Wintrust Financial Corporation Stock Forecast
Weaker technical forecast for Wintrust Financial Corporation as stock downgraded to Sell Candidate.
(Updated on Apr 15, 2024)
The Wintrust Financial Corporation stock price gained 0.0176% on the last trading day (Monday, 15th Apr 2024), rising from $23.30 to $23.30. During the last trading day the stock fluctuated 0.84% from a day low at $23.30 to a day high of $23.50. The price has risen in 6 of the last 10 days but is still down by -0.15% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 13 thousand more shares were traded than the day before. In total, 22 thousand shares were bought and sold for approximately $506.52 thousand.
The stock lies in the middle of a narrow and 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 -3.23% during the next 3 months and, with a 90% probability hold a price between $22.13 and $23.20 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.
WTFCM Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, March 06, 2024, and so far it has risen 0.363%. Further rise is indicated until a new top pivot has been found. Wintrust Financial Corporation 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Wintrust Financial Corporation 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 $23.42 and $23.44. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Wintrust Financial Corporation stock
Wintrust Financial Corporation finds support from accumulated volume at $23.29 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 $0.196 between high and low, or 0.84%. For the last week the stock has had daily average volatility of 1.12%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WTFCM) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Wintrust Financial Corporation to open at $23.37, and during the day (based on 14 day Average True Range), to move between $23.03 and $23.57, which gives a possible trading interval of +/-$0.270 (+/-1.16%) up or down from last closing price. If Wintrust Financial Corporation takes out the full calculated possible swing range there will be an estimated 2.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $23.29 (0.06%) than the resistance at $23.35 (0.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wintrust Financial Corporation stock A Buy?
Wintrust Financial Corporation holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.420 Sell Candidate Downgraded
Predicted Opening Price for Wintrust Financial Corporation of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $23.37 ( 0.280%) | $23.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WTFCM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.57 | 1.12 % | |
| R2 | 23.49 | 0.799 % | ||
| R1 | 23.44 | 0.601 % | ||
| Current price: | 23.30 | |||
| Support | S1 | 23.29 | -0.0409 % | |
| S2 | 23.25 | -0.239 % | ||
| S3 | 23.17 | -0.560 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.61 | 1.31 % | |
| R2 | 23.36 | 0.239 % | ||
| R1 | 23.35 | 0.197 % | ||
| Current price | 23.30 | |||
| Support | S1 | 23.29 | -0.0609% | |
| S2 | 23.26 | -0.190% | ||
| S3 | 23.22 | -0.361% |
WTFCM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 25, 2024 | Mar 28, 2024 | Apr 15, 2024 | $0.410 | 1.76% |
| 2 | Oct 26, 2023 | Dec 28, 2023 | Jan 15, 2024 | $0.410 | 1.72% |
| 3 | Jul 27, 2023 | Sep 28, 2023 | Oct 15, 2023 | $0.410 | 1.93% |
| 4 | Apr 27, 2023 | Jun 29, 2023 | Oct 15, 2023 | $0.410 | 1.93% |
| 5 | Jan 26, 2023 | Mar 30, 2023 | Apr 15, 2023 | $0.410 | 1.77% |
FAQ
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