WPM Price Prediction Next Week
Technical Analysis
Recent price action shows WPM has entered a bearish trend, with the stock declining from $69.50 to $68.05 last week . The stock has broken below its key support level at $69.00, suggesting further downside potential.
News Sentiment Analysis Recent options trading data indicates mixed market sentiment:
- Put options at $68 strike have 56% probability of expiring worthless
- Call options at $69 strike have 49% probability of expiring worthless
- Implied volatility stands at 32%, slightly higher than historical volatility of 30%
Price Projection for Next Week Based on technical indicators and recent price action:
Target Prices:
- Resistance: $69.00 (previous support turned resistance)
- Support: $67.50 (next technical support level)
- Most Likely Range: $67.50-$68.50
Trading Recommendation SELL with target entry at current price ($68.10)
- Short-term target: $67.50
- Stop loss: $69.20 (above recent high)
Rationale:
- Bearish momentum confirmed by recent price decline
- Break below key support level at $69
- Elevated implied volatility suggesting increased downside risk
- Negative technical indicators pointing to continued weakness
WPM Similar Chart Price Prediction
The price of WPM is predicted to go up 0.74%, based on the high correlation periods with ORLY. The similarity of these two price pattern on the periods is 98.9%.
WPM
ORLY
Up: 0.74%Similarity: 98.9%
WPM Revenue Forecast
WPM EPS Forecast
WPM FAQs
What is bull’s view on WPM?
What is bear's view on WPM?
What is WPM revenue forecast for next quarter？
What is WPM eps forecast for next quarter？
WPM Analyst's Forecast
Daniel Major
UBS
Strong Buy
2024-11-18
Price Target
$78
Upside
+28.08%
UBS analyst Daniel Major initiated coverage of Wheaton Precious Metals with a Buy rating and $78 price target. The firm thinks the stock offers lower risk, more reliable leverage to gold price upside and organic growth, adding that in its view the market is not pricing in spot/higher gold prices and organic growth, creating an attractive risk/reward.
Brian MacArthur
Raymond James
Buy
2024-10-25
Price Target
$74 → $75
Upside
+13.43%
Shane Nagle
National Bank Financial Inc
Hold → Buy
2024-10-10
Price Target
$90 → $105
Upside
+72.26%
