Global Water Resources, Inc Stock Forecast
Global Water Resources, Inc stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Global Water Resources, Inc stock price fell by -0.494% on the last day (Tuesday, 2nd Jul 2024) from $12.14 to $12.08. During the last trading day the stock fluctuated 2.76% from a day low at $11.95 to a day high of $12.28. The price has been going up and down for this period, and there has been a 0.25% gain for the last 2 weeks. Volume has increased on the last day by 5 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 29 thousand shares were bought and sold for approximately $351.50 thousand.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $11.96 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.13% during the next 3 months and, with a 90% probability hold a price between $11.70 and $12.81 at the end of this 3-month period.
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GWRS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 0.667%. 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). 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 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 $12.09 and $12.47. A break-up above any of these levels will issue buy signals. Global Water Resources, Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Global Water Resources, Inc stock
Global Water Resources, Inc finds support from accumulated volume at $12.07 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.330 between high and low, or 2.76%. For the last week the stock has had daily average volatility of 2.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GWRS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Global Water Resources, Inc to open at $12.10, and during the day (based on 14 day Average True Range), to move between $11.80 and $12.36, which gives a possible trading interval of +/-$0.281 (+/-2.33%) 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 4.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.07 (0.08%) than the resistance at $12.70 (5.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Global Water Resources, Inc stock A Buy?
Global Water Resources, Inc holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.156 Sell Candidate Downgraded
Predicted Opening Price for Global Water Resources, Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $12.10 ( 0.193%) | $12.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GWRS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.43 | 2.92% |
| R2 | 12.31 | 1.88% |
| R1 | 12.23 | 1.24% |
| Price | 12.08 | |
| S1 | 11.98 | -0.85% |
| S2 | 11.90 | -1.49% |
| S3 | 11.77 | -2.54% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.03 | 7.86% |
| R2 | 12.83 | 6.21% |
| R1 | 12.70 | 5.13% |
| Price | 12.08 | |
| S1 | 12.07 | -0.0828% |
| S2 | 12.01 | -0.579% |
| S3 | 12.00 | -0.662% |
GWRS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jul 17, 2024 | Jul 31, 2024 | $0.0251 | 0.208% |
| 2 | May 31, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.0251 | 0.207% |
| 3 | May 16, 2024 | May 16, 2024 | May 31, 2024 | $0.0251 | 0.194% |
| 4 | Mar 28, 2024 | Apr 15, 2024 | Apr 30, 2024 | $0.0251 | 0.205% |
| 5 | Feb 29, 2024 | Mar 13, 2024 | Mar 28, 2024 | $0.0251 | 0.195% |
FAQ
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