Wintrust Financial Corporation Stock Forecast
Wintrust Financial Corporation stock downgraded from Buy Candidate to Sell Candidate after Thursday trading session.
(Updated on Mar 28, 2024)
The Wintrust Financial Corporation stock price fell by -1.27% on the last day (Thursday, 28th Mar 2024) from $23.65 to $23.35. During the last trading day the stock fluctuated 0.774% from a day low at $23.26 to a day high of $23.44. The price has been going up and down for this period, and there has been a 0.17% gain for the last 2 weeks. 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 -4 thousand shares and in total, 23 thousand shares were bought and sold for approximately $542.89 thousand.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $23.21 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Wintrust Financial Corporation stock with a 90% probability to be traded between $23.20 and $24.57 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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WTFCM Signals & Forecast
There are mixed signals in the stock today. The Wintrust Financial Corporation 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 $23.57 and $23.62. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Wednesday, March 06, 2024, and so far it has risen 0.560%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Wintrust Financial Corporation stock
Wintrust Financial Corporation finds support from accumulated volume at $23.34 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.180 between high and low, or 0.774%. For the last week the stock has had daily average volatility of 0.92%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WTFCM) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Wintrust Financial Corporation to open at $23.35, and during the day (based on 14 day Average True Range), to move between $23.08 and $23.62, which gives a possible trading interval of +/-$0.272 (+/-1.16%) up or down from last closing price. If Wintrust Financial Corporation takes out the full calculated possible swing range there will be an estimated 2.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.36 (0.04%) than the support at $23.34 (0.04%), 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 negative signals and we believe that 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 Buy to a Sell candidate.
Current score: -1.643 Sell Candidate Downgraded
Predicted Opening Price for Wintrust Financial Corporation of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$23.35 ( 0.00000000%) | $23.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WTFCM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23.53 | 0.771 % | |
R2 | 23.46 | 0.476 % | ||
R1 | 23.42 | 0.294 % | ||
Current price: | 23.35 | |||
Support | S1 | 23.28 | -0.294 % | |
S2 | 23.24 | -0.476 % | ||
S3 | 23.17 | -0.771 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23.65 | 1.28 % | |
R2 | 23.61 | 1.11 % | ||
R1 | 23.36 | 0.0428 % | ||
Current price | 23.35 | |||
Support | S1 | 23.34 | -0.0428% | |
S2 | 23.22 | -0.557% | ||
S3 | 22.70 | -2.78% |
WTFCM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 25, 2024 | Mar 28, 2024 | Apr 15, 2024 | $0.410 | 1.76% |
2 | Oct 26, 2023 | Dec 28, 2023 | Jan 15, 2024 | $0.410 | 1.72% |
3 | Jul 27, 2023 | Sep 28, 2023 | Oct 15, 2023 | $0.410 | 1.93% |
4 | Apr 27, 2023 | Jun 29, 2023 | Oct 15, 2023 | $0.410 | 1.93% |
5 | Jan 26, 2023 | Mar 30, 2023 | Apr 15, 2023 | $0.410 | 1.77% |
FAQ
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