Wintrust Financial Corporation Stock Forecast
Wintrust Financial Corporation stock price down 0.282% on Monday
(Updated on Jun 17, 2024)
The Wintrust Financial Corporation stock price fell by -0.282% on the last day (Monday, 17th Jun 2024) from $24.80 to $24.73. During the last trading day the stock fluctuated 0.687% from a day low at $24.73 to a day high of $24.90. The price has risen in 5 of the last 10 days but is still down by -0.88% for this period. Volume has increased on the last day by 24 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, 44 thousand shares were bought and sold for approximately $1.08 million.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $24.68 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Wintrust Financial Corporation stock with a 90% probability to be traded between $24.65 and $25.19 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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WTFCP Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $24.86 and $24.98. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -2.02%. Further fall is indicated until a new bottom pivot has been found. Wintrust Financial Corporation 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".
A sell signal from a double top formation was found on Monday, May 20, 2024 with a target of $24.73. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Wintrust Financial Corporation stock
Wintrust Financial Corporation finds support from accumulated volume at $24.72 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 $0.170 between high and low, or 0.687%. For the last week the stock has had daily average volatility of 0.654%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WTFCP) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Wintrust Financial Corporation to open at $24.79, and during the day (based on 14 day Average True Range), to move between $24.57 and $24.89, which gives a possible trading interval of +/-$0.162 (+/-0.66%) up or down from last closing price. If Wintrust Financial Corporation takes out the full calculated possible swing range there will be an estimated 1.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.72 (0.04%) than the resistance at $24.82 (0.36%), 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.
Current score: -2.797 Sell Candidate Unchanged
Predicted Opening Price for Wintrust Financial Corporation of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $24.79 ( 0.229%) | $24.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WTFCP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.96 | 0.92% |
| R2 | 24.89 | 0.654% |
| R1 | 24.85 | 0.492% |
| Price | 24.73 | |
| S1 | 24.72 | -0.0335% |
| S2 | 24.68 | -0.196% |
| S3 | 24.62 | -0.458% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.95 | 0.89% |
| R2 | 24.94 | 0.85% |
| R1 | 24.82 | 0.364% |
| Price | 24.73 | |
| S1 | 24.72 | -0.0404% |
| S2 | 24.71 | -0.0809% |
| S3 | 0 | - |
WTFCP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Jul 01, 2024 | Jul 15, 2024 | $0.430 | 1.74% |
| 2 | Jan 25, 2024 | Mar 28, 2024 | Apr 15, 2024 | $0.430 | 1.74% |
| 3 | Oct 26, 2023 | Dec 28, 2023 | Jan 15, 2024 | $0.430 | 1.74% |
| 4 | Jul 27, 2023 | Sep 28, 2023 | Oct 15, 2023 | $0.430 | 1.84% |
| 5 | Apr 27, 2023 | Jun 29, 2023 | Jul 15, 2023 | $0.430 | 1.83% |
FAQ
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