West Pharmaceutical Services Inc Forecast and Stock Analysis
Technical WST stock analysis for February 15, 2019.
|Shorts||2.66% ( 2019-01-31 )|
West Pharmaceutical Services Inc fell by -3.71% in the last day from $105.84 to $101.91 The price has risen in 5 of the last 10 days , but is still down by -1.27% for this period. Volume has increased in the last day by 1.21 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.21 million shares bought and sold for approximately $123.17 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the WST stock was $101.91. This is 3.71% less than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 1.89% from a day low at $100.93 to a day high of $102.84.
30 day high of the WST stock price was $108.92 and low was $100.93.
90 day high was $111.63 and low was $91.75.
52 week high for the West Pharmaceutical Services Inc - $125.09 and low - $82.74.
Given the current horizontal trend you can expect West Pharmaceutical Services Inc with 90% probability to be traded between $89.94 and $106.96 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
There are few to none technical positive signals at the moment. West Pharmaceutical Services Inc holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $103.94 and $102.91. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday February 14, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 40 and the stock is currently not being overbought or oversold
Support & Resistance
West Pharmaceutical Services Inc finds support from accumulated volume at $98.24.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.91 (1.89%) between high and low. For the last week, the stock has had a daily average volatility of 1.22%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
West Pharmaceutical Services 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.