Waterstone Financial Stock Forecast

Waterstone Financial stock upgraded to Strong Buy Candidate.
(Updated on Jul 02, 2024)

WSBF Signals & Forecast

The Waterstone Financial 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 $12.61 and $12.36. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 11.95%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The stock had a Golden Star Signal on Tuesday, June 25, 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 Waterstone Financial stock

On the downside, the stock finds support just below today's level from accumulated volume at $12.29 and $12.25. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Waterstone Financial finds support just below today's level at $12.29. If this is broken, then the next support from accumulated volume will be at $12.25 and $11.79.

In general the stock tends to have controlled movements and therefore the general risk is considered 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 $0.445 between high and low, or 3.47%. For the last week the stock has had daily average volatility of 2.44%.

Our recommended stop-loss: $12.82 (-2.94%) (This stock has low daily movements and this gives low risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 30 days ago.)

Trading Expectations (WSBF) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect Waterstone Financial to open at $13.11, and during the day (based on 14 day Average True Range), to move between $12.89 and $13.53, which gives a possible trading interval of +/-$0.316 (+/-2.39%) up or down from last closing price. If Waterstone Financial takes out the full calculated possible swing range there will be an estimated 4.79% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $12.29, some $0.92 (6.96%) from the current price of $13.21, our system finds the risk reward attractive.

Is Waterstone Financial stock A Buy?

Waterstone Financial holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 7.222 Strong Buy Candidate Upgraded

Predicted Opening Price for Waterstone Financial of Wednesday, July 3, 2024

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