Wheaton Precious Metals Corp (Canada) Stock Forecast
Wheaton Precious Metals Corp (Canada) stock price ended at $52.65 on Friday, after losing 0.0759%.
(Updated on Apr 19, 2024)
The Wheaton Precious Metals Corp (Canada) stock price fell by -0.0759% on the last day (Friday, 19th Apr 2024) from $52.69 to $52.65. During the last trading day the stock fluctuated 1.44% from a day low at $52.38 to a day high of $53.14. The price has risen in 6 of the last 10 days and is up by 4.11% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -95 thousand shares and in total, 2 million shares were bought and sold for approximately $87.16 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $52.78 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 12.45% during the next 3 months and, with a 90% probability hold a price between $48.10 and $59.36 at the end of this 3-month period.
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WPM Signals & Forecast
The Wheaton Precious Metals Corp (Canada) stock 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 $52.13 and $47.33. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -0.0759%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Wheaton Precious Metals Corp (Canada) stock
On the downside, the stock finds support just below today's level from accumulated volume at $49.18 and $40.74. 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, Wheaton Precious Metals Corp (Canada) finds support just below today's level at $49.18. If this is broken, then the next support from accumulated volume will be at $40.74 and $39.60.
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 $0.755 between high and low, or 1.44%. For the last week, the stock has had daily average volatility of 2.98%.
Our recommended stop-loss: $50.76 (-3.59%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (WPM) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Wheaton Precious Metals Corp (Canada) to open at $52.72, and during the day (based on 14 day Average True Range), to move between $51.13 and $54.17, which gives a possible trading interval of +/-$1.52 (+/-2.89%) up or down from last closing price. If Wheaton Precious Metals Corp (Canada) takes out the full calculated possible swing range there will be an estimated 5.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $52.67 (0.04%) than the support at $49.18 (6.59%), 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 Wheaton Precious Metals Corp (Canada) stock 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 Wheaton Precious Metals Corp (Canada) stock to perform well in the short-term.
Current score: 3.368 Buy Candidate Unchanged
Predicted Opening Price for Wheaton Precious Metals Corp (Canada) of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$52.72 ( 0.136%) | $52.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WPM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 53.48 | 1.57 % | |
R2 | 53.19 | 1.02 % | ||
R1 | 53.01 | 0.684 % | ||
Current price: | 52.65 | |||
Support | S1 | 52.43 | -0.412 % | |
S2 | 52.26 | -0.750 % | ||
S3 | 51.97 | -1.30 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 52.69 | 0.0760 % | ||
R1 | 52.67 | 0.0380 % | ||
Current price | 52.65 | |||
Support | S1 | 49.18 | -6.59% | |
S2 | 40.74 | -22.62% | ||
S3 | 39.60 | -24.79% |
WPM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 02, 2024 | Apr 02, 2024 | Apr 15, 2024 | $0.155 | 0.303% |
2 | Nov 09, 2023 | Nov 27, 2023 | Dec 08, 2023 | $0.150 | 0.317% |
3 | Aug 24, 2023 | Aug 24, 2023 | Sep 07, 2023 | $0.150 | 0.359% |
4 | May 04, 2023 | May 18, 2023 | Jun 02, 2023 | $0.150 | 0.331% |
5 | Mar 09, 2023 | Mar 23, 2023 | Apr 06, 2023 | $0.150 | 0.303% |
FAQ
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