Weight Watchers International, Inc Stock Forecast
Weight Watchers International, Inc stock price up 1.42% on Wednesday
(Updated on May 01, 2024)
The Weight Watchers International, Inc stock price gained 1.42% on the last trading day (Wednesday, 1st May 2024), rising from $251.14 to $254.70. During the last trading day the stock fluctuated 2.43% from a day low at $250.97 to a day high of $257.07. The price has risen in 6 of the last 10 days but is still down by -1.76% for this period. Volume fell on the last day by -2 thousand shares and in total, 485 thousand shares were bought and sold for approximately $123.60 million. 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 stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.91% during the next 3 months and, with a 90% probability hold a price between $237.99 and $253.86 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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WTW Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 1.49%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Weight Watchers International, 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 $256.33 and $266.16. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Weight Watchers International, Inc stock
Weight Watchers International, Inc finds support from accumulated volume at $251.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $6.10 (2.43%) between high and low. For the last week, the stock has had daily average volatility of 2.61%.
Our recommended stop-loss: $241.58 (-5.15%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (WTW) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Weight Watchers International, Inc to open at $254.25, and during the day (based on 14 day Average True Range), to move between $249.80 and $259.60, which gives a possible trading interval of +/-$4.90 (+/-1.92%) up or down from last closing price. If Weight Watchers International, Inc takes out the full calculated possible swing range there will be an estimated 3.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $256.92 (0.87%) than the support at $251.14 (1.40%), 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 Weight Watchers International, Inc stock A Buy?
Weight Watchers International, Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.642 Hold/Accumulate Unchanged
Predicted Opening Price for Weight Watchers International, Inc of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $254.25 ( 0.178%) | $254.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WTW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 260.35 | 2.22 % | |
| R2 | 258.02 | 1.30 % | ||
| R1 | 256.58 | 0.737 % | ||
| Current price: | 254.70 | |||
| Support | S1 | 251.92 | -1.09 % | |
| S2 | 250.48 | -1.66 % | ||
| S3 | 248.15 | -2.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 268.45 | 5.40 % | |
| R2 | 260.31 | 2.20 % | ||
| R1 | 256.92 | 0.87 % | ||
| Current price | 254.70 | |||
| Support | S1 | 251.14 | -1.40% | |
| S2 | 250.95 | -1.47% | ||
| S3 | 250.46 | -1.66% |
WTW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 26, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.88 | 0.340% |
| 2 | Dec 04, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.84 | 0.342% |
| 3 | Aug 09, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.84 | 0.391% |
| 4 | May 17, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.84 | 0.366% |
| 5 | Feb 07, 2023 | Mar 30, 2023 | Apr 17, 2023 | $0.84 | 0.353% |
FAQ
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