Clearwater Analytics Holdings, Inc. Stock Forecast
Stronger technical forecast for Clearwater Analytics Holdings, Inc. stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The Clearwater Analytics Holdings, Inc. stock price fell by -0.545% on the last day (Tuesday, 2nd Jul 2024) from $18.34 to $18.24. During the last trading day the stock fluctuated 1.55% from a day low at $18.06 to a day high of $18.34. The price has fallen in 7 of the last 10 days and is down by -4.2% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 million shares and in total, 956 thousand shares were bought and sold for approximately $17.43 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $18.10 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 18.91% during the next 3 months and, with a 90% probability hold a price between $21.52 and $25.12 at the end of this 3-month period.
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CWAN Signals & Forecast
There are few to no technical positive signals at the moment. The Clearwater Analytics Holdings, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $18.51 and $19.08. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -9.70%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Clearwater Analytics Holdings, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $17.18 and $15.82. 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, Clearwater Analytics Holdings, Inc. finds support just below today's level at $17.18. If this is broken, then the next support from accumulated volume will be at $15.82 and $15.78.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.280 between high and low, or 1.55%. For the last week, the stock has had daily average volatility of 3.05%.
Clearwater Analytics Holdings, Inc. is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $17.05 (-6.54%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 23 which reduces the risk some. There is a sell signal from a pivot top found 43 days ago.)
Trading Expectations (CWAN) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Clearwater Analytics Holdings, Inc. to open at $18.21, and during the day (based on 14 day Average True Range), to move between $17.69 and $18.79, which gives a possible trading interval of +/-$0.549 (+/-3.01%) up or down from last closing price. If Clearwater Analytics Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 6.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $18.52 (1.54%) than the support at $17.18 (5.81%), 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 Clearwater Analytics Holdings, Inc. stock A Buy?
Clearwater Analytics Holdings, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.863 Hold/Accumulate Upgraded
Predicted Opening Price for Clearwater Analytics Holdings, Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $18.21 ( 0.146%) | $18.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CWAN
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.49 | 1.39% |
| R2 | 18.39 | 0.80% |
| R1 | 18.32 | 0.440% |
| Price | 18.24 | |
| S1 | 18.11 | -0.733% |
| S2 | 18.04 | -1.09% |
| S3 | 17.93 | -1.68% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.10 | 10.20% |
| R2 | 18.93 | 3.78% |
| R1 | 18.52 | 1.54% |
| Price | 18.24 | |
| S1 | 17.18 | -5.81% |
| S2 | 15.82 | -13.27% |
| S3 | 15.78 | -13.49% |
FAQ
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