Waterdrop Inc. Stock Forecast
Red day on Tuesday for Waterdrop Inc. stock after losing 0%
(Updated on Jul 02, 2024)
No changes to the price of Waterdrop Inc. stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 4.46% from a day low at $1.12 to a day high of $1.17. The price has fallen in 4 of the last 10 days and is down by -7.26% for this period.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $1.08 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Waterdrop Inc. stock with a 90% probability to be traded between $1.09 and $1.47 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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WDH Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 6.48%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The Waterdrop Inc. 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 $1.28. On a fall, the stock will find some support from the short-term average at $1.12. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Waterdrop Inc. stock
Waterdrop Inc. finds support from accumulated volume at $1.13 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0500 between high and low, or 4.46%. For the last week, the stock has had daily average volatility of 5.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WDH) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Waterdrop Inc. to open at $1.15, and during the day (based on 14 day Average True Range), to move between $1.07 and $1.23, which gives a possible trading interval of +/-$0.0784 (+/-6.82%) up or down from last closing price. If Waterdrop Inc. takes out the full calculated possible swing range there will be an estimated 13.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.17 (1.74%) than the support at $1.13 (1.74%), 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 Waterdrop Inc. stock A Buy?
Waterdrop Inc. 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: -3.739 Sell Candidate Unchanged
Predicted Opening Price for Waterdrop Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $1.15 ( 0.290%) | $1.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WDH
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.20 | 4.06% |
| R2 | 1.18 | 2.40% |
| R1 | 1.17 | 1.37% |
| Price | 1.15 | |
| S1 | 1.13 | -1.95% |
| S2 | 1.12 | -2.98% |
| S3 | 1.10 | -4.64% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.39 | 20.87% |
| R2 | 1.18 | 2.61% |
| R1 | 1.17 | 1.74% |
| Price | 1.15 | |
| S1 | 1.13 | -1.74% |
| S2 | 1.10 | -4.35% |
| S3 | 1.08 | -6.09% |
WDH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | May 03, 2024 | $0.0400 | 3.45% |
| 2 | Mar 26, 2024 | Apr 17, 2024 | May 03, 2024 | $0.0320 | 2.76% |
FAQ
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