WU Forecast and Technical Stock Analysis
Buy candidate since 2019-09-25 Gain 6.36% PDF
Western Union Co gained 0.13% in the last trading day ( Monday, 14th Oct 2019 ), rising from $23.73 to $23.76 , and has now gained 5 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 1.10% from a day low at $23.54 to a day high of $23.80. The price has risen in 8 of the last 10 days and is up by 2.55% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.33 million more shares were traded than the day before. In total, 4.84 million shares bought and sold for approximately $114.96 million.
- 30 day high of the WU stock price was $23.83 and low was $21.68.
- 90 day high was $24.09 and low was $20.30.
- 52 week high for Western Union Co - $24.09 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 14.52% during the next 3 months and, with 90% probability hold a price between $25.88 and $28.45 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 $23.46 and $22.82. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday October 02, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
The stock holds a RSI14 at 80 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $21.91 and $21.82.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Western Union Co finds support just below today's level at $21.91. If this is broken, then the next support from accumulated volume will be at $21.82 and $21.09.
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 $0.26 (1.10%) between high and low. For the last week, the stock has had daily average volatility of 1.34%.
Our recommended stop-loss: $22.67 (-4.59%) (This stock has low daily movements and this gives low risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from pivot bottom found 8 days ago.)
1.34 %Average volatility
Very Low Low Medium High Very High
Western Union Co holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
|WU $23.76 ($0.03 0.13%)|
WU is up $0.03 today, but where's it headed in 2019?
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