Washington Federal Stock Forecast

Green day on Monday for Washington Federal
(Updated on Apr 15, 2024)

WAFD Signals & Forecast

Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Washington Federal 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 $27.42 and $27.66. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -7.03%. 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).

Support, Risk & Stop-loss for Washington Federal stock

Washington Federal finds support from accumulated volume at $26.76 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 $1.14 (4.29%) between high and low. For the last week, the stock has had daily average volatility of 2.76%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (WAFD) For The Upcoming Trading Day Of Tuesday 16th

For the upcoming trading day on Tuesday, 16th we expect Washington Federal to open at $27.08, and during the day (based on 14 day Average True Range), to move between $26.13 and $27.85, which gives a possible trading interval of +/-$0.86 (+/-3.17%) up or down from last closing price. If Washington Federal takes out the full calculated possible swing range there will be an estimated 6.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $26.76 (0.85%) than the resistance at $27.24 (0.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Washington Federal stock A Buy?

Washington Federal holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.371 Sell Candidate Unchanged

Predicted Opening Price for Washington Federal of Tuesday, April 16, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.