RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of WF
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Woori Bank stock downgraded to Sell Candidate
(Updated on Mar 27, 2024)

Sell candidate since Mar 27, 2024 PDF

The Woori Bank stock price fell by -2.11% on the last day (Wednesday, 27th Mar 2024) from $34.18 to $33.46. During the last trading day the stock fluctuated 1.89% from a day low at $33.26 to a day high of $33.89. The price has been going up and down for this period, and there has been a -3.52% loss for the last 2 weeks. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 46 thousand shares were bought and sold for approximately $1.54 million.

Given the current short-term trend, the stock is expected to rise 24.29% during the next 3 months and, with a 90% probability hold a price between $41.59 and $45.59 at the end of this 3-month period.

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WF Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Woori Bank stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $34.54 and $33.75. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 15, 2024, and so far it has fallen -6.38%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Woori Bank stock

On the downside, the stock finds support just below today's level from accumulated volume at $31.39 and $28.25. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Woori Bank finds support just below today's level at $31.39. If this is broken, then the next support from accumulated volume will be at $28.25 and $28.15.

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 $0.630 (1.89%) between high and low. For the last week, the stock has had daily average volatility of 2.58%.

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

Trading Expectations (WF) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Woori Bank to open at $33.54, and during the day (based on 14 day Average True Range), to move between $32.63 and $34.29, which gives a possible trading interval of +/-$0.83 (+/-2.47%) up or down from last closing price. If Woori Bank takes out the full calculated possible swing range there will be an estimated 4.93% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $33.90 (1.32%) than the support at $31.39 (6.19%), 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.

Is Woori Bank stock A Buy?

The Woori Bank stock holds several negative signals and despite the positive trend, we believe Woori Bank will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -2.713 Sell Candidate Downgraded

Predicted Opening Price for Woori Bank of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$33.54 ( 0.229%) $33.46

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

Trading levels for WF

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 34.17 2.11 %
R2 33.93 1.39 %
R1 33.78 0.95 %
Current price: 33.46
Support S1 33.30 -0.490 %
S2 33.15 -0.93 %
S3 32.91 -1.65 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 35.50 6.10 %
R2 33.99 1.58 %
R1 33.90 1.32 %
Current price 33.46
Support S1 31.39 -6.19%
S2 28.25 -15.57%
S3 28.15 -15.87%

WF Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 06, 2024 Mar 28, 2024 Mar 28, 2024 $1.19 3.56%
2 Feb 06, 2024 Feb 28, 2024 Feb 28, 2024 $1.45 4.37%
3 Feb 27, 2024 Feb 27, 2024 Feb 27, 2024 $1.45 4.25%
4 Sep 08, 2023 Sep 28, 2023 Nov 17, 2023 $0.320 1.09%
5 Jun 15, 2023 Jun 29, 2023 Aug 16, 2023 $0.320 1.28%

FAQ

What is the symbol for Woori Bank Stock and on which exchange is it traded?
The symbol for Woori Bank is WF and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Woori Bank Stock?
The Woori Bank stock holds several negative signals and despite the positive trend, we believe Woori Bank will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

How to buy Woori Bank Stock?
Woori Bank Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Woori Bank Stock.

What's the current price of Woori Bank Stock?
As of the end of day on the 2024-03-27, the price of an Woori Bank (WF) share was $33.46.

What is the 52-week high and low for Woori Bank Stock?
The 52-week high for Woori Bank Stock is $36.06 and the 52-week low is $24.94.

What is the market capitalization of Woori Bank Stock?
As of the 2024-03-27, the market capitalization of Woori Bank is 8.528B.

When is the next earnings date for Woori Bank?
The upcoming earnings date for Woori Bank is May 21, 2024.
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About Woori Bank

Woori Bank Woori Financial Group Inc., together with its subsidiaries, operates as a commercial bank that provides a range of financial services to individual, business, and institutional customers in Korea. It operates through Banking, Credit Card, Capital, Investment Banking, and Others segments. The company offers savings, demand, and installment deposits; time deposits and certificates of deposit; and working capital, facilities, general purpose househo... WF Profile

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