Whirlpool Corporation Stock Forecast
Volatile ride for Whirlpool Corporation stock price on Thursday moving between $92.55 and $102.60
(Updated on Apr 25, 2024)
The Whirlpool Corporation stock price fell by -10.13% on the last day (Thursday, 25th Apr 2024) from $105.68 to $94.97. During the last trading day the stock fluctuated 10.86% from a day low at $92.55 to a day high of $102.60. The price has fallen in 6 of the last 10 days and is down by -14.74% for this period. Volume has increased on the last day by 5 million 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, 7 million shares were bought and sold for approximately $640.31 million.
The stock has broken the wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $101.91 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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WHR Signals & Forecast
There are few to no technical positive signals at the moment. The Whirlpool Corporation 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 $103.44 and $109.73. 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 -20.61%. 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). 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 Whirlpool Corporation stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $10.06 between high and low, or 10.86%. For the last week, the stock has had daily average volatility of 3.79%.
Whirlpool Corporation is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WHR) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Whirlpool Corporation to open at $96.71, and during the day (based on 14 day Average True Range), to move between $91.55 and $98.39, which gives a possible trading interval of +/-$3.42 (+/-3.60%) up or down from last closing price. If Whirlpool Corporation takes out the full calculated possible swing range there will be an estimated 7.20% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $103.13, some $8.16 (8.59%) from the current price of $94.97, our system finds the risk reward not very attractive.
Is Whirlpool Corporation stock A Buy?
Whirlpool Corporation 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.642 Strong Sell Candidate Downgraded
Predicted Opening Price for Whirlpool Corporation of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$96.71 ( 1.83%) | $94.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WHR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 106.76 | 12.41 % | |
R2 | 102.92 | 8.37 % | ||
R1 | 100.55 | 5.87 % | ||
Current price: | 94.97 | |||
Support | S1 | 92.86 | -2.22 % | |
S2 | 90.49 | -4.72 % | ||
S3 | 86.65 | -8.76 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 110.01 | 15.84 % | |
R2 | 105.68 | 11.28 % | ||
R1 | 103.13 | 8.59 % | ||
Current price | 94.97 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
WHR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 15, 2024 | May 16, 2024 | Jun 15, 2024 | $1.75 | 1.84% |
2 | Feb 19, 2024 | Feb 29, 2024 | Mar 15, 2024 | $1.75 | 1.66% |
3 | Oct 16, 2023 | Nov 17, 2023 | Dec 15, 2023 | $1.75 | 1.47% |
4 | Oct 16, 2023 | Nov 16, 2023 | Dec 15, 2023 | $1.75 | 1.47% |
5 | Aug 15, 2023 | Aug 24, 2023 | Sep 15, 2023 | $1.75 | 1.27% |
FAQ
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