Watford Holdings Ltd. ETF Forecast
Evaluation of Watford Holdings Ltd. ETF downgraded after the last trading session.
(Updated on Apr 19, 2024)
The Watford Holdings Ltd. ETF price gained 0.276% on the last trading day (Friday, 19th Apr 2024), rising from $16.44 to $16.49. During the last trading day the ETF fluctuated 0% from a day low at $16.49 to a day high of $16.49. The price has fallen in 5 of the last 10 days and is down by -5.72% for this period. Volume fell on the last day by -106 shares and in total, 222 shares were bought and sold for approximately $3.66 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The ETF is at the lower part of a 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 $16.44 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Watford Holdings Ltd. ETF with a 90% probability to be traded between $16.19 and $17.88 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 ETFS seldom manage to go directly from the bottom of a trend up to the top. ETFS turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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WTRE Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.276%. 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 Watford Holdings Ltd. ETF 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 $16.74 and $17.57. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Watford Holdings Ltd. ETF
Watford Holdings Ltd. finds support from accumulated volume at $16.44 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.733%.
Watford Holdings Ltd. is oversold on RSI14 (19). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WTRE) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Watford Holdings Ltd. to open at $16.49, and during the day (based on 14 day Average True Range), to move between $16.29 and $16.69, which gives a possible trading interval of +/-$0.196 (+/-1.19%) up or down from last closing price. If Watford Holdings Ltd. takes out the full calculated possible swing range there will be an estimated 2.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $16.44 (0.28%) than the resistance at $17.40 (5.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Watford Holdings Ltd. ETF A Buy?
Watford Holdings Ltd. holds several negative signals and is within a 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 ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.401 Sell Candidate Downgraded
Predicted Opening Price for Watford Holdings Ltd. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $16.49 ( 0%) | $16.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WTRE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.49 | . | |
| R2 | 16.49 | . | ||
| R1 | 16.49 | . | ||
| Current price: | 16.49 | |||
| Support | S1 | 16.49 | . | |
| S2 | 16.49 | . | ||
| S3 | 16.49 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.28 | 10.86 % | |
| R2 | 17.62 | 6.85 % | ||
| R1 | 17.40 | 5.52 % | ||
| Current price | 16.49 | |||
| Support | S1 | 16.44 | -0.275% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
WTRE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2024 | Mar 22, 2024 | Mar 27, 2024 | $0.0550 | 0.306% |
| 2 | Dec 22, 2023 | Dec 22, 2023 | Dec 22, 2023 | $0.0550 | 0.303% |
| 3 | Dec 16, 2022 | Jun 26, 2023 | Jun 29, 2023 | $0.210 | 1.26% |
| 4 | Jan 06, 2022 | Sep 26, 2022 | Sep 29, 2022 | $0.100 | 0.649% |
| 5 | Jun 23, 2022 | Jun 24, 2022 | Jun 29, 2022 | $0.105 | 0.573% |
FAQ
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