep AS of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| kr23.10 ( 0.86%) | kr23.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WSTEP.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.70 | 1.72 % | |
| R2 | 23.47 | 0.733 % | ||
| R1 | 23.33 | 0.125 % | ||
| Current price: | 23.30 | |||
| Support | S1 | 22.87 | -1.84 % | |
| S2 | 22.73 | -2.45 % | ||
| S3 | 22.50 | -3.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 23.30 | |||
| Support | S1 | 21.60 | -7.30% | |
| S2 | 21.00 | -9.87% | ||
| S3 | 20.80 | -10.73% |
WSTEP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 21, 2024 | May 21, 2024 | May 30, 2024 | kr1.00 | 4.29% |
| 2 | May 05, 2023 | May 05, 2023 | May 05, 2023 | kr1.70 | 5.86% |
| 3 | Apr 29, 2022 | Apr 29, 2022 | Apr 29, 2022 | kr1.70 | 5.65% |
| 4 | Apr 29, 2021 | Apr 29, 2021 | Apr 29, 2021 | kr1.60 | 5.05% |
| 5 | Oct 15, 2020 | Oct 15, 2020 | Oct 15, 2020 | kr1.60 | 7.14% |
FAQ
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