WaterPure International, Inc. Stock Forecast
High volatility in WaterPure International, Inc. stock price on Friday which ended trading at $0.0022
(Updated on May 17, 2024)
The WaterPure International, Inc. stock price gained 69.23% on the last trading day (Friday, 17th May 2024), rising from $0.0013 to $0.0022. During the last trading day the stock fluctuated 41.94% from a day low at $0.0016 to a day high of $0.0022. The price has fallen in 5 of the last 10 days but is still up by 15.79% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $7.03 thousand.
Given the current horizontal trend, you can expect WaterPure International, Inc. stock with a 90% probability to be traded between $0.0008 and $0.0022 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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WPUR Signals & Forecast
The WaterPure International, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0017 and $0.0013. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 175.00%. Further rise is indicated until a new top pivot has been found. WaterPure International, Inc. 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for WaterPure International, Inc. stock
WaterPure International, Inc. finds support from accumulated volume at $0.0021 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0007 between high and low, or 41.94%. For the last week, the stock has had daily average volatility of 21.99%.
Our recommended stop-loss: $0.0021 (-3.84%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (WPUR) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect WaterPure International, Inc. to open at $0.0020, and during the day (based on 14 day Average True Range), to move between $0.0019 and $0.0025, which gives a possible trading interval of +/-$0.0003 (+/-13.15%) up or down from last closing price. If WaterPure International, Inc. takes out the full calculated possible swing range there will be an estimated 26.30% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.0021, some $0.0001 (4.55%) from the current price of $0.0022, our system finds the risk reward attractive.
Is WaterPure International, Inc. stock A Buy?
WaterPure International, Inc. holds several positive signals and is considered to be a good choice at current levels. We expect the WaterPure International, Inc. stock to perform great in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Buy candidate.
Current score: 7.875 Strong Buy Candidate Upgraded
Predicted Opening Price for WaterPure International, Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $0.0020 ( 9.85%) | $0.0022 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WPUR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0026 | 19.70 % | |
| R2 | 0.0024 | 8.41 % | ||
| R1 | 0.0022 | 1.44 % | ||
| Current price: | 0.0022 | |||
| Support | S1 | 0.0017 | -21.13 % | |
| S2 | 0.0016 | -28.11 % | ||
| S3 | 0.0013 | -39.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0022 | |||
| Support | S1 | 0.0021 | -4.55% | |
| S2 | 0.0020 | -9.09% | ||
| S3 | 0.0019 | -13.64% |
FAQ
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