Weibo Corporation Stock Forecast

Green day on Monday for Weibo Corporation stock after gaining 2.41%
(Updated on Apr 22, 2024)

WB Signals & Forecast

There are mixed signals in the stock today. The Weibo Corporation 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 $8.85. On a fall, the stock will find some support from the short-term average at $7.83. 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). A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 6.03%. Further rise is indicated until a new top pivot has been found. 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 Weibo Corporation stock

Weibo Corporation finds support from accumulated volume at $7.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.285 between high and low, or 3.64%. For the last week, the stock has had daily average volatility of 3.48%.

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

Trading Expectations (WB) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Weibo Corporation to open at $8.02, and during the day (based on 14 day Average True Range), to move between $7.68 and $8.50, which gives a possible trading interval of +/-$0.413 (+/-5.10%) up or down from last closing price. If Weibo Corporation takes out the full calculated possible swing range there will be an estimated 10.20% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $7.90 (2.35%) than the resistance at $8.94 (10.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Weibo Corporation stock A Buy?

Weibo Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.250 Sell Candidate Unchanged

Predicted Opening Price for Weibo Corporation of Tuesday, April 23, 2024

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