Tidewater Midstream & Infrastructure Stock Forecast
Tidewater Midstream & Infrastructure stock price up 2.82% on Monday
(Updated on May 06, 2024)
The Tidewater Midstream & Infrastructure stock price gained 2.82% on the last trading day (Monday, 6th May 2024), rising from $0.710 to $0.730. During the last trading day the stock fluctuated 2.82% from a day low at $0.710 to a day high of $0.730. The price has fallen in 6 of the last 10 days and is down by -1.35% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 97 thousand more shares were traded than the day before. In total, 263 thousand shares were bought and sold for approximately $192.31 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -16.29% during the next 3 months and, with a 90% probability hold a price between $0.536 and $0.657 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TWM.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 4.29%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Tidewater Midstream & Infrastructure has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tidewater Midstream & Infrastructure stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.762. On a fall, the stock will find some support from the short-term average at $0.723. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Tidewater Midstream & Infrastructure stock
Tidewater Midstream & Infrastructure finds support from accumulated volume at $0.720 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 $0.0200 between high and low, or 2.82%. For the last week, the stock has had daily average volatility of 4.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TWM.TO) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Tidewater Midstream & Infrastructure Ltd. to open at $0.723, and during the day (based on 14 day Average True Range), to move between $0.698 and $0.762, which gives a possible trading interval of +/-$0.0318 (+/-4.36%) up or down from last closing price. If Tidewater Midstream & Infrastructure Ltd. takes out the full calculated possible swing range there will be an estimated 8.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.720 (1.37%) than the resistance at $0.790 (8.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Tidewater Midstream & Infrastructure Ltd. will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0400. We will update the financials statements for Tidewater Midstream & Infrastructure Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.28% in the first trading day after earnings release.
Is Tidewater Midstream & Infrastructure Ltd. stock A Buy?
Tidewater Midstream & Infrastructure holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.576 Sell Candidate Unchanged
Predicted Opening Price for Tidewater Midstream & Infrastructure Ltd. of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
$0.723 ( 0.91%) | $0.730 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TWM.TO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.743 | 1.83 % | |
R2 | 0.736 | 0.780 % | ||
R1 | 0.731 | 0.133 % | ||
Current price: | 0.730 | |||
Support | S1 | 0.716 | -1.96 % | |
S2 | 0.711 | -2.61 % | ||
S3 | 0.703 | -3.65 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.83 | 13.70 % | |
R2 | 0.80 | 9.59 % | ||
R1 | 0.790 | 8.22 % | ||
Current price | 0.730 | |||
Support | S1 | 0.720 | -1.37% | |
S2 | 0.710 | -2.74% | ||
S3 | 0.700 | -4.11% |
TWM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 22, 2023 | Sep 28, 2023 | Oct 31, 2023 | $0.0100 | 0.99% |
2 | Jun 22, 2023 | Jun 29, 2023 | Jul 31, 2023 | $0.0100 | 0.93% |
3 | Mar 23, 2023 | Mar 30, 2023 | Apr 28, 2023 | $0.0100 | 1.10% |
4 | Dec 22, 2022 | Dec 29, 2022 | Jan 31, 2023 | $0.0100 | 0.93% |
5 | Sep 28, 2022 | Sep 28, 2022 | Sep 28, 2022 | $0.0100 | 0.93% |
FAQ
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