Clearwater Analytics Holdings, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for Clearwater Analytics Holdings, Inc. stock after losing 0.0515%
(Updated on May 17, 2024)
The Clearwater Analytics Holdings, Inc. stock price fell by -0.0515% on the last day (Friday, 17th May 2024) from $19.40 to $19.39. During the last trading day the stock fluctuated 1.35% from a day low at $19.26 to a day high of $19.52. The price has risen in 8 of the last 10 days and is up by 9.73% over the past 2 weeks. 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 -55 thousand shares and in total, 499 thousand shares were bought and sold for approximately $9.68 million.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $19.39, a level that may pose a second chance to hit a runner. According to fan-theory $23.16 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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CWAN Signals & Forecast
The Clearwater Analytics Holdings, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $18.82 and $17.15. 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 Thursday, May 16, 2024, and so far it has fallen -0.0515%. 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.
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 $17.22 and $16.93. 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 $17.22. If this is broken, then the next support from accumulated volume will be at $16.93 and $16.70.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.260 between high and low, or 1.35%. For the last week, the stock has had daily average volatility of 2.24%.
The Clearwater Analytics Holdings, Inc. stock is extremely overbought on RSI14 (89). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: $18.76 (-3.24%) (This stock has high daily movements and this gives high risk. The RSI14 is 89 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (CWAN) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Clearwater Analytics Holdings, Inc. to open at $19.39, and during the day (based on 14 day Average True Range), to move between $18.89 and $19.89, which gives a possible trading interval of +/-$0.500 (+/-2.58%) 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 5.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.72 (1.70%) than the support at $17.22 (11.19%), 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?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.
Current score: 2.139 Buy Candidate Unchanged
Predicted Opening Price for Clearwater Analytics Holdings, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $19.39 ( 0.0003%) | $19.39 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 19.65 | 1.34 % | |
| R2 | 19.55 | 0.83 % | ||
| R1 | 19.49 | 0.512 % | ||
| Current price: | 19.39 | |||
| Support | S1 | 19.29 | -0.511 % | |
| S2 | 19.23 | -0.83 % | ||
| S3 | 19.13 | -1.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.03 | 3.30 % | |
| R2 | 19.81 | 2.17 % | ||
| R1 | 19.72 | 1.70 % | ||
| Current price | 19.39 | |||
| Support | S1 | 17.22 | -11.19% | |
| S2 | 16.93 | -12.69% | ||
| S3 | 16.70 | -13.87% |
FAQ
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