Big movements in Westwater Resources, Inc. stock on Thursday moving 47.83% between high and lowStockInvest.us, 11 months ago
The Westwater Resources, Inc. stock fell by -33.45% in the last day (Thursday, 8th Oct 2020) from $11.72 to $7.80. and has now fallen 3 days in a row. During the day the stock fluctuated 47.83% from a day low at $7.61 to a day high of $11.25. The price has risen in 8 of the last 10 days and is up by 441.67% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -12 million shares and in total 23 million shares were bought and sold for approximately $179.09 million.
The stock lies in the middle of a very 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 23.22% during the next 3 months and, with a 90% probability hold a price between $2.19 and $14.63 at the end of this 3-month period.
The Westwater Resources, Inc. stock holds buy signals from both short and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $7.07 and $2.87. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 months 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 sales signal was issued from a pivot top point on Tuesday October 06, 2020 , and it has fallen so far -33.90%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during a day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $3.64 between high and low, or 47.83%. For the last week, the stock has had daily average volatility of 68.28%.
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Westwater Resources, Inc. stock to perform well in the short-term.Check full Westwater Resources, Inc. forecast and analysis here.