Watts Water Technologies Inc Stock Forecast
Watts Water Technologies Inc stock downgraded to Sell Candidate
(Updated on May 07, 2024)
The Watts Water Technologies Inc stock price fell by -0.561% on the last day (Tuesday, 7th May 2024) from $210.19 to $209.01. During the last trading day the stock fluctuated 2.48% from a day low at $208.53 to a day high of $213.70. The price has risen in 6 of the last 10 days and is up by 1.16% over the past 2 weeks. Volume has increased on the last day by 178 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, 261 thousand shares were bought and sold for approximately $54.46 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Watts Water Technologies Inc stock with a 90% probability to be traded between $196.33 and $212.55 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
WTS Signals & Forecast
The Watts Water Technologies Inc 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 $203.92 and $204.91. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -0.561%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Thursday, May 02, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, May 02, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Watts Water Technologies Inc stock
Watts Water Technologies Inc finds support from accumulated volume at $201.50 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 $5.17 between high and low, or 2.48%. For the last week the stock has had daily average volatility of 2.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WTS) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Watts Water Technologies Inc to open at $210.41, and during the day (based on 14 day Average True Range), to move between $204.93 and $213.09, which gives a possible trading interval of +/-$4.08 (+/-1.95%) up or down from last closing price. If Watts Water Technologies Inc takes out the full calculated possible swing range there will be an estimated 3.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $211.11 (1.00%) than the support at $201.50 (3.59%), 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
Watts Water Technologies Inc will release earnings AMC on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.11. We will update the financials statements for Watts Water Technologies Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.46% in the first trading day after earnings release.
Is Watts Water Technologies Inc stock A Buy?
Watts Water Technologies Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.854 Sell Candidate Downgraded
Predicted Opening Price for Watts Water Technologies Inc of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $210.41 ( 0.671%) | $209.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WTS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 215.59 | 3.15 % | |
| R2 | 213.61 | 2.20 % | ||
| R1 | 212.39 | 1.62 % | ||
| Current price: | 209.01 | |||
| Support | S1 | 208.43 | -0.275 % | |
| S2 | 207.21 | -0.86 % | ||
| S3 | 205.24 | -1.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 218.00 | 4.30 % | |
| R2 | 213.31 | 2.06 % | ||
| R1 | 211.11 | 1.00 % | ||
| Current price | 209.01 | |||
| Support | S1 | 201.50 | -3.59% | |
| S2 | 200.77 | -3.94% | ||
| S3 | 199.01 | -4.78% |
WTS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.360 | 0.176% |
| 2 | Oct 30, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.360 | 0.176% |
| 3 | Jul 31, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.360 | 0.202% |
| 4 | May 02, 2023 | May 31, 2023 | Jun 15, 2023 | $0.360 | 0.202% |
| 5 | Feb 06, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.300 | 0.184% |
FAQ
Click here for our free guide on how to buy Watts Water Technologies Inc Stock.
