Werner Enterprises Stock Forecast
Werner Enterprises stock price ended at $35.86 on Friday, after gaining 1.70%.
(Updated on Apr 19, 2024)
The Werner Enterprises stock price gained 1.70% on the last trading day (Friday, 19th Apr 2024), rising from $35.26 to $35.86. During the last trading day the stock fluctuated 2.34% from a day low at $35.06 to a day high of $35.88. The price has fallen in 7 of the last 10 days and is down by -5.95% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 23 thousand more shares were traded than the day before. In total, 736 thousand shares were bought and sold for approximately $26.39 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.31% during the next 3 months and, with a 90% probability hold a price between $31.20 and $34.16 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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WERN Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.70%. Further rise is indicated until a new top pivot has been found. 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 Werner Enterprises 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 $36.04 and $37.82. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Werner Enterprises stock
Werner Enterprises finds support from accumulated volume at $35.39 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 $0.82 between high and low, or 2.34%. For the last week, the stock has had daily average volatility of 2.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WERN) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Werner Enterprises to open at $35.60, and during the day (based on 14 day Average True Range), to move between $35.01 and $36.71, which gives a possible trading interval of +/-$0.85 (+/-2.38%) up or down from last closing price. If Werner Enterprises takes out the full calculated possible swing range there will be an estimated 4.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $35.39 (1.31%) than the resistance at $38.01 (6.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Werner Enterprises stock A Buy?
Werner Enterprises holds several negative signals and is within a 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: -1.113 Sell Candidate Unchanged
Predicted Opening Price for Werner Enterprises of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $35.60 ( 0.725%) | $35.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WERN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.42 | 1.56 % | |
| R2 | 36.11 | 0.688 % | ||
| R1 | 35.91 | 0.148 % | ||
| Current price: | 35.86 | |||
| Support | S1 | 35.29 | -1.60 % | |
| S2 | 35.09 | -2.14 % | ||
| S3 | 34.78 | -3.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.38 | 15.39 % | |
| R2 | 39.97 | 11.46 % | ||
| R1 | 38.01 | 6.00 % | ||
| Current price | 35.86 | |||
| Support | S1 | 35.39 | -1.31% | |
| S2 | 35.26 | -1.67% | ||
| S3 | 0 | . |
WERN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Apr 12, 2024 | May 01, 2024 | $0.140 | 0.390% |
| 2 | Nov 06, 2023 | Dec 29, 2023 | Jan 17, 2024 | $0.140 | 0.356% |
| 3 | Aug 10, 2023 | Sep 29, 2023 | Oct 18, 2023 | $0.140 | 0.369% |
| 4 | May 09, 2023 | Jun 30, 2023 | Jul 19, 2023 | $0.140 | 0.315% |
| 5 | Feb 23, 2023 | Apr 14, 2023 | May 03, 2023 | $0.130 | 0.282% |
FAQ
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