California Water Service Group Holding Stock Forecast
Red day on Thursday for California Water Service Group Holding
(Updated on Mar 28, 2024)
The California Water Service Group Holding stock price fell by -0.407% on the last day (Thursday, 28th Mar 2024) from $46.67 to $46.48. During the last trading day the stock fluctuated 1.40% from a day low at $46.43 to a day high of $47.08. The price has fallen in 6 of the last 10 days and is down by -0.3% for this period. Volume has increased on the last day by 83 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, 256 thousand shares were bought and sold for approximately $11.90 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.33% during the next 3 months and, with a 90% probability hold a price between $40.37 and $45.57 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CWT Signals & Forecast
The California Water Service Group Holding stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $46.22 and $46.41. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 3.08%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 California Water Service Group Holding stock
California Water Service Group Holding finds support from accumulated volume at $46.17 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 $0.650 between high and low, or 1.40%. For the last week the stock has had daily average volatility of 2.33%.
Our recommended stop-loss: $44.65 (-3.93%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (CWT) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect California Water Service Group Holding to open at $46.66, and during the day (based on 14 day Average True Range), to move between $45.38 and $47.58, which gives a possible trading interval of +/-$1.10 (+/-2.36%) up or down from last closing price. If California Water Service Group Holding takes out the full calculated possible swing range there will be an estimated 4.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $46.62 (0.30%) than the support at $46.17 (0.67%), 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 California Water Service Group Holding stock A Buy?
California Water Service Group Holding holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.224 Hold/Accumulate Unchanged
Predicted Opening Price for California Water Service Group Holding of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$46.66 ( 0.394%) | $46.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CWT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 47.31 | 1.79 % | |
R2 | 47.07 | 1.26 % | ||
R1 | 46.91 | 0.93 % | ||
Current price: | 46.48 | |||
Support | S1 | 46.42 | -0.140 % | |
S2 | 46.26 | -0.470 % | ||
S3 | 46.01 | -1.00 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 47.58 | 2.37 % | |
R2 | 47.30 | 1.76 % | ||
R1 | 46.62 | 0.301 % | ||
Current price | 46.48 | |||
Support | S1 | 46.17 | -0.667% | |
S2 | 45.92 | -1.20% | ||
S3 | 45.60 | -1.89% |
CWT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 25, 2024 | Feb 09, 2024 | Feb 23, 2024 | $0.260 | 0.564% |
2 | Oct 25, 2023 | Nov 03, 2023 | Nov 17, 2023 | $0.260 | 0.505% |
3 | Jul 26, 2023 | Aug 04, 2023 | Aug 18, 2023 | $0.260 | 0.503% |
4 | Apr 26, 2023 | May 05, 2023 | May 19, 2023 | $0.260 | 0.476% |
5 | Jan 25, 2023 | Feb 03, 2023 | May 19, 2023 | $0.260 | 0.476% |
FAQ
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