The York Water Company Stock Forecast
The York Water Company stock upgraded to Hold/Accumulate.
(Updated on Jul 02, 2024)
The The York Water Company stock price gained 0.98% on the last trading day (Tuesday, 2nd Jul 2024), rising from $36.82 to $37.18. During the last trading day the stock fluctuated 1.66% from a day low at $36.80 to a day high of $37.41. The price has been going up and down for this period, and there has been a 3.05% gain for the last 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 33 thousand shares were bought and sold for approximately $1.24 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 wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.98% during the next 3 months and, with a 90% probability hold a price between $37.35 and $42.08 at the end of this 3-month period.
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YORW Signals & Forecast
The The York Water Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $37.05 and $36.92. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -3.63%. Further fall is indicated until a new bottom pivot has been found. 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 also not.
Support, Risk & Stop-loss for The York Water Company stock
The York Water Company finds support from accumulated volume at $37.09 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.610 between high and low, or 1.66%. For the last week the stock has had daily average volatility of 1.91%
Our recommended stop-loss: $35.19 (-5.34%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 53 days ago.)
Trading Expectations (YORW) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect The York Water Company to open at $37.13, and during the day (based on 14 day Average True Range), to move between $36.49 and $37.87, which gives a possible trading interval of +/-$0.689 (+/-1.85%) up or down from last closing price. If The York Water Company takes out the full calculated possible swing range there will be an estimated 3.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $37.09 (0.24%) than the resistance at $37.49 (0.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is The York Water Company stock A Buy?
The York Water Company holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.966 Hold/Accumulate Upgraded
Predicted Opening Price for The York Water Company of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $37.13 ( 0.134%) | $37.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YORW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 37.74 | 1.51% |
| R2 | 37.51 | 0.88% |
| R1 | 37.36 | 0.492% |
| Price | 37.18 | |
| S1 | 36.90 | -0.761% |
| S2 | 36.75 | -1.15% |
| S3 | 36.52 | -1.78% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 38.45 | 3.42% |
| R2 | 38.34 | 3.12% |
| R1 | 37.49 | 0.83% |
| Price | 37.18 | |
| S1 | 37.09 | -0.242% |
| S2 | 36.10 | -2.90% |
| S3 | 35.86 | -3.55% |
YORW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 06, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.211 | 0.567% |
| 2 | Jan 29, 2024 | Feb 28, 2024 | Apr 15, 2024 | $0.211 | 0.620% |
| 3 | Nov 20, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.211 | 0.580% |
| 4 | Aug 30, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.200 | 0.544% |
| 5 | May 01, 2023 | Jun 29, 2023 | Jul 14, 2023 | $0.203 | 0.481% |
FAQ
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