Wilh Wilhelmsen Holding ASA Stock Forecast
Stronger technical forecast for Wilh Wilhelmsen Holding ASA stock price after Thursday trading.
(Updated on Jun 27, 2024)
The Wilh Wilhelmsen Holding ASA stock price gained 0.388% on the last trading day (Thursday, 27th Jun 2024), rising from kr387.00 to kr388.50. During the last trading day the stock fluctuated 1.16% from a day low at kr387.00 to a day high of kr391.50. The price has been going up and down for this period, and there has been a 4.3% gain for the last 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 7 thousand shares were bought and sold for approximately kr2.89 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 stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at kr395.61 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Wilh Wilhelmsen Holding ASA stock with a 90% probability to be traded between kr364.19 and kr402.98 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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WWI.OL Signals & Forecast
The Wilh Wilhelmsen Holding ASA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at kr379.29 and kr379.23. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 8.98%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Wilh Wilhelmsen Holding ASA stock
Wilh Wilhelmsen Holding ASA finds support from accumulated volume at kr388.00 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 kr4.50 between high and low, or 1.16%. For the last week, the stock has had daily average volatility of 2.21%.
Our recommended stop-loss: kr371.01 (-4.50%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (WWI.OL) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Wilh Wilhelmsen Holding ASA to open at kr389.00, and during the day (based on 14 day Average True Range), to move between kr378.31 and kr398.69, which gives a possible trading interval of +/-kr10.19 (+/-2.62%) up or down from last closing price. If Wilh Wilhelmsen Holding ASA takes out the full calculated possible swing range there will be an estimated 5.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr389.00 (0.13%) than the support at kr388.00 (0.13%), 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 Wilh Wilhelmsen Holding ASA stock A Buy?
Wilh Wilhelmsen Holding ASA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.715 Hold/Accumulate Upgraded
Predicted Opening Price for Wilh Wilhelmsen Holding ASA of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| kr389.00 ( 0.129%) | kr388.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WWI.OL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 393.50 | 1.29% |
| R2 | 391.78 | 0.84% |
| R1 | 390.72 | 0.571% |
| Price | 388.50 | |
| S1 | 387.28 | -0.314% |
| S2 | 386.22 | -0.587% |
| S3 | 384.50 | -1.03% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 392.00 | 0.90% |
| R2 | 390.00 | 0.386% |
| R1 | 389.00 | 0.129% |
| Price | 388.50 | |
| S1 | 388.00 | -0.129% |
| S2 | 387.00 | -0.386% |
| S3 | 386.50 | -0.515% |
WWI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 03, 2024 | May 03, 2024 | May 31, 2024 | kr10.00 | 2.57% |
| 2 | Nov 09, 2023 | Nov 09, 2023 | Nov 22, 2023 | kr4.00 | 1.22% |
| 3 | Apr 28, 2023 | Apr 28, 2023 | Apr 28, 2023 | kr6.00 | 2.15% |
| 4 | Nov 10, 2022 | Nov 10, 2022 | Nov 10, 2022 | kr3.00 | 1.13% |
| 5 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | kr4.00 | 1.74% |
FAQ
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