WPP plc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for WPP plc stock price after Monday trading.
(Updated on Apr 22, 2024)
The WPP plc stock price gained 1.97% on the last trading day (Monday, 22nd Apr 2024), rising from $48.18 to $49.13. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.23% from a day low at $48.72 to a day high of $49.32. The price has risen in 6 of the last 10 days and is up by 5.05% over the past 2 weeks. Volume fell on the last day by -200 thousand shares and in total, 233 thousand shares were bought and sold for approximately $11.44 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $48.64, a level that may pose a second chance to hit a runner. According to fan-theory $53.53 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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WPP Signals & Forecast
Mostly positive signals in the chart today. The WPP plc 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 $47.90 and $46.48. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 10.08%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for WPP plc stock
WPP plc finds support from accumulated volume at $48.39 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 1.50%.
Our recommended stop-loss: $47.21 (-3.91%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (WPP) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect WPP plc to open at $49.06, and during the day (based on 14 day Average True Range), to move between $48.28 and $49.98, which gives a possible trading interval of +/-$0.85 (+/-1.74%) up or down from last closing price. If WPP plc takes out the full calculated possible swing range there will be an estimated 3.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $49.19 (0.12%) than the support at $48.39 (1.51%), 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 WPP plc stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.233 Buy Candidate Upgraded
Predicted Opening Price for WPP plc of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $49.06 ( 0.149%) | $49.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WPP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.66 | 1.07 % | |
| R2 | 49.43 | 0.605 % | ||
| R1 | 49.29 | 0.317 % | ||
| Current price: | 49.13 | |||
| Support | S1 | 48.83 | -0.616 % | |
| S2 | 48.69 | -0.90 % | ||
| S3 | 48.46 | -1.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.88 | 1.53 % | |
| R2 | 49.31 | 0.366 % | ||
| R1 | 49.19 | 0.122 % | ||
| Current price | 49.13 | |||
| Support | S1 | 48.39 | -1.51% | |
| S2 | 47.49 | -3.34% | ||
| S3 | 47.37 | -3.58% |
WPP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Jun 07, 2024 | Jul 05, 2024 | $1.54 | 3.13% |
| 2 | Aug 04, 2023 | Oct 12, 2023 | Nov 03, 2023 | $0.95 | 2.06% |
| 3 | Feb 23, 2023 | Jun 08, 2023 | Nov 03, 2023 | $1.47 | 3.18% |
| 4 | Aug 05, 2022 | Oct 13, 2022 | Nov 01, 2022 | $0.91 | 2.02% |
| 5 | Feb 28, 2022 | Jun 09, 2022 | Jul 08, 2022 | $1.25 | 2.61% |
FAQ
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