California Water Service Group Holding Forecast and Stock Analysis
Technical CWT stock analysis for February 15, 2019.
|Shorts||4.94% ( 2019-01-31 )|
California Water Service Group Holding gained 0.16% in the last trading day, rising from $50.85 to $50.93 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 8 of the last 10 days and is up by 4.6% over the past 2 weeks. Volume fell in the last day by -95 327 shares, and in total, 186 999 shares bought and sold for approximately $9.52 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the CWT stock was $50.93. This is 0.16% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 1.12% from a day low at $50.70 to a day high of $51.27.
30 day high of the CWT stock price was $52.22 and low was $45.25.
90 day high was $52.22 and low was $43.38.
52 week high for the California Water Service Group Holding - $52.22 and low - $35.25.
California Water Service Group Holding 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 9.1% during the next 3 months and, with 90% probability hold a price between $51.09 and $56.77 at the end of this period.
Only positive signals in the chart today. California Water Service Group Holding holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $51.08. On a fall, the stock will find some support from the long-term average at approximately $47.76. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Wednesday February 13, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
The stock holds a RSI14 at 76 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
California Water Service Group Holding finds support from accumulated volume at $49.52.
This stock may move much during a 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 $0.57 between high and low, or 1.12%. For the last week, the stock has had a daily average volatility of 1.55%.
Our recommended stoploss: $48.20 (-5.36%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from pivot bottom found 2 days ago.)
Very Low Low Medium High Very High
Evaluation: Strong Buy Candidate
California Water Service Group Holding holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.