EN
Takip Edin: @UscMarketsWFAFY Stock Forecast & Wesfarmers Limited Chart Analysis
This article provides a detailed analysis of WFAFY-Wesfarmers Limited stock including a forecast for WFAFY shares. It features Wesfarmers Limited technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
WFAFY Historical Data Review
WFAFY Current Price Performance Analysis
The Wesfarmers Limited - WFAFY stock traded on the American stock market, on 06-05-2024, closed at 21.84$ with a %1.11 increased compared to the previous day.
In the last month, the price of WFAFY changed by %-4.96 decreased in value, from 22.98 dollars on 05-06-2024 to 21.84 dollars, decreased.
Last year, the price of WFAFY was 15.93 dollars on 06-06-2023, and changed by %37.10 increased in value, to 21.84 dollars increased within a year.
The price of Wesfarmers Limited stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
WFAFY with AI Stock Forecast & Price Target
On the WFAFY chart Wesfarmers Limited price was recorded as 21.84 Dollars on 06/05/2024.
The artificial intelligence's forecast on WFAFY stock is as follows.
The artificial intelligence's prediction error margin for WFAFY stock is high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Wesfarmers Limited stock over the next 4 months is: 24.2 Dollars.
The commentary on WFAFY stock Target Price: Highest: 25.179 Dollars is predicted.
The commentary on WFAFY stock Target Price: Lowest: 22.481 Dollars is predicted.
Resistance Price where Wesfarmers Limited stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 07-05-2024 | 24.980 |
| 10-08-2024 | 25.179 |
| 11-22-2024 | 25.111 |
| 12-02-2024 | 25.051 |
| 02-20-2025 | 24.337 |
Support Price where Wesfarmers Limited stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-19-2024 | 22.481 |
| 11-07-2024 | 24.997 |
| 11-27-2024 | 25.045 |
| 01-16-2025 | 23.482 |
| 03-17-2025 | 23.734 |
The commentary on WFAFY stock: Fluctuations in the target price can be expected in the coming days.
The target price for Wesfarmers Limited stock by the end of 2024 is predicted to be 24.176 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on WFAFY stock, and the 2024 target price predictions for Wesfarmers Limited are detailed above.
The technical analysis and charts for the commentary on WFAFY stock are below.
WFAFY Support & Resistance and Trend Analysis
WFAFY stock you have reviewed the technical analysis support resistance charts regarding.
WFAFY : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the WFAFY review, the Wesfarmers Limited support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Wesfarmers Limited Support and Resistance Prices:
| WFAFY Support Level Price | WFAFY Resistance Level Price |
|---|---|
| 16.76 | 17.78 |
| 18.30 | 17.95 |
| 18.31 | 18.78 |
| 18.46 | 19.49 |
| 20.62 | 19.89 |
| 20.68 | 22.85 |
| 20.84 | 23.03 |
| 21.15 | 23.48 |
| 21.29 | 23.82 |
| 21.34 | |
| 21.39 |
WFAFY Technical Analysis: SMA, RSI, MACD
Upon reviewing the WFAFY chart, buy and sell signals have been generated in the Wesfarmers Limited technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for WFAFY stock are as follows:- WFAFY technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Wesfarmers Limited gave a 'Buy' signal when the RSI was at 29.176, with the current RSI value at 36.139.
- The technical analysis for Wesfarmers Limited indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Wesfarmers Limited stock: Click here to read more predictions on Spotify Technology S.A. stock.
Click here for price target predictions and technical analysis charts of other American stocks