Consolidated Water Co. Ltd. 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
Evaluation of Consolidated Water Co. Ltd. stock downgraded after the last trading session.
(Updated on May 02, 2024)
The Consolidated Water Co. Ltd. stock price gained 1.01% on the last trading day (Thursday, 2nd May 2024), rising from $25.76 to $26.02. It has now gained 5 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 2.07% from a day low at $25.55 to a day high of $26.08. The price has risen in 8 of the last 10 days and is up by 7.92% 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, 14 thousand more shares were traded than the day before. In total, 108 thousand shares were bought and sold for approximately $2.80 million.
The stock lies in the middle of a wide and 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 -19.19% during the next 3 months and, with a 90% probability hold a price between $18.35 and $22.20 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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CWCO Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 8.96%. Further rise is indicated until a new top pivot has been found. 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 Consolidated Water Co. Ltd. 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 $26.33. On a fall, the stock will find some support from the short-term average at $25.37. 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.
Support, Risk & Stop-loss for Consolidated Water Co. Ltd. stock
Consolidated Water Co. Ltd. finds support from accumulated volume at $25.64 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.530 between high and low, or 2.07%. For the last week, the stock has had daily average volatility of 2.27%.
Our recommended stop-loss: $24.98 (-4.01%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (CWCO) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Consolidated Water Co. Ltd. to open at $25.88, and during the day (based on 14 day Average True Range), to move between $25.21 and $26.83, which gives a possible trading interval of +/-$0.81 (+/-3.10%) up or down from last closing price. If Consolidated Water Co. Ltd. takes out the full calculated possible swing range there will be an estimated 6.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.64 (1.46%) than the resistance at $26.64 (2.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Consolidated Water Co. Ltd. stock A Buy?
Consolidated Water Co. Ltd. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Consolidated Water Co. Ltd. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $25.88 ( 0.525%) | $26.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CWCO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.41 | 1.51 % | |
| R2 | 26.21 | 0.734 % | ||
| R1 | 26.09 | 0.253 % | ||
| Current price: | 26.02 | |||
| Support | S1 | 25.68 | -1.30 % | |
| S2 | 25.56 | -1.78 % | ||
| S3 | 25.35 | -2.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.60 | 13.76 % | |
| R2 | 29.31 | 12.64 % | ||
| R1 | 26.64 | 2.38 % | ||
| Current price | 26.02 | |||
| Support | S1 | 25.64 | -1.46% | |
| S2 | 24.45 | -6.03% | ||
| S3 | 24.11 | -7.34% |
CWCO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 27, 2024 | Mar 28, 2024 | Apr 30, 2024 | $0.0950 | 0.373% |
| 2 | Nov 28, 2023 | Dec 29, 2023 | Jan 31, 2024 | $0.0950 | 0.298% |
| 3 | Aug 22, 2023 | Sep 29, 2023 | Oct 31, 2023 | $0.100 | 0.339% |
| 4 | May 24, 2023 | Jun 30, 2023 | Jul 31, 2023 | $0.0850 | 0.435% |
| 5 | Feb 21, 2023 | Mar 31, 2023 | Apr 28, 2023 | $0.0850 | 0.503% |
FAQ
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