West Pharmaceutical Services Inc Stock Forecast
Stronger technical forecast for West Pharmaceutical Services Inc stock price after Friday trading.
(Updated on Apr 19, 2024)
The West Pharmaceutical Services Inc stock price fell by -1.40% on the last day (Friday, 19th Apr 2024) from $377.33 to $372.04. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.94% from a day low at $371.88 to a day high of $379.09. The price has fallen in 9 of the last 10 days and is down by -5.58% for this period. Volume has increased on the last day by 94 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, 343 thousand shares were bought and sold for approximately $127.51 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $362.20 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.33% during the next 3 months and, with a 90% probability hold a price between $377.90 and $445.83 at the end of this 3-month period.
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WST Signals & Forecast
There are few to no technical positive signals at the moment. The West Pharmaceutical Services Inc 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 $378.94 and $382.10. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 14, 2024, and so far it has fallen -6.85%. 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). 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 West Pharmaceutical Services Inc stock
West Pharmaceutical Services Inc finds support from accumulated volume at $362.05 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $7.21 between high and low, or 1.94%. For the last week the stock has had daily average volatility of 1.81%.
West Pharmaceutical Services Inc is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $356.17 (-4.26%) (This stock has low daily movements and this gives low risk. Low RSI14 is 21 which reduces the risk some. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (WST) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect West Pharmaceutical Services Inc to open at $374.34, and during the day (based on 14 day Average True Range), to move between $363.86 and $380.22, which gives a possible trading interval of +/-$8.18 (+/-2.20%) up or down from last closing price. If West Pharmaceutical Services Inc takes out the full calculated possible swing range there will be an estimated 4.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $377.99 (1.60%) than the support at $362.05 (2.69%), 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.
Earnings coming up
West Pharmaceutical Services Inc will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.29. We will update the financials statements for West Pharmaceutical Services Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.26% in the first trading day after earnings release.
Is West Pharmaceutical Services Inc stock A Buy?
West Pharmaceutical Services Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.420 Hold/Accumulate Upgraded
Predicted Opening Price for West Pharmaceutical Services Inc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $374.34 ( 0.617%) | $372.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 381.55 | 2.56 % | |
| R2 | 378.79 | 1.81 % | ||
| R1 | 377.09 | 1.36 % | ||
| Current price: | 372.04 | |||
| Support | S1 | 371.58 | -0.123 % | |
| S2 | 369.88 | -0.580 % | ||
| S3 | 367.13 | -1.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 399.39 | 7.35 % | |
| R2 | 397.62 | 6.88 % | ||
| R1 | 377.99 | 1.60 % | ||
| Current price | 372.04 | |||
| Support | S1 | 362.05 | -2.69% | |
| S2 | 350.70 | -5.74% | ||
| S3 | 350.18 | -5.88% |
WST Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | Apr 23, 2024 | May 01, 2024 | $0.200 | 0.0538% |
| 2 | Jan 30, 2024 | Jan 30, 2024 | Feb 07, 2024 | $0.200 | 0.0484% |
| 3 | Oct 26, 2023 | Nov 07, 2023 | Nov 15, 2023 | $0.200 | 0.0578% |
| 4 | Apr 27, 2023 | Jul 25, 2023 | Aug 02, 2023 | $0.190 | 0.0513% |
| 5 | Mar 03, 2023 | Apr 25, 2023 | May 03, 2023 | $0.190 | 0.0516% |
FAQ
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