West Pharmaceutical Services Inc Stock Forecast
West Pharmaceutical Services Inc stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Apr 16, 2024)
The West Pharmaceutical Services Inc stock price gained 0.177% on the last trading day (Tuesday, 16th Apr 2024), rising from $378.81 to $379.48. During the last trading day the stock fluctuated 1.56% from a day low at $375.23 to a day high of $381.08. The price has fallen in 8 of the last 10 days and is down by -2.17% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 226 thousand more shares were traded than the day before. In total, 444 thousand shares were bought and sold for approximately $168.36 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $368.10 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.01% during the next 3 months and, with a 90% probability hold a price between $393.92 and $465.08 at the end of this 3-month period.
WST Signals & Forecast
The West Pharmaceutical Services Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $385.80 and $380.59. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 14, 2024, and so far it has fallen -4.99%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for West Pharmaceutical Services Inc stock
West Pharmaceutical Services Inc finds support from accumulated volume at $377.99 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 $5.85 between high and low, or 1.56%. For the last week the stock has had daily average volatility of 2.03%.
Our recommended stop-loss: $362.71 (-4.42%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (WST) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect West Pharmaceutical Services Inc to open at $378.60, and during the day (based on 14 day Average True Range), to move between $370.96 and $388.00, which gives a possible trading interval of +/-$8.52 (+/-2.24%) up or down from last closing price. If West Pharmaceutical Services Inc takes out the full calculated possible swing range there will be an estimated 4.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $377.99 (0.39%) than the resistance at $387.62 (2.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is West Pharmaceutical Services Inc stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.034 Buy Candidate Upgraded
Predicted Opening Price for West Pharmaceutical Services Inc of Wednesday, April 17, 2024
Fair opening price April 17, 2024 | Current price |
---|---|
$378.60 ( 0.233%) | $379.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WST
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 384.45 | 1.31 % | |
R2 | 382.21 | 0.720 % | ||
R1 | 380.83 | 0.356 % | ||
Current price: | 379.48 | |||
Support | S1 | 376.36 | -0.82 % | |
S2 | 374.98 | -1.19 % | ||
S3 | 372.75 | -1.77 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 399.39 | 5.25 % | |
R2 | 397.62 | 4.78 % | ||
R1 | 387.62 | 2.15 % | ||
Current price | 379.48 | |||
Support | S1 | 377.99 | -0.393% | |
S2 | 362.05 | -4.59% | ||
S3 | 350.70 | -7.58% |
WST Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 20, 2024 | Apr 23, 2024 | May 01, 2024 | $0.200 | 0.0528% |
2 | Jan 30, 2024 | Jan 30, 2024 | Feb 07, 2024 | $0.200 | 0.0484% |
3 | Oct 26, 2023 | Nov 07, 2023 | Nov 15, 2023 | $0.200 | 0.0578% |
4 | Apr 27, 2023 | Jul 25, 2023 | Aug 02, 2023 | $0.190 | 0.0513% |
5 | Mar 03, 2023 | Apr 25, 2023 | May 03, 2023 | $0.190 | 0.0516% |
FAQ
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