Weight Watchers International Inc. Stock Forecast
Big movements in Weight Watchers International Inc. stock price on Friday moving 13.21% between high and low
(Updated on Apr 26, 2024)
The Weight Watchers International Inc. stock price gained 10.06% on the last trading day (Friday, 26th Apr 2024), rising from $1.59 to $1.75. During the last trading day the stock fluctuated 13.21% from a day low at $1.59 to a day high of $1.80. The price has fallen in 6 of the last 10 days and is down by -2.78% for this period. Volume fell on the last day by -1 million shares and in total, 3 million shares were bought and sold for approximately $5.17 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 very wide and 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 -60.64% during the next 3 months and, with a 90% probability hold a price between $0.424 and $0.86 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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WW Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 12.18%. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1.93. On a fall, the stock will find some support from the short-term average at $1.70. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Weight Watchers International Inc. stock
Weight Watchers International Inc. finds support from accumulated volume at $1.72 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.210 between high and low, or 13.21%. For the last week, the stock has had daily average volatility of 11.32%.
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 Monday 29th
For the upcoming trading day on Monday, 29th we expect Weight Watchers International Inc. to open at $1.71, and during the day (based on 14 day Average True Range), to move between $1.53 and $1.97, which gives a possible trading interval of +/-$0.220 (+/-12.55%) 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 25.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.72 (1.71%) than the resistance at $1.80 (2.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Weight Watchers International Inc. will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.430. We will update the financials statements for Weight Watchers International Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.38% in the first trading day after earnings release.
Is Weight Watchers International Inc. stock A Buy?
Weight Watchers International Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.831 Sell Candidate Unchanged
Predicted Opening Price for Weight Watchers International Inc. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $1.71 ( 2.10%) | $1.75 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 1.92 | 9.90 % | |
| R2 | 1.84 | 5.32 % | ||
| R1 | 1.79 | 2.49 % | ||
| Current price: | 1.75 | |||
| Support | S1 | 1.63 | -6.68 % | |
| S2 | 1.58 | -9.51 % | ||
| S3 | 1.50 | -14.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.97 | 12.57 % | |
| R2 | 1.87 | 6.86 % | ||
| R1 | 1.80 | 2.86 % | ||
| Current price | 1.75 | |||
| Support | S1 | 1.72 | -1.71% | |
| S2 | 1.71 | -2.29% | ||
| S3 | 1.66 | -5.14% |
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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