Why did WEB.AX stock fall 29% today?

The drop reflects heavy intraday selling, a volume spike to **33,594,840** shares and negative travel sector sentiment. No single disclosure explained the move; market flow and macro risk likely amplified selling pressure.

What is Meyka AI's short-term forecast for WEB.AX stock?

Meyka AI's forecast model projects a one-month target of **A$4.62**, implying **+56.08%** versus the current **A$2.96**. Forecasts are model-based projections and not guarantees.

Is WEB.AX stock a buy after this drop?

Meyka AI assigns WEB.AX a **B (HOLD)** grade. Given valuation gaps, large receivables and sector sensitivity, consider smaller, staged entries and strict stop-loss rules until fundamentals stabilise.

What short-term technical levels matter for WEB.AX stock?

Key intraday support lies near **A$2.48–A$2.75**. Resistance is at the open **A$3.80** and the 50-day average **A$4.73**. RSI and momentum read oversold, so watch volume for reversal confirmation.

AU Stocks

Down 29% intraday: WEB.AX stock A$2.96 on ASX, monitor near-term support

ByDanny Kontos February 7, 2026February 7, 2026

WEB.AX stock plunged 29.52% intraday to A$2.96 on 07 Feb 2026 as heavy selling pushed volume to 33,594,840 shares on the ASX. The move came from an open at A$3.80 and a day low of A$2.48. Traders cited broader travel weakness in the Consumer Cyclical sector and a spike in relative volume (13.47). This note uses Meyka AI-powered market analysis to explain drivers, valuation, technicals and near-term outlook for Web Travel Group Limited (WEB.AX) on the ASX.