Westrock Company 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 Westrock Company stock price after Friday trading.
(Updated on Apr 19, 2024)
The Westrock Company stock price gained 0.88% on the last trading day (Friday, 19th Apr 2024), rising from $47.57 to $47.99. It has now gained 3 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 1.21% from a day low at $47.80 to a day high of $48.38. The price has been going up and down for this period, and there has been a -1.86% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 10 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $58.37 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 24.83% during the next 3 months and, with a 90% probability hold a price between $58.51 and $64.85 at the end of this 3-month period.
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WRK Signals & Forecast
The Westrock Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $47.80 and $47.85. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical 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 Thursday, March 28, 2024, and so far it has fallen -2.95%. 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).
Support, Risk & Stop-loss for Westrock Company stock
On the downside, the stock finds support just below today's level from accumulated volume at $45.29 and $42.82. 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, Westrock Company finds support just below today's level at $45.29. If this is broken, then the next support from accumulated volume will be at $42.82 and $39.92.
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 $0.580 between high and low, or 1.21%. For the last week the stock has had daily average volatility of 1.94%.
Our recommended stop-loss: $45.76 (-4.66%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (WRK) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Westrock Company to open at $48.06, and during the day (based on 14 day Average True Range), to move between $47.14 and $48.84, which gives a possible trading interval of +/-$0.85 (+/-1.77%) up or down from last closing price. If Westrock Company takes out the full calculated possible swing range there will be an estimated 3.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $48.90 (1.90%) than the support at $45.29 (5.63%), 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 Westrock Company 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 Westrock Company stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.327 Buy Candidate Upgraded
Predicted Opening Price for Westrock Company of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $48.06 ( 0.139%) | $47.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WRK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 48.64 | 1.35 % | |
| R2 | 48.42 | 0.89 % | ||
| R1 | 48.28 | 0.601 % | ||
| Current price: | 47.99 | |||
| Support | S1 | 47.84 | -0.323 % | |
| S2 | 47.70 | -0.608 % | ||
| S3 | 47.48 | -1.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.34 | 2.81 % | |
| R2 | 49.20 | 2.52 % | ||
| R1 | 48.90 | 1.90 % | ||
| Current price | 47.99 | |||
| Support | S1 | 45.29 | -5.63% | |
| S2 | 42.82 | -10.77% | ||
| S3 | 39.92 | -16.82% |
WRK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 26, 2024 | Feb 08, 2024 | Feb 21, 2024 | $0.303 | 0.691% |
| 2 | Oct 27, 2023 | Nov 10, 2023 | Nov 21, 2023 | $0.300 | 0.83% |
| 3 | Jul 28, 2023 | Aug 09, 2023 | Aug 24, 2023 | $0.275 | 0.87% |
| 4 | Apr 28, 2023 | May 10, 2023 | Aug 24, 2023 | $0.275 | 0.87% |
| 5 | Jan 27, 2023 | Feb 09, 2023 | May 25, 2023 | $0.275 | 0.99% |
FAQ
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