West Pharmaceutical Services Inc 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
Evaluation of West Pharmaceutical Services Inc stock downgraded after the last trading session.
(Updated on Apr 25, 2024)
The West Pharmaceutical Services Inc stock price fell by -4.55% on the last day (Thursday, 25th Apr 2024) from $385.73 to $368.18. During the last trading day the stock fluctuated 6.97% from a day low at $364.89 to a day high of $390.33. The price has fallen in 7 of the last 10 days and is down by -5.01% for this period. 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 -10 thousand shares and in total, 735 thousand shares were bought and sold for approximately $270.71 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect West Pharmaceutical Services Inc stock with a 90% probability to be traded between $361.35 and $426.15 at the end of this 3-month period. 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 top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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WST Signals & Forecast
There are few to no technical positive signals at the moment. 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. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $378.03 and $384.83. 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 -7.81%. 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). 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 West Pharmaceutical Services Inc stock
West Pharmaceutical Services Inc finds support from accumulated volume at $362.05 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 $25.44 between high and low, or 6.97%. For the last week the stock has had daily average volatility of 3.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WST) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect West Pharmaceutical Services Inc to open at $374.47, and during the day (based on 14 day Average True Range), to move between $358.17 and $378.19, which gives a possible trading interval of +/-$10.01 (+/-2.72%) 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 5.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $362.05 (1.66%) than the resistance at $377.99 (2.66%), 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?
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.943 Sell Candidate Downgraded
Predicted Opening Price for West Pharmaceutical Services Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $374.47 ( 1.71%) | $368.18 |
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 | 399.91 | 8.62 % | |
| R2 | 390.19 | 5.98 % | ||
| R1 | 384.18 | 4.35 % | ||
| Current price: | 368.18 | |||
| Support | S1 | 364.75 | -0.93 % | |
| S2 | 358.74 | -2.56 % | ||
| S3 | 349.03 | -5.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 399.39 | 8.48 % | |
| R2 | 397.62 | 8.00 % | ||
| R1 | 377.99 | 2.66 % | ||
| Current price | 368.18 | |||
| Support | S1 | 362.05 | -1.66% | |
| S2 | 350.70 | -4.75% | ||
| S3 | 350.18 | -4.89% |
WST Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | Apr 23, 2024 | May 01, 2024 | $0.200 | 0.0543% |
| 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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