Whole Foods Market Fund Forecast

Red day on Tuesday for Whole Foods Market
(Updated on Sep 05, 2017)

WFM Signals & Forecast

The Whole Foods Market fund holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $41.99 and $41.83. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, July 24, 2017, and so far it has risen 0.768%. Further rise is indicated until a new top pivot has been found. 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. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The fund had a Golden Star Signal on Wednesday, August 23, 2017 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the fund in question.

Support, Risk & Stop-loss for Whole Foods Market fund

Whole Foods Market finds support from accumulated volume at $41.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the fund moved $0.0100 between high and low, or 0.0238%. For the last week the fund has had daily average volatility of 0.0191%.

Our recommended stop-loss: $39.72 (-5.40%) (This fund has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)

Trading Expectations (WFM) For The Upcoming Trading Day Of Wednesday 6th

For the upcoming trading day on Wednesday, 6th we expect Whole Foods Market to open at $41.99, and during the day (based on 14 day Average True Range), to move between $41.88 and $42.10, which gives a possible trading interval of +/-$0.106 (+/-0.25%) up or down from last closing price. If Whole Foods Market takes out the full calculated possible swing range there will be an estimated 0.50% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $41.85 (0.33%) than the resistance at $42.68 (1.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Whole Foods Market fund A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Whole Foods Market fund to perform well in the short-term.

Current score: 3.900 Buy Candidate Unchanged

Predicted Opening Price for Whole Foods Market of Wednesday, September 6, 2017

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