Swiss Water Decaffeinated Coffee Inc. Stock Forecast
Red day on Tuesday for Swiss Water Decaffeinated Coffee Inc.
(Updated on Jun 25, 2024)
The Swiss Water Decaffeinated Coffee Inc. stock price fell by -1.15% on the last day (Tuesday, 25th Jun 2024) from $3.49 to $3.45. During the last trading day the stock fluctuated 1.47% from a day low at $3.40 to a day high of $3.45. The price has fallen in 6 of the last 10 days and is down by -3.9% for this period. Volume has increased on the last day by 20 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, 20 thousand shares were bought and sold for approximately $68.66 thousand.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $3.45. A reaction back to this level may hold a second chance to get out before further falls.
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SWP.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has fallen 0%. 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. The Swiss Water Decaffeinated Coffee 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 $3.52 and $3.72. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Swiss Water Decaffeinated Coffee 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Swiss Water Decaffeinated Coffee Inc. stock
Swiss Water Decaffeinated Coffee Inc. finds support from accumulated volume at $3.40 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 $0.0500 between high and low, or 1.47%. For the last week, the stock has had daily average volatility of 0.98%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SWP.TO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Swiss Water Decaffeinated Coffee Inc. to open at $3.43, and during the day (based on 14 day Average True Range), to move between $3.36 and $3.54, which gives a possible trading interval of +/-$0.0893 (+/-2.59%) up or down from last closing price. If Swiss Water Decaffeinated Coffee Inc. takes out the full calculated possible swing range there will be an estimated 5.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.47 (0.58%) than the support at $3.40 (1.45%), 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 Swiss Water Decaffeinated Coffee Inc. stock A Buy?
The Swiss Water Decaffeinated Coffee Inc. stock holds several negative signals and despite the positive trend, we believe Swiss Water Decaffeinated Coffee Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.651 Sell Candidate Unchanged
Predicted Opening Price for Swiss Water Decaffeinated Coffee Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $3.43 ( 0.483%) | $3.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SWP.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.48 | 0.97% |
| R2 | 3.46 | 0.413% |
| R1 | 3.45 | 0.0705% |
| Price | 3.45 | |
| S1 | 3.41 | -1.04% |
| S2 | 3.40 | -1.38% |
| S3 | 3.38 | -1.93% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.78 | 9.57% |
| R2 | 3.60 | 4.35% |
| R1 | 3.47 | 0.580% |
| Price | 3.45 | |
| S1 | 3.40 | -1.45% |
| S2 | 3.34 | -3.19% |
| S3 | 0 | - |
SWP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 30, 2019 | Dec 30, 2019 | Jan 15, 2020 | $0.0630 | 0.95% |
| 2 | Sep 27, 2019 | Sep 27, 2019 | Sep 27, 2019 | $0.0630 | 1.00% |
| 3 | Jun 27, 2019 | Jun 27, 2019 | Jun 27, 2019 | $0.0630 | 1.03% |
| 4 | Mar 28, 2019 | Mar 28, 2019 | Mar 28, 2019 | $0.0630 | 0.99% |
| 5 | Dec 28, 2018 | Dec 28, 2018 | Dec 28, 2018 | $0.0630 | 1.26% |
FAQ
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