Wisetech Global Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Wisetech Global Limited stock upgraded to Buy Candidate.
(Updated on Jun 27, 2024)
The Wisetech Global Limited stock price gained 2.48% on the last trading day (Thursday, 27th Jun 2024), rising from $95.96 to $98.34. During the last trading day the stock fluctuated 4.57% from a day low at $94.04 to a day high of $98.34. The price has risen in 6 of the last 10 days but is still down by -0.58% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 71 thousand more shares were traded than the day before. In total, 456 thousand shares were bought and sold for approximately $44.80 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.17% during the next 3 months and, with a 90% probability hold a price between $99.14 and $112.63 at the end of this 3-month period.
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WTC.AX Signals & Forecast
The Wisetech Global Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $94.32 and $96.97. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 6.97%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Wisetech Global Limited stock
Wisetech Global Limited finds support from accumulated volume at $96.67 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 $4.30 between high and low, or 4.57%. For the last week, the stock has had daily average volatility of 2.88%.
Our recommended stop-loss: $93.16 (-5.26%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (WTC.AX) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Wisetech Global Limited to open at $96.91, and during the day (based on 14 day Average True Range), to move between $95.88 and $100.80, which gives a possible trading interval of +/-$2.46 (+/-2.50%) up or down from last closing price. If Wisetech Global Limited takes out the full calculated possible swing range there will be an estimated 5.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $96.67 (1.70%) than the resistance at $100.03 (1.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wisetech Global Limited 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 Wisetech Global Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.017 Buy Candidate Upgraded
Predicted Opening Price for Wisetech Global Limited of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
$96.91 ( 1.46%) | $98.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WTC.AX
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 101.21 | 2.92% |
R2 | 99.56 | 1.24% |
R1 | 98.55 | 0.213% |
Price | 98.34 | |
S1 | 95.26 | -3.13% |
S2 | 94.25 | -4.16% |
S3 | 92.61 | -5.83% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 101.75 | 3.47% |
R2 | 100.22 | 1.91% |
R1 | 100.03 | 1.72% |
Price | 98.34 | |
S1 | 96.67 | -1.70% |
S2 | 96.15 | -2.23% |
S3 | 93.32 | -5.10% |
WTC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 08, 2024 | Mar 08, 2024 | Apr 05, 2024 | $0.0770 | 0.0847% |
2 | Sep 08, 2023 | Sep 08, 2023 | Oct 06, 2023 | $0.0840 | 0.134% |
3 | Mar 10, 2023 | Mar 10, 2023 | Mar 10, 2023 | $0.0660 | 0.104% |
4 | Sep 09, 2022 | Sep 09, 2022 | Sep 09, 2022 | $0.0640 | 0.106% |
5 | Mar 11, 2022 | Mar 11, 2022 | Mar 11, 2022 | $0.0475 | 0.100% |
FAQ
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