Wynnstay Group plc 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
Wynnstay Group plc stock price ended at £365.00 on Tuesday, after losing 2.01%.
(Updated on Jul 02, 2024)
The Wynnstay Group plc stock price fell by -2.01% on the last day (Tuesday, 2nd Jul 2024) from £372.50 to £365.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.19% from a day low at £365.00 to a day high of £373.00. The price has fallen in 6 of the last 10 days and is down by -5.57% for this period. 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 -10 thousand shares and in total, 11 thousand shares were bought and sold for approximately £3.95 million.
Given the current short-term trend, the stock is expected to rise 11.31% during the next 3 months and, with a 90% probability hold a price between £406.28 and £449.19 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
WYN.L Signals & Forecast
There are few to no technical positive signals at the moment. The Wynnstay Group plc 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 £380.88 and £383.53. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -8.18%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Wynnstay Group plc stock
Wynnstay Group plc finds support from accumulated volume at £362.50 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 £8.00 between high and low, or 2.19%. For the last week the stock has had daily average volatility of 3.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WYN.L) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Wynnstay Group plc to open at £367.67, and during the day (based on 14 day Average True Range), to move between £353.10 and £376.90, which gives a possible trading interval of +/-£11.90 (+/-3.26%) up or down from last closing price. If Wynnstay Group plc takes out the full calculated possible swing range there will be an estimated 6.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £362.50 (0.68%) than the resistance at £380.00 (4.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wynnstay Group plc stock A Buy?
The Wynnstay Group plc stock holds several negative signals and despite the positive trend, we believe Wynnstay Group plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.416 Sell Candidate Unchanged
Predicted Opening Price for Wynnstay Group plc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| £367.67 ( 0.731%) | £365.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WYN.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 375.67 | 2.92% |
| R2 | 372.61 | 2.09% |
| R1 | 370.72 | 1.57% |
| Price | 365.00 | |
| S1 | 364.61 | -0.107% |
| S2 | 362.72 | -0.624% |
| S3 | 359.67 | -1.46% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 390.00 | 6.85% |
| R2 | 382.50 | 4.79% |
| R1 | 380.00 | 4.11% |
| Price | 365.00 | |
| S1 | 362.50 | -0.685% |
| S2 | 360.00 | -1.37% |
| S3 | 350.00 | -4.11% |
WYN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 26, 2024 | Sep 26, 2024 | Oct 31, 2024 | £5.60 | 1.53% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Apr 30, 2024 | £11.75 | 3.36% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Oct 31, 2023 | £5.50 | 1.44% |
| 4 | Feb 01, 2023 | Mar 30, 2023 | Apr 28, 2023 | £11.60 | 2.65% |
| 5 | Jun 28, 2022 | Sep 29, 2022 | Oct 31, 2022 | £5.40 | 0.88% |
FAQ
Click here for our free guide on how to buy Wynnstay Group plc Stock.
