Willis Lease Finance Corporation Stock Forecast
Weaker technical forecast for Willis Lease Finance Corporation as stock downgraded to Hold/Accumulate.
(Updated on Apr 24, 2024)
The Willis Lease Finance Corporation stock price fell by -0.526% on the last day (Wednesday, 24th Apr 2024) from $49.45 to $49.19. During the last trading day the stock fluctuated 1.23% from a day low at $48.59 to a day high of $49.19. The price has fallen in 7 of the last 10 days and is down by -1.21% for this period. Volume has increased on the last day by 5 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, 8 thousand shares were bought and sold for approximately $370.45 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Willis Lease Finance Corporation stock with a 90% probability to be traded between $48.51 and $52.06 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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WLFC Signals & Forecast
The Willis Lease Finance Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $49.67. On a fall, the stock will find some support from the long-term average at approximately $49.17. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 16, 2024, and so far it has fallen -2.32%. 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). Willis Lease Finance Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
A buy signal from a double bottom formation was found on Tuesday, March 12, 2024 with a target of $49.05. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Willis Lease Finance Corporation stock
Willis Lease Finance Corporation finds support from accumulated volume at $48.78 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.600 between high and low, or 1.23%. For the last week the stock has had daily average volatility of 1.46%.
Our recommended stop-loss: $47.33 (-3.79%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (WLFC) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Willis Lease Finance Corporation to open at $48.99, and during the day (based on 14 day Average True Range), to move between $48.13 and $50.25, which gives a possible trading interval of +/-$1.06 (+/-2.16%) up or down from last closing price. If Willis Lease Finance Corporation takes out the full calculated possible swing range there will be an estimated 4.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $48.78 (0.83%) than the resistance at $49.60 (0.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Willis Lease Finance Corporation will release earnings BMO on Thursday, May 02, 2024. We will update the financials statements for Willis Lease Finance Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.62% in the first trading day after earnings release.
Is Willis Lease Finance Corporation stock A Buy?
Willis Lease Finance Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.
Current score: -0.461 Hold/Accumulate Downgraded
Predicted Opening Price for Willis Lease Finance Corporation of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $48.99 ( 0.407%) | $49.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WLFC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.59 | 0.81 % | |
| R2 | 49.36 | 0.347 % | ||
| R1 | 49.22 | 0.0594 % | ||
| Current price: | 49.19 | |||
| Support | S1 | 48.76 | -0.87 % | |
| S2 | 48.62 | -1.16 % | ||
| S3 | 48.39 | -1.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.36 | 2.38 % | |
| R2 | 49.89 | 1.42 % | ||
| R1 | 49.60 | 0.83 % | ||
| Current price | 49.19 | |||
| Support | S1 | 48.78 | -0.83% | |
| S2 | 48.50 | -1.40% | ||
| S3 | 48.29 | -1.83% |
FAQ
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