Wintrust Financial Corporation 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
Wintrust Financial Corporation stock price up 0.0803% on Tuesday
(Updated on Jun 25, 2024)
The Wintrust Financial Corporation stock price gained 0.0803% on the last trading day (Tuesday, 25th Jun 2024), rising from $24.91 to $24.93. During the last trading day the stock fluctuated 0.307% from a day low at $24.88 to a day high of $24.96. The price has risen in 6 of the last 10 days and is up by 0.4% over the past 2 weeks. Volume fell on the last day by -135 thousand shares and in total, 55 thousand shares were bought and sold for approximately $1.37 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a narrow and horizontal trend and further movements within this trend can 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
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 0.85%. 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). 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 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 $24.94. On a fall, the stock will find some support from the short-term average at $24.80. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
A buy signal from a double bottom formation was found on Tuesday, June 18, 2024 and based on theory for this formation the price should go up by 2.59% to $25.58 within 48 trading days since signal was issued (Tuesday, August 27, 2024).
Support, Risk & Stop-loss for Wintrust Financial Corporation stock
Wintrust Financial Corporation finds support from accumulated volume at $24.91 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0763 between high and low, or 0.307%. For the last week the stock has had daily average volatility of 0.452%
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 Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Wintrust Financial Corporation to open at $24.92, and during the day (based on 14 day Average True Range), to move between $24.78 and $25.08, which gives a possible trading interval of +/-$0.147 (+/-0.59%) up or down from last closing price. If Wintrust Financial Corporation takes out the full calculated possible swing range there will be an estimated 1.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.94 (0.04%) than the support at $24.91 (0.08%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Wintrust Financial Corporation stock A Buy?
Wintrust Financial Corporation 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: -2.476 Sell Candidate Unchanged
Predicted Opening Price for Wintrust Financial Corporation of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $24.92 ( 0.0317%) | $24.93 |
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 | 25.00 | 0.274% |
| R2 | 24.97 | 0.157% |
| R1 | 24.95 | 0.0852% |
| Price | 24.93 | |
| S1 | 24.89 | -0.149% |
| S2 | 24.87 | -0.221% |
| S3 | 24.85 | -0.338% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.12 | 0.762% |
| R2 | 24.95 | 0.0802% |
| R1 | 24.94 | 0.0401% |
| Price | 24.93 | |
| S1 | 24.91 | -0.0802% |
| S2 | 24.74 | -0.762% |
| S3 | 24.72 | -0.84% |
WTFCP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Jul 01, 2024 | Jul 15, 2024 | $0.430 | 1.73% |
| 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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