TWC Enterprises Limited Stock Forecast

TWC Enterprises Limited stock price ended at $17.50 on Wednesday, after losing 0%.
(Updated on May 29, 2024)

TWC.TO Signals & Forecast

The TWC Enterprises Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $17.52. On a fall, the stock will find some support from the long-term average at approximately $17.34. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Friday, May 24, 2024, and so far it has fallen -1.46%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Wednesday, March 13, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for TWC Enterprises Limited stock

TWC Enterprises Limited finds support from accumulated volume at $16.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.286%

Our recommended stop-loss: $16.87 (-3.63%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (TWC.TO) For The Upcoming Trading Day Of Thursday 30th

For the upcoming trading day on Thursday, 30th we expect TWC Enterprises Limited to open at $17.50, and during the day (based on 14 day Average True Range), to move between $17.38 and $17.62, which gives a possible trading interval of +/-$0.123 (+/-0.70%) up or down from last closing price. If TWC Enterprises Limited takes out the full calculated possible swing range there will be an estimated 1.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $17.60 (0.57%) than the support at $16.95 (3.14%), 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 TWC Enterprises Limited 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 TWC Enterprises Limited stock to perform well in the short-term.

Current score: 2.174 Buy Candidate Unchanged

Predicted Opening Price for TWC Enterprises Limited of Thursday, May 30, 2024

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