Westfield Financial Inc Stock Forecast
Westfield Financial Inc stock price down 1.68% on Wednesday
(Updated on Apr 17, 2024)
The Westfield Financial Inc stock price fell by -1.68% on the last day (Wednesday, 17th Apr 2024) from $6.56 to $6.45. During the last trading day the stock fluctuated 4.13% from a day low at $6.41 to a day high of $6.68. The price has fallen in 7 of the last 10 days and is down by -12.01% for this period. Volume has increased on the last day by 4 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, 49 thousand shares were bought and sold for approximately $317.67 thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $6.32 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -19.92% during the next 3 months and, with a 90% probability hold a price between $5.06 and $6.04 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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WNEB Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 0.624%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Westfield Financial Inc 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 $6.69 and $7.56. 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). Westfield Financial Inc 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".
Support, Risk & Stop-loss for Westfield Financial Inc stock
Westfield Financial Inc finds support from accumulated volume at $6.41 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 $0.265 between high and low, or 4.13%. For the last week, the stock has had daily average volatility of 4.39%.
Westfield Financial Inc is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WNEB) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Westfield Financial Inc to open at $6.51, and during the day (based on 14 day Average True Range), to move between $6.19 and $6.71, which gives a possible trading interval of +/-$0.256 (+/-3.96%) up or down from last closing price. If Westfield Financial Inc takes out the full calculated possible swing range there will be an estimated 7.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.41 (0.62%) than the resistance at $7.61 (17.98%), 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
Westfield Financial Inc will release earnings BMO on Tuesday, April 23, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.120. We will update the financials statements for Westfield Financial Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.41% in the first trading day after earnings release.
Is Westfield Financial Inc stock A Buy?
Westfield Financial Inc 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.
Current score: -2.525 Sell Candidate Unchanged
Predicted Opening Price for Westfield Financial Inc of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $6.51 ( 0.96%) | $6.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WNEB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.78 | 5.06 % | |
| R2 | 6.68 | 3.50 % | ||
| R1 | 6.61 | 2.53 % | ||
| Current price: | 6.45 | |||
| Support | S1 | 6.41 | -0.613 % | |
| S2 | 6.35 | -1.58 % | ||
| S3 | 6.25 | -3.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.00 | 24.03 % | |
| R2 | 7.66 | 18.76 % | ||
| R1 | 7.61 | 17.98 % | ||
| Current price | 6.45 | |||
| Support | S1 | 6.41 | -0.620% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
WNEB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 23, 2024 | Feb 06, 2024 | Feb 21, 2024 | $0.0700 | 0.85% |
| 2 | Oct 24, 2023 | Nov 07, 2023 | Nov 22, 2023 | $0.0700 | 0.91% |
| 3 | Jul 25, 2023 | Aug 08, 2023 | Aug 23, 2023 | $0.0700 | 1.13% |
| 4 | Apr 25, 2023 | May 09, 2023 | May 24, 2023 | $0.0700 | 1.17% |
| 5 | Jan 24, 2023 | Feb 07, 2023 | Feb 22, 2023 | $0.0700 | 0.700% |
FAQ
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