OneSpaWorld Holdings Ltd. 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
Red day on Friday for OneSpaWorld Holdings Ltd.
(Updated on May 03, 2024)
The OneSpaWorld Holdings Ltd. stock price fell by -0.135% on the last day (Friday, 3rd May 2024) from $14.86 to $14.84. During the last trading day the stock fluctuated 2.32% from a day low at $14.66 to a day high of $15.00. The price has risen in 8 of the last 10 days and is up by 20.65% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -692 thousand shares and in total, 339 thousand shares were bought and sold for approximately $5.03 million.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $14.84, a level that may pose a second chance to hit a runner. According to fan-theory $17.78 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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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
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $14.83 ( 0.0449%) | $14.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OSW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.17 | 2.25 % | |
| R2 | 15.04 | 1.37 % | ||
| R1 | 14.96 | 0.83 % | ||
| Current price: | 14.84 | |||
| Support | S1 | 14.70 | -0.92 % | |
| S2 | 14.62 | -1.46 % | ||
| S3 | 14.49 | -2.34 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 14.96 | 0.81 % | ||
| R1 | 14.86 | 0.135 % | ||
| Current price | 14.84 | |||
| Support | S1 | 14.30 | -3.64% | |
| S2 | 13.56 | -8.63% | ||
| S3 | 12.86 | -13.34% |
OSW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 18, 2020 | Apr 08, 2020 | May 29, 2020 | $0.0400 | 0.612% |
| 2 | Nov 05, 2019 | Jan 09, 2020 | Feb 28, 2020 | $0.0400 | 0.327% |
FAQ
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