American States Water Company Stock Forecast
American States Water Company stock price ended at $70.25 on Monday, after losing 2.12%.
(Updated on Mar 18, 2024)
The American States Water Company stock price fell by -2.12% on the last day (Monday, 18th Mar 2024) from $71.77 to $70.25. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 2.58% from a day low at $70.17 to a day high of $71.98. The price has fallen in 6 of the last 10 days and is down by -2.96% 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 -145 thousand shares and in total, 136 thousand shares were bought and sold for approximately $9.57 million.
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 -12.24% during the next 3 months and, with a 90% probability hold a price between $60.29 and $64.60 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AWR Signals & Forecast
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. The American States Water Company 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 $72.28 and $73.72. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 11, 2024, and so far it has fallen -4.99%. Further fall is indicated until a new bottom pivot has been found. 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 American States Water Company 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 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 $1.81 (2.58%) between high and low. For the last week, the stock has had daily average volatility of 2.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AWR) For The Upcoming Trading Day Of Tuesday 19th
For the upcoming trading day on Tuesday, 19th we expect American States Water Company to open at $70.80, and during the day (based on 14 day Average True Range), to move between $68.70 and $71.80, which gives a possible trading interval of +/-$1.55 (+/-2.20%) up or down from last closing price. If American States Water Company takes out the full calculated possible swing range there will be an estimated 4.40% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $73.94, some $3.69 (5.25%) from the current price of $70.25, our system finds the risk reward not very attractive.
Is American States Water Company stock A Buy?
American States Water Company holds several negative signals and is within a 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: -4.804 Sell Candidate Unchanged
Predicted Opening Price for American States Water Company of Tuesday, March 19, 2024
Fair opening price March 19, 2024 | Current price |
---|---|
$70.80 ( 0.783%) | $70.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AWR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 72.61 | 3.36 % | |
R2 | 71.92 | 2.38 % | ||
R1 | 71.49 | 1.77 % | ||
Current price: | 70.25 | |||
Support | S1 | 70.11 | -0.201 % | |
S2 | 69.68 | -0.81 % | ||
S3 | 68.99 | -1.79 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 76.70 | 9.18 % | |
R2 | 75.88 | 8.01 % | ||
R1 | 73.94 | 5.25 % | ||
Current price | 70.25 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
AWR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 08, 2024 | Feb 20, 2024 | Mar 01, 2024 | $0.430 | 0.600% |
2 | Feb 06, 2024 | Feb 16, 2024 | Mar 01, 2024 | $0.430 | 0.600% |
3 | Nov 01, 2023 | Nov 15, 2023 | Dec 01, 2023 | $0.430 | 0.529% |
4 | Oct 30, 2023 | Nov 14, 2023 | Dec 01, 2023 | $0.430 | 0.529% |
5 | Aug 01, 2023 | Aug 14, 2023 | Sep 01, 2023 | $0.430 | 0.511% |
FAQ
Click here for our free guide on how to buy American States Water Company Stock.