Consolidated Water Co. Ltd. Stock Forecast
Green day on Friday for Consolidated Water Co. Ltd. stock after gaining 1.41%
(Updated on Apr 19, 2024)
The Consolidated Water Co. Ltd. stock price gained 1.41% on the last trading day (Friday, 19th Apr 2024), rising from $24.11 to $24.45. During the last trading day the stock fluctuated 2.58% from a day low at $24.06 to a day high of $24.68. The price has been going up and down for this period, and there has been a -6.29% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 291 thousand more shares were traded than the day before. In total, 443 thousand shares were bought and sold for approximately $10.83 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $23.63 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -21.30% during the next 3 months and, with a 90% probability hold a price between $18.60 and $22.18 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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CWCO Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.39%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Consolidated Water Co. Ltd. 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 $27.37. On a fall, the stock will find some support from the short-term average at $24.32. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Consolidated Water Co. Ltd. stock
Consolidated Water Co. Ltd. finds support from accumulated volume at $24.38 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.620 between high and low, or 2.58%. For the last week, the stock has had daily average volatility of 2.59%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CWCO) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Consolidated Water Co. Ltd. to open at $24.39, and during the day (based on 14 day Average True Range), to move between $23.44 and $25.46, which gives a possible trading interval of +/-$1.01 (+/-4.13%) up or down from last closing price. If Consolidated Water Co. Ltd. takes out the full calculated possible swing range there will be an estimated 8.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $24.38 (0.29%) than the resistance at $26.64 (8.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Consolidated Water Co. Ltd. stock A Buy?
Consolidated Water Co. Ltd. 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: -1.826 Sell Candidate Unchanged
Predicted Opening Price for Consolidated Water Co. Ltd. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $24.39 ( 0.232%) | $24.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CWCO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.01 | 2.30 % | |
| R2 | 24.78 | 1.34 % | ||
| R1 | 24.63 | 0.737 % | ||
| Current price: | 24.45 | |||
| Support | S1 | 24.16 | -1.20 % | |
| S2 | 24.01 | -1.80 % | ||
| S3 | 23.77 | -2.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.60 | 21.06 % | |
| R2 | 29.31 | 19.88 % | ||
| R1 | 26.64 | 8.96 % | ||
| Current price | 24.45 | |||
| Support | S1 | 24.38 | -0.286% | |
| S2 | 24.35 | -0.409% | ||
| S3 | 24.11 | -1.39% |
CWCO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 27, 2024 | Mar 28, 2024 | Apr 30, 2024 | $0.0950 | 0.388% |
| 2 | Nov 28, 2023 | Dec 29, 2023 | Jan 31, 2024 | $0.0950 | 0.298% |
| 3 | Aug 22, 2023 | Sep 29, 2023 | Oct 31, 2023 | $0.100 | 0.339% |
| 4 | May 24, 2023 | Jun 30, 2023 | Jul 31, 2023 | $0.0850 | 0.435% |
| 5 | Feb 21, 2023 | Mar 31, 2023 | Apr 28, 2023 | $0.0850 | 0.503% |
FAQ
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