WU Forecast and Technical Stock Analysis
Buy candidate since 2019-08-14 Gain 2.99%
Western Union Co gained 1.42% in the last trading day ( Monday, 19th Aug 2019 ), rising from $21.09 to $21.39 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.16% from a day low at $21.20 to a day high of $21.45. The price has risen in 6 of the last 10 days and is up by 1.62% over the past 2 weeks. Volume fell in the last day by -2.61 million shares and in total, 3.35 million shares bought and sold for approximately $71.62 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the WU stock price was $22.28 and low was $20.33.
- 90 day high was $22.28 and low was $19.04.
- 52 week high for Western Union Co - $22.28 and low - $16.42.
Western Union Co lies in the middle of a strong 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 10.44% during the next 3 months and, with 90% probability hold a price between $23.01 and $24.50 at the end of this period.
Only positive signals in the chart today. Western Union Co holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $21.19 and $20.84. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday August 14, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 57 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Western Union Co finds support from accumulated volume at $20.37.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.25 (1.16%) between high and low. For the last week, the stock has had daily average volatility of 1.22%.
Our recommended stop-loss: $20.42 (-4.54%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 3 days ago.)
1.22 %Average volatility
Very Low Low Medium High Very High
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.
|WU $21.39 ($0.30 1.42%)|
WU is up $0.30 today, but where's it headed in 2019?
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