Western Union Co 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
Western Union Co stock upgraded to Buy Candidate.
(Updated on May 02, 2024)
The Western Union Co stock price fell by -0.612% on the last day (Thursday, 2nd May 2024) from $13.08 to $13.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.00% from a day low at $12.99 to a day high of $13.25. The price has risen in 6 of the last 10 days and is up by 0.54% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -61 thousand shares and in total, 3 million shares were bought and sold for approximately $42.65 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $12.83 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.65% during the next 3 months and, with a 90% probability hold a price between $13.42 and $15.18 at the end of this 3-month period.
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WU Signals & Forecast
There are mixed signals in the stock today. The Western Union Co 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 $13.34 and $13.42. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.36%. 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). The stock had a Golden Star Signal on Monday, July 10, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, July 10, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Western Union Co stock
Western Union Co finds support from accumulated volume at $12.92 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.260 (2.00%) between high and low. For the last week, the stock has had daily average volatility of 2.24%.
Our recommended stop-loss: $12.26 (-5.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (WU) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Western Union Co to open at $13.08, and during the day (based on 14 day Average True Range), to move between $12.69 and $13.31, which gives a possible trading interval of +/-$0.309 (+/-2.38%) up or down from last closing price. If Western Union Co takes out the full calculated possible swing range there will be an estimated 4.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.92 (0.62%) than the resistance at $13.29 (2.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Western Union Co 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 Western Union Co stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.073 Buy Candidate Upgraded
Predicted Opening Price for Western Union Co of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
$13.08 ( 0.615%) | $13.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WU
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.34 | 2.62 % | |
R2 | 13.24 | 1.85 % | ||
R1 | 13.18 | 1.38 % | ||
Current price: | 13.00 | |||
Support | S1 | 12.98 | -0.149 % | |
S2 | 12.92 | -0.621 % | ||
S3 | 12.82 | -1.38 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.55 | 4.23 % | |
R2 | 13.47 | 3.62 % | ||
R1 | 13.29 | 2.23 % | ||
Current price | 13.00 | |||
Support | S1 | 12.92 | -0.615% | |
S2 | 12.80 | -1.54% | ||
S3 | 12.59 | -3.15% |
WU Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 06, 2024 | Mar 15, 2024 | Mar 29, 2024 | $0.235 | 1.68% |
2 | Feb 06, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.235 | 1.68% |
3 | Dec 12, 2023 | Dec 20, 2023 | Dec 29, 2023 | $0.235 | 1.97% |
4 | Dec 12, 2023 | Dec 19, 2023 | Dec 29, 2023 | $0.235 | 1.97% |
5 | Jul 19, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.235 | 1.78% |
FAQ
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