Weight Watchers International, Inc Stock Forecast
Weight Watchers International, Inc stock price up 0.516% on Friday
(Updated on May 10, 2024)
The Weight Watchers International, Inc stock price gained 0.516% on the last trading day (Friday, 10th May 2024), rising from $255.61 to $256.93. During the last trading day the stock fluctuated 1.08% from a day low at $254.53 to a day high of $257.28. The price has risen in 6 of the last 10 days and is up by 2.38% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 145 thousand more shares were traded than the day before. In total, 414 thousand shares were bought and sold for approximately $106.33 million.
The stock lies in the middle of a 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 -8.70% during the next 3 months and, with a 90% probability hold a price between $225.41 and $240.44 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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WTW Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 2.38%. Further rise is indicated until a new top pivot has been found. 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 Weight Watchers International, Inc 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 $262.19. On a fall, the stock will find some support from the short-term average at $253.99. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Weight Watchers International, Inc stock
Weight Watchers International, Inc finds support from accumulated volume at $256.92 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 $2.75 between high and low, or 1.08%. For the last week the stock has had daily average volatility of 0.97%.
Our recommended stop-loss: $242.12 (-5.76%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (WTW) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Weight Watchers International, Inc to open at $256.25, and during the day (based on 14 day Average True Range), to move between $252.85 and $261.01, which gives a possible trading interval of +/-$4.08 (+/-1.59%) up or down from last closing price. If Weight Watchers International, Inc takes out the full calculated possible swing range there will be an estimated 3.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $256.92 (0.00%) than the resistance at $260.31 (1.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Weight Watchers International, Inc stock A Buy?
Weight Watchers International, Inc 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: -0.030 Hold/Accumulate Unchanged
Predicted Opening Price for Weight Watchers International, Inc of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $256.25 ( 0.266%) | $256.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WTW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 259.00 | 0.80 % | |
| R2 | 257.95 | 0.396 % | ||
| R1 | 257.30 | 0.143 % | ||
| Current price: | 256.93 | |||
| Support | S1 | 255.20 | -0.675 % | |
| S2 | 254.55 | -0.93 % | ||
| S3 | 253.50 | -1.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 275.00 | 7.03 % | |
| R2 | 271.95 | 5.85 % | ||
| R1 | 260.31 | 1.32 % | ||
| Current price | 256.93 | |||
| Support | S1 | 256.92 | -0.0039% | |
| S2 | 251.14 | -2.25% | ||
| S3 | 250.95 | -2.33% |
WTW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 26, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.88 | 0.340% |
| 2 | Dec 04, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.84 | 0.342% |
| 3 | Aug 09, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.84 | 0.391% |
| 4 | May 17, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.84 | 0.366% |
| 5 | Feb 07, 2023 | Mar 30, 2023 | Apr 17, 2023 | $0.84 | 0.353% |
FAQ
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