Wolverine World Wide, Inc Stock Forecast

Green day on Friday for Wolverine World Wide, Inc stock after gaining 1.98%
(Updated on Apr 19, 2024)

WWW Signals & Forecast

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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Wolverine World Wide, Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $10.00. On a fall, the stock will find some support from the short-term average at $9.47. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -13.30%. 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).

Support, Risk & Stop-loss for Wolverine World Wide, Inc stock

Wolverine World Wide, Inc finds support from accumulated volume at $9.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.335 between high and low, or 3.52%. For the last week, the stock has had daily average volatility of 3.85%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (WWW) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Wolverine World Wide, Inc to open at $9.73, and during the day (based on 14 day Average True Range), to move between $9.39 and $10.17, which gives a possible trading interval of +/-$0.392 (+/-4.00%) up or down from last closing price. If Wolverine World Wide, Inc takes out the full calculated possible swing range there will be an estimated 8.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $9.88 (1.02%) than the support at $9.59 (1.94%), 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 Wolverine World Wide, Inc stock A Buy?

The Wolverine World Wide, Inc stock holds several negative signals and despite the positive trend, we believe Wolverine World Wide, Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.141 Sell Candidate Unchanged

Predicted Opening Price for Wolverine World Wide, Inc of Monday, April 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.