Alkaline Water Co. Inc. Stock Forecast
Is Alkaline Water Co. Inc. stock still a buy after falling -28.57% on Wednesday?
(Updated on Apr 24, 2024)
The Alkaline Water Co. Inc. stock price fell by -28.57% on the last day (Wednesday, 24th Apr 2024) from $0.0021 to $0.0015. During the last trading day the stock fluctuated 0% from a day low at $0.0015 to a day high of $0.0015. The price has fallen in 5 of the last 10 days. 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 -789 shares and in total, 974 shares were bought and sold for approximately $1.46 .
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0248 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
WTER Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Alkaline Water Co. Inc. 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 $0.0029 and $0.0065. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Alkaline Water Co. Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0014 and $0.0014. 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, Alkaline Water Co. Inc. finds support just below today's level at $0.0014. If this is broken, then the next support from accumulated volume will be at $0.0014 and $0.0013.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 792.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WTER) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Alkaline Water Co. Inc. to open at $0.0015, and during the day (based on 14 day Average True Range), to move between -$0.0227 and $0.0257, which gives a possible trading interval of +/-$0.0242 (+/-1 615.24%) up or down from last closing price. If Alkaline Water Co. Inc. takes out the full calculated possible swing range there will be an estimated 3 230.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0016 (6.67%) than the support at $0.0014 (6.67%), 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 Alkaline Water Co. Inc. stock A Buy?
Alkaline Water Co. Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.220 Sell Candidate Unchanged
Predicted Opening Price for Alkaline Water Co. Inc. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $0.0015 ( 0.00000000%) | $0.0015 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WTER
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0015 | 0.00000000 % | |
| R2 | 0.0015 | 0.00000000 % | ||
| R1 | 0.0015 | 0.00000000 % | ||
| Current price: | 0.0015 | |||
| Support | S1 | 0.0015 | 0.00000000 % | |
| S2 | 0.0015 | 0.00000000 % | ||
| S3 | 0.0015 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.0018 | 20.00 % | ||
| R1 | 0.0016 | 6.67 % | ||
| Current price | 0.0015 | |||
| Support | S1 | 0.0014 | -6.67% | |
| S2 | 0.0014 | -10.00% | ||
| S3 | 0.0013 | -13.33% |
FAQ
Click here for our free guide on how to buy Alkaline Water Co. Inc. Stock.
