OneSpaWorld Holdings Ltd. Stock Forecast

OneSpaWorld Holdings Ltd. stock price down 0.135% on Friday
(Updated on May 03, 2024)

OSW Signals & Forecast

The OneSpaWorld Holdings Ltd. 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 $13.53 and $12.94. 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 -0.135%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for OneSpaWorld Holdings Ltd. stock

OneSpaWorld Holdings Ltd. finds support from accumulated volume at $14.30 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 $0.340 between high and low, or 2.32%. For the last week, the stock has had daily average volatility of 4.22%.

The OneSpaWorld Holdings Ltd. stock is extremely overbought on RSI14 (89). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $14.35 (-3.27%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 89 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (OSW) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect OneSpaWorld Holdings Ltd. to open at $14.83, and during the day (based on 14 day Average True Range), to move between $14.38 and $15.30, which gives a possible trading interval of +/-$0.464 (+/-3.13%) up or down from last closing price. If OneSpaWorld Holdings Ltd. takes out the full calculated possible swing range there will be an estimated 6.25% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $14.86 (0.13%) than the support at $14.30 (3.64%), 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 OneSpaWorld Holdings Ltd. stock A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

Current score: 1.453 Buy Candidate Unchanged

Predicted Opening Price for OneSpaWorld Holdings Ltd. of Monday, May 6, 2024

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