Whitbread PLC Stock Forecast
Red day on Wednesday for Whitbread PLC
(Updated on Apr 24, 2024)
The Whitbread PLC stock price fell by -1.51% on the last day (Wednesday, 24th Apr 2024) from $9.75 to $9.60. During the last trading day the stock fluctuated 1.57% from a day low at $9.58 to a day high of $9.73. The price has fallen in 8 of the last 10 days and is down by -5.23% for this period. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 7 thousand shares were bought and sold for approximately $67.69 thousand.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -14.69% during the next 3 months and, with a 90% probability hold a price between $7.97 and $8.52 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
WTBDY Signals & Forecast
There are mixed signals in the stock today. The Whitbread PLC stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $10.09. On a fall, the stock will find some support from the short-term average at $9.59. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Whitbread PLC gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.91%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Whitbread PLC stock
Whitbread PLC finds support from accumulated volume at $9.57 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 $0.150 between high and low, or 1.57%. For the last week, the stock has had daily average volatility of 1.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WTBDY) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Whitbread PLC to open at $9.64, and during the day (based on 14 day Average True Range), to move between $9.42 and $9.78, which gives a possible trading interval of +/-$0.177 (+/-1.84%) up or down from last closing price. If Whitbread PLC takes out the full calculated possible swing range there will be an estimated 3.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.57 (0.31%) than the resistance at $9.68 (0.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Whitbread PLC stock A Buy?
Whitbread PLC holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.655 Sell Candidate Unchanged
Predicted Opening Price for Whitbread PLC of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $9.64 ( 0.382%) | $9.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WTBDY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.79 | 1.94 % | |
| R2 | 9.73 | 1.35 % | ||
| R1 | 9.69 | 0.98 % | ||
| Current price: | 9.60 | |||
| Support | S1 | 9.58 | -0.215 % | |
| S2 | 9.54 | -0.584 % | ||
| S3 | 9.49 | -1.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.13 | 5.52 % | |
| R2 | 9.92 | 3.38 % | ||
| R1 | 9.68 | 0.83 % | ||
| Current price | 9.60 | |||
| Support | S1 | 9.57 | -0.312% | |
| S2 | 9.55 | -0.521% | ||
| S3 | 9.53 | -0.729% |
WTBDY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 02, 2023 | Nov 02, 2023 | Dec 15, 2023 | $0.104 | 0.95% |
| 2 | May 20, 2023 | May 25, 2023 | Jul 14, 2023 | $0.155 | 1.42% |
| 3 | Nov 03, 2022 | Nov 09, 2022 | Dec 23, 2022 | $0.0690 | 0.87% |
| 4 | May 21, 2022 | May 26, 2022 | Jul 11, 2022 | $0.109 | 1.42% |
| 5 | Jun 11, 2020 | Jun 11, 2020 | Jun 11, 2020 | $1.63 | 22.50% |
FAQ
Click here for our free guide on how to buy Whitbread PLC Stock.
