Tidewater Inc Stock Forecast
Red day on Tuesday for Tidewater Inc
(Updated on Jun 25, 2024)
The Tidewater Inc stock price fell by -3.21% on the last day (Tuesday, 25th Jun 2024) from $95.25 to $92.19. During the last trading day the stock fluctuated 3.11% from a day low at $91.60 to a day high of $94.45. The price has fallen in 8 of the last 10 days and is down by -12.91% for this period. Volume has increased on the last day by 232 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, 1 million shares were bought and sold for approximately $100.80 million.
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 $94.50. A reaction back to this level may hold a second chance to get out before further falls.
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TDW Signals & Forecast
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. The Tidewater 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 $95.18 and $101.66. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 10, 2024, and so far it has fallen -12.91%. Further fall is indicated until a new bottom pivot has been found. 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 Tidewater Inc stock
Tidewater Inc finds support from accumulated volume at $92.00 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 $2.85 between high and low, or 3.11%. For the last week, the stock has had daily average volatility of 3.65%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TDW) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Tidewater Inc to open at $92.75, and during the day (based on 14 day Average True Range), to move between $87.94 and $96.44, which gives a possible trading interval of +/-$4.25 (+/-4.61%) up or down from last closing price. If Tidewater Inc takes out the full calculated possible swing range there will be an estimated 9.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $92.00 (0.21%) than the resistance at $105.73 (14.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tidewater Inc stock A Buy?
The Tidewater Inc stock holds several negative signals and despite the positive trend, we believe Tidewater Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.183 Sell Candidate Unchanged
Predicted Opening Price for Tidewater Inc of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $92.75 ( 0.604%) | $92.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TDW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 95.60 | 3.70% |
| R2 | 94.51 | 2.51% |
| R1 | 93.84 | 1.78% |
| Price | 92.19 | |
| S1 | 91.66 | -0.577% |
| S2 | 90.99 | -1.31% |
| S3 | 89.90 | -2.49% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 106.51 | 15.53% |
| R2 | 105.86 | 14.83% |
| R1 | 105.73 | 14.69% |
| Price | 92.19 | |
| S1 | 92.00 | -0.206% |
| S2 | 91.42 | -0.84% |
| S3 | 91.05 | -1.24% |
TDW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 22, 2020 | Dec 30, 2020 | Jan 29, 2021 | $0.0100 | 0.105% |
| 2 | Dec 28, 2017 | Dec 28, 2017 | Dec 28, 2017 | $0.0100 | 0.0400% |
| 3 | Nov 12, 2015 | Dec 02, 2015 | Dec 15, 2015 | $8.06 | 3.65% |
| 4 | Jul 31, 2015 | Sep 02, 2015 | Sep 15, 2015 | $8.06 | 1.55% |
| 5 | May 15, 2015 | Jun 03, 2015 | Jun 15, 2015 | $8.06 | 1.08% |
FAQ
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