Global Water Resources, 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
Weaker technical forecast for Global Water Resources, Inc as stock downgraded to Hold/Accumulate.
(Updated on May 03, 2024)
The Global Water Resources, Inc stock price fell by -0.0783% on the last day (Friday, 3rd May 2024) from $12.77 to $12.76. During the last trading day the stock fluctuated 0.95% from a day low at $12.68 to a day high of $12.80. The price has been going up and down for this period, and there has been a 2.57% gain for the last 2 weeks. Volume has increased on the last day by 2 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, 17 thousand shares were bought and sold for approximately $216.10 thousand.
The stock lies in the middle of a 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 -2.03% during the next 3 months and, with a 90% probability hold a price between $11.71 and $12.72 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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GWRS Signals & Forecast
The Global Water Resources, 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 $12.48 and $12.47. 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 02, 2024, and so far it has fallen -0.0783%. Further fall is indicated until a new bottom pivot has been found. 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 $12.70 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 $0.120 between high and low, or 0.95%. For the last week the stock has had daily average volatility of 2.88%.
Our recommended stop-loss: $12.41 (-2.73%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (GWRS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Global Water Resources, Inc to open at $12.75, and during the day (based on 14 day Average True Range), to move between $12.40 and $13.12, which gives a possible trading interval of +/-$0.360 (+/-2.82%) 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 5.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.70 (0.47%) than the resistance at $12.94 (1.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Global Water Resources, Inc will release earnings AMC on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0300. We will update the financials statements for Global Water Resources, Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.13% in the first trading day after earnings release.
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. 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: 0.799 Hold/Accumulate Downgraded
Predicted Opening Price for Global Water Resources, Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $12.75 ( 0.104%) | $12.76 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 12.87 | 0.84 % | |
| R2 | 12.82 | 0.477 % | ||
| R1 | 12.79 | 0.255 % | ||
| Current price: | 12.76 | |||
| Support | S1 | 12.70 | -0.464 % | |
| S2 | 12.67 | -0.686 % | ||
| S3 | 12.63 | -1.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.10 | 2.66 % | |
| R2 | 13.01 | 1.96 % | ||
| R1 | 12.94 | 1.41 % | ||
| Current price | 12.76 | |||
| Support | S1 | 12.70 | -0.470% | |
| S2 | 12.28 | -3.76% | ||
| S3 | 12.25 | -4.00% |
GWRS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | May 31, 2024 | $0.0251 | 0.196% |
| 2 | Mar 28, 2024 | Apr 15, 2024 | Apr 30, 2024 | $0.0251 | 0.205% |
| 3 | Feb 29, 2024 | Mar 13, 2024 | Mar 28, 2024 | $0.0251 | 0.195% |
| 4 | Jan 31, 2024 | Feb 14, 2024 | Feb 29, 2024 | $0.0251 | 0.194% |
| 5 | Dec 28, 2023 | Jan 16, 2024 | Jan 31, 2024 | $0.0251 | 0.209% |
FAQ
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