WH Smith PLC Stock Forecast
Red day on Wednesday for WH Smith PLC stock after losing 1.72%
(Updated on Apr 24, 2024)
The WH Smith PLC stock price fell by -1.72% on the last day (Wednesday, 24th Apr 2024) from £1,280.00 to £1,258.00. During the last trading day the stock fluctuated 4.14% from a day low at £1,257.00 to a day high of £1,309.00. The price has fallen in 7 of the last 10 days and is down by -5.56% 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 -513 thousand shares and in total, 148 thousand shares were bought and sold for approximately £185.76 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.62% during the next 3 months and, with a 90% probability hold a price between £1,274.88 and £1,388.02 at the end of this 3-month period.
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SMWH.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.62%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The WH Smith PLC 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 £1,266.46. On a fall, the stock will find some support from the short-term average at £1,255.43. 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. 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 WH Smith PLC stock
WH Smith PLC finds support from accumulated volume at £1,242.00 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 £52.00 (4.14%) between high and low. For the last week, the stock has had daily average volatility of 2.52%.
Our recommended stop-loss: £1,186.41 (-5.69%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (SMWH.L) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect WH Smith PLC to open at £1,274.67, and during the day (based on 14 day Average True Range), to move between £1,225.55 and £1,290.45, which gives a possible trading interval of +/-£32.45 (+/-2.58%) up or down from last closing price. If WH Smith PLC takes out the full calculated possible swing range there will be an estimated 5.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £1,260.00 (0.16%) than the support at £1,242.00 (1.27%), 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.
Earnings coming up
WH Smith PLC will release earnings BMO on Thursday, April 25, 2024. We will update the financials statements for WH Smith PLC, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.69% in the first trading day after earnings release.
Is WH Smith PLC stock A Buy?
WH Smith PLC 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.
Current score: 0.091 Hold/Accumulate Unchanged
Predicted Opening Price for WH Smith PLC of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| £1,274.67 ( 1.32%) | £1,258.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SMWH.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,326.67 | 5.46 % | |
| R2 | 1,306.80 | 3.88 % | ||
| R1 | 1,294.53 | 2.90 % | ||
| Current price: | 1,258.00 | |||
| Support | S1 | 1,254.80 | -0.254 % | |
| S2 | 1,242.53 | -1.23 % | ||
| S3 | 1,222.67 | -2.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,296.00 | 3.02 % | |
| R2 | 1,266.00 | 0.636 % | ||
| R1 | 1,260.00 | 0.159 % | ||
| Current price | 1,258.00 | |||
| Support | S1 | 1,242.00 | -1.27% | |
| S2 | 1,224.00 | -2.70% | ||
| S3 | 1,221.00 | -2.94% |
SMWH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 11, 2024 | Jan 11, 2024 | Jan 11, 2024 | £0 | 0% |
| 2 | Jul 13, 2023 | Jul 13, 2023 | Jul 13, 2023 | £8.10 | 0.538% |
| 3 | Nov 14, 2022 | Jan 05, 2023 | Jan 26, 2023 | £9.10 | 0.582% |
| 4 | Oct 17, 2019 | Jan 09, 2020 | Jan 30, 2020 | £41.00 | 1.72% |
| 5 | Apr 11, 2019 | Jul 11, 2019 | Aug 01, 2019 | £17.20 | 0.81% |
FAQ
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