California Water Service Group Holding Stock Forecast
California Water Service Group Holding stock price ended at $45.45 on Monday, after losing 0.743%.
(Updated on Apr 22, 2024)
The California Water Service Group Holding stock price fell by -0.743% on the last day (Monday, 22nd Apr 2024) from $45.79 to $45.45. During the last trading day the stock fluctuated 1.26% from a day low at $45.20 to a day high of $45.77. The price has fallen in 6 of the last 10 days and is down by -2.28% for this period. Volume has increased on the last day by 121 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 384 thousand shares were bought and sold for approximately $17.45 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect California Water Service Group Holding stock with a 90% probability to be traded between $42.90 and $46.57 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
CWT Signals & Forecast
There are mixed signals in the stock today. The California Water Service Group Holding 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 $45.89. On a fall, the stock will find some support from the short-term average at $44.70. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.84%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for California Water Service Group Holding stock
California Water Service Group Holding finds support from accumulated volume at $45.27 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.569 (1.26%) between high and low. For the last week, the stock has had daily average volatility of 1.68%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CWT) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect California Water Service Group Holding to open at $45.47, and during the day (based on 14 day Average True Range), to move between $44.43 and $46.47, which gives a possible trading interval of +/-$1.02 (+/-2.24%) up or down from last closing price. If California Water Service Group Holding takes out the full calculated possible swing range there will be an estimated 4.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $45.60 (0.33%) than the support at $45.27 (0.40%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
California Water Service Group Holding will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.210. We will update the financials statements for California Water Service Group Holding, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.66% in the first trading day after earnings release.
Is California Water Service Group Holding stock A Buy?
California Water Service Group Holding 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: -2.234 Sell Candidate Unchanged
Predicted Opening Price for California Water Service Group Holding of Tuesday, April 23, 2024
Fair opening price April 23, 2024 | Current price |
---|---|
$45.47 ( 0.0521%) | $45.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CWT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 46.04 | 1.30 % | |
R2 | 45.83 | 0.83 % | ||
R1 | 45.69 | 0.530 % | ||
Current price: | 45.45 | |||
Support | S1 | 45.26 | -0.426 % | |
S2 | 45.12 | -0.722 % | ||
S3 | 44.90 | -1.20 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 46.51 | 2.33 % | |
R2 | 45.92 | 1.03 % | ||
R1 | 45.60 | 0.330 % | ||
Current price | 45.45 | |||
Support | S1 | 45.27 | -0.396% | |
S2 | 45.09 | -0.792% | ||
S3 | 44.40 | -2.31% |
CWT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 25, 2024 | Feb 09, 2024 | Feb 23, 2024 | $0.260 | 0.564% |
2 | Oct 25, 2023 | Nov 03, 2023 | Nov 17, 2023 | $0.260 | 0.505% |
3 | Jul 26, 2023 | Aug 04, 2023 | Aug 18, 2023 | $0.260 | 0.503% |
4 | Apr 26, 2023 | May 05, 2023 | May 19, 2023 | $0.260 | 0.476% |
5 | Jan 25, 2023 | Feb 03, 2023 | May 19, 2023 | $0.260 | 0.476% |
FAQ
Click here for our free guide on how to buy California Water Service Group Holding Stock.