OneWater Marine Inc. Stock Forecast
Red day on Tuesday for OneWater Marine Inc.
(Updated on Jun 25, 2024)
The OneWater Marine Inc. stock price fell by -0.83% on the last day (Tuesday, 25th Jun 2024) from $27.82 to $27.59. During the last trading day the stock fluctuated 2.31% from a day low at $27.27 to a day high of $27.90. The price has risen in 6 of the last 10 days but is still down by -5.96% for this period. Volume has increased on the last day by 23 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, 74 thousand shares were bought and sold for approximately $2.05 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.16% during the next 3 months and, with a 90% probability hold a price between $23.73 and $34.64 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ONEW Signals & Forecast
The OneWater Marine 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 $27.14 and $26.51. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 4.27%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for OneWater Marine Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $23.83 and $22.99. 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, OneWater Marine Inc. finds support just below today's level at $23.83. If this is broken, then the next support from accumulated volume will be at $22.99 and $20.96.
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 $0.630 between high and low, or 2.31%. For the last week, the stock has had daily average volatility of 2.83%.
Our recommended stop-loss: $26.31 (-4.62%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (ONEW) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect OneWater Marine Inc. to open at $27.59, and during the day (based on 14 day Average True Range), to move between $26.40 and $28.78, which gives a possible trading interval of +/-$1.19 (+/-4.33%) up or down from last closing price. If OneWater Marine Inc. takes out the full calculated possible swing range there will be an estimated 8.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $29.64 (7.43%) than the support at $23.83 (13.63%), 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 OneWater Marine Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for OneWater Marine Inc. stock to perform well in the short-term.
Current score: 1.389 Buy Candidate Unchanged
Predicted Opening Price for OneWater Marine Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $27.59 ( 0.0121%) | $27.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ONEW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.22 | 2.27% |
| R2 | 27.98 | 1.40% |
| R1 | 27.83 | 0.86% |
| Price | 27.59 | |
| S1 | 27.35 | -0.88% |
| S2 | 27.20 | -1.42% |
| S3 | 26.96 | -2.30% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 31.18 | 13.01% |
| R2 | 30.29 | 9.79% |
| R1 | 29.64 | 7.43% |
| Price | 27.59 | |
| S1 | 23.83 | -13.63% |
| S2 | 22.99 | -16.67% |
| S3 | 20.96 | -24.03% |
ONEW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 17, 2021 | Jun 25, 2021 | Jul 19, 2021 | $1.80 | 4.42% |
FAQ
Click here for our free guide on how to buy OneWater Marine Inc. Stock.
