Weight Watchers International Inc. Stock Forecast
Weight Watchers International Inc. stock price ended at $1.13 on Tuesday, after losing 3.02%.
(Updated on Jul 02, 2024)
The Weight Watchers International Inc. stock price fell by -3.02% on the last day (Tuesday, 2nd Jul 2024) from $1.16 to $1.13. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 5.45% from a day low at $1.10 to a day high of $1.16. The price has fallen in 7 of the last 10 days and is down by -4.66% for this period. 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 -264 thousand shares and in total, 2 million shares were bought and sold for approximately $2.17 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.03 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -26.17% during the next 3 months and, with a 90% probability hold a price between $0.762 and $1.29 at the end of this 3-month period.
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WW Signals & Forecast
There are few to no technical positive signals at the moment. 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 $1.21 and $1.51. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -46.43%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Weight Watchers International Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.0600 between high and low, or 5.45%. For the last week, the stock has had daily average volatility of 5.86%.
Weight Watchers International Inc. is oversold on RSI14 (21). Some stocks 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 (WW) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Weight Watchers International Inc. to open at $1.13, and during the day (based on 14 day Average True Range), to move between $1.01 and $1.24, which gives a possible trading interval of +/-$0.115 (+/-10.21%) 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 20.41% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $1.17, some $0.0450 (4.00%) from the current price of $1.13, our system finds the risk reward not very attractive.
Is Weight Watchers International Inc. stock A Buy?
Weight Watchers International 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: -7.495 Strong Sell Candidate Unchanged
Predicted Opening Price for Weight Watchers International Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $1.13 ( 0.296%) | $1.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.19 | 5.63% |
| R2 | 1.17 | 3.59% |
| R1 | 1.15 | 2.33% |
| Price | 1.13 | |
| S1 | 1.11 | -1.74% |
| S2 | 1.09 | -3.00% |
| S3 | 1.07 | -5.04% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.30 | 15.11% |
| R2 | 1.18 | 4.89% |
| R1 | 1.17 | 4.00% |
| Price | 1.13 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
WW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 11, 2013 | Sep 25, 2013 | Oct 11, 2013 | $0.175 | 0.446% |
| 2 | Jun 13, 2013 | Jun 26, 2013 | Jul 12, 2013 | $0.175 | 0.383% |
| 3 | Mar 14, 2013 | Mar 22, 2013 | Apr 12, 2013 | $0.175 | 0.418% |
| 4 | Nov 26, 2012 | Dec 05, 2012 | Dec 14, 2012 | $0.175 | 0.339% |
| 5 | Sep 12, 2012 | Sep 26, 2012 | Oct 12, 2012 | $0.175 | 0.321% |
FAQ
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