Tidewater Midstream & Infrastructure Stock Forecast
Tidewater Midstream & Infrastructure stock price down 2.74% on Tuesday
(Updated on May 07, 2024)
The Tidewater Midstream & Infrastructure stock price fell by -2.74% on the last day (Tuesday, 7th May 2024) from $0.730 to $0.710. 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 7 of the last 10 days and is down by -7.79% for this period. 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 -67 thousand shares and in total, 197 thousand shares were bought and sold for approximately $139.52 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 -16.25% during the next 3 months and, with a 90% probability hold a price between $0.534 and $0.656 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
There are mixed signals in the stock today. The Tidewater Midstream & Infrastructure 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 $0.717 and $0.760. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 1.43%. 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).
Support, Risk & Stop-loss for Tidewater Midstream & Infrastructure stock
Tidewater Midstream & Infrastructure finds support from accumulated volume at $0.700 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, but be aware of low or falling volume as this increases the risk. 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 3.71%.
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 Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Tidewater Midstream & Infrastructure Ltd. to open at $0.717, and during the day (based on 14 day Average True Range), to move between $0.679 and $0.741, which gives a possible trading interval of +/-$0.0310 (+/-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 8.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.700 (1.41%) than the resistance at $0.790 (11.27%), 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: -2.216 Sell Candidate Unchanged
Predicted Opening Price for Tidewater Midstream & Infrastructure Ltd. of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $0.717 ( 0.94%) | $0.710 |
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 | 0.737 | 3.76 % | |
| R2 | 0.729 | 2.68 % | ||
| R1 | 0.724 | 2.02 % | ||
| Current price: | 0.710 | |||
| Support | S1 | 0.709 | -0.137 % | |
| S2 | 0.704 | -0.80 % | ||
| S3 | 0.697 | -1.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.83 | 16.90 % | |
| R2 | 0.80 | 12.68 % | ||
| R1 | 0.790 | 11.27 % | ||
| Current price | 0.710 | |||
| Support | S1 | 0.700 | -1.41% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
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% |
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