Wintrust Financial Corporation Stock Forecast
Red day on Thursday for Wintrust Financial Corporation
(Updated on Apr 25, 2024)
The Wintrust Financial Corporation stock price fell by -0.96% on the last day (Thursday, 25th Apr 2024) from $100.13 to $99.17. During the last trading day the stock fluctuated 1.76% from a day low at $97.65 to a day high of $99.37. The price has risen in 6 of the last 10 days and is up by 1.62% over the past 2 weeks. Volume has increased on the last day by 77 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 297 thousand shares were bought and sold for approximately $29.41 million.
The stock lies in the middle of a wide and weak 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 4.48% during the next 3 months and, with a 90% probability hold a price between $99.23 and $110.89 at the end of this 3-month period.
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WTFC Signals & Forecast
The Wintrust Financial Corporation 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 $98.01 and $98.89. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 4.99%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Wintrust Financial Corporation stock
Wintrust Financial Corporation finds support from accumulated volume at $97.07 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.72 between high and low, or 1.76%. For the last week, the stock has had daily average volatility of 2.00%.
Our recommended stop-loss: $95.40 (-3.80%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (WTFC) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Wintrust Financial Corporation to open at $98.73, and during the day (based on 14 day Average True Range), to move between $96.96 and $101.38, which gives a possible trading interval of +/-$2.21 (+/-2.23%) up or down from last closing price. If Wintrust Financial Corporation takes out the full calculated possible swing range there will be an estimated 4.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $99.41 (0.24%) than the support at $97.07 (2.12%), 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 Wintrust Financial Corporation stock A Buy?
Wintrust Financial Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.501 Hold/Accumulate Unchanged
Predicted Opening Price for Wintrust Financial Corporation of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $98.73 ( 0.444%) | $99.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WTFC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 100.45 | 1.29 % | |
| R2 | 99.79 | 0.628 % | ||
| R1 | 99.39 | 0.219 % | ||
| Current price: | 99.17 | |||
| Support | S1 | 98.07 | -1.11 % | |
| S2 | 97.67 | -1.52 % | ||
| S3 | 97.01 | -2.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 100.06 | 0.90 % | |
| R2 | 99.92 | 0.756 % | ||
| R1 | 99.41 | 0.242 % | ||
| Current price | 99.17 | |||
| Support | S1 | 97.07 | -2.12% | |
| S2 | 95.30 | -3.90% | ||
| S3 | 94.46 | -4.75% |
WTFC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 25, 2024 | Feb 07, 2024 | Feb 22, 2024 | $0.450 | 0.468% |
| 2 | Oct 26, 2023 | Nov 08, 2023 | Nov 24, 2023 | $0.400 | 0.473% |
| 3 | Jul 27, 2023 | Aug 09, 2023 | Aug 24, 2023 | $0.400 | 0.521% |
| 4 | Apr 27, 2023 | May 10, 2023 | Aug 24, 2023 | $0.400 | 0.521% |
| 5 | Jan 26, 2023 | Feb 08, 2023 | Feb 23, 2023 | $0.400 | 0.437% |
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