Global Water Resources, Inc Stock Forecast

Stronger technical forecast for Global Water Resources, Inc stock price after Thursday trading.
(Updated on Apr 25, 2024)

GWRS Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 2.00%. Further rise is indicated until a new top pivot has been found. Global Water Resources, Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Global Water Resources, 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 $12.46. On a fall, the stock will find some support from the short-term average at $12.21. 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 Global Water Resources, Inc stock

Global Water Resources, Inc finds support from accumulated volume at $12.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.330 (2.74%) between high and low. For the last week, the stock has had daily average volatility of 2.45%.

Our recommended stop-loss: $11.55 (-5.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (GWRS) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Global Water Resources, Inc to open at $12.23, and during the day (based on 14 day Average True Range), to move between $11.92 and $12.58, which gives a possible trading interval of +/-$0.328 (+/-2.68%) up or down from last closing price. If Global Water Resources, Inc takes out the full calculated possible swing range there will be an estimated 5.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $12.28 (0.24%) than the support at $12.20 (0.41%), 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 Global Water Resources, Inc stock A Buy?

Global Water Resources, 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.459 Hold/Accumulate Upgraded

Predicted Opening Price for Global Water Resources, Inc of Friday, April 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.