American Water Works Stock Forecast
Green day on Friday for American Water Works
(Updated on Jun 14, 2024)
The American Water Works stock price gained 0.0619% on the last trading day (Friday, 14th Jun 2024), rising from $129.22 to $129.30. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.76% from a day low at $127.44 to a day high of $129.69. The price has risen in 5 of the last 10 days but is still down by -1.12% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 230 thousand more shares were traded than the day before. In total, 947 thousand shares were bought and sold for approximately $122.51 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.59% during the next 3 months and, with a 90% probability hold a price between $142.16 and $161.27 at the end of this 3-month period.
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AWK Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The American Water Works stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $129.77. On a fall, the stock will find some support from the short-term average at $128.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -4.58%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for American Water Works stock
On the downside, the stock finds support just below today's level from accumulated volume at $118.52 and $118.31. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, American Water Works finds support just below today's level at $118.52. If this is broken, then the next support from accumulated volume will be at $118.31 and $117.14.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.25 (1.76%) between high and low. For the last week, the stock has had daily average volatility of 1.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AWK) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect American Water Works to open at $128.81, and during the day (based on 14 day Average True Range), to move between $126.95 and $131.65, which gives a possible trading interval of +/-$2.35 (+/-1.82%) up or down from last closing price. If American Water Works takes out the full calculated possible swing range there will be an estimated 3.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $130.77 (1.14%) than the support at $118.52 (8.34%), 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 American Water Works stock A Buy?
American Water Works 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.
Current score: -2.280 Sell Candidate Unchanged
Predicted Opening Price for American Water Works of Monday, June 17, 2024
Fair opening price June 17, 2024 | Current price |
---|---|
$128.81 ( 0.380%) | $129.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AWK
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 131.05 | 1.36% |
R2 | 130.20 | 0.693% |
R1 | 129.67 | 0.283% |
Price | 129.30 | |
S1 | 127.95 | -1.04% |
S2 | 127.42 | -1.45% |
S3 | 126.56 | -2.12% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 135.50 | 4.80% |
R2 | 133.75 | 3.44% |
R1 | 130.77 | 1.14% |
Price | 129.30 | |
S1 | 118.52 | -8.34% |
S2 | 118.31 | -8.50% |
S3 | 117.14 | -9.40% |
AWK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 13, 2024 | May 13, 2024 | Jun 03, 2024 | $0.765 | 0.585% |
2 | Dec 06, 2023 | Feb 07, 2024 | Mar 01, 2024 | $0.708 | 0.591% |
3 | Oct 31, 2023 | Nov 14, 2023 | Dec 01, 2023 | $0.708 | 0.531% |
4 | Oct 31, 2023 | Nov 13, 2023 | Dec 01, 2023 | $0.708 | 0.531% |
5 | Jul 26, 2023 | Aug 07, 2023 | Sep 01, 2023 | $0.708 | 0.513% |
FAQ
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