California Water Service Group Holding Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
California Water Service Group Holding stock price ended at $48.05 on Thursday, after gaining 3.18%.
(Updated on Apr 25, 2024)
The California Water Service Group Holding stock price gained 3.18% on the last trading day (Thursday, 25th Apr 2024), rising from $46.57 to $48.05. It 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. During the last trading day the stock fluctuated 5.73% from a day low at $45.71 to a day high of $48.33. The price has risen in 6 of the last 10 days and is up by 6.71% over the past 2 weeks. Volume fell on the last day by -108 thousand shares and in total, 550 thousand shares were bought and sold for approximately $26.43 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 has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $47.55 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $51.41 sometime during the next 3 months.
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CWT Signals & Forecast
The California Water Service Group Holding stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $45.88 and $46.00. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 9.78%. Further rise is indicated 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 it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for California Water Service Group Holding stock
California Water Service Group Holding finds support from accumulated volume at $46.57 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 $2.62 (5.73%) between high and low. For the last week, the stock has had daily average volatility of 2.93%.
Our recommended stop-loss: $46.48 (-3.26%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (CWT) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect California Water Service Group Holding to open at $47.36, and during the day (based on 14 day Average True Range), to move between $46.88 and $49.22, which gives a possible trading interval of +/-$1.17 (+/-2.43%) 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 4.85% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $46.57, some $1.48 (3.08%) from the current price of $48.05, our system finds the risk reward attractive.
Is California Water Service Group Holding stock A Buy?
California Water Service Group Holding 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for California Water Service Group Holding of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $47.36 ( 1.43%) | $48.05 |
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 | 49.98 | 4.02 % | |
| R2 | 48.98 | 1.94 % | ||
| R1 | 48.36 | 0.654 % | ||
| Current price: | 48.05 | |||
| Support | S1 | 46.36 | -3.51 % | |
| S2 | 45.74 | -4.80 % | ||
| S3 | 44.74 | -6.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 48.05 | |||
| Support | S1 | 46.57 | -3.08% | |
| S2 | 46.23 | -3.79% | ||
| S3 | 45.92 | -4.43% |
CWT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 03, 2024 | May 03, 2024 | May 17, 2024 | $0.280 | 0.583% |
| 2 | Jan 25, 2024 | Feb 09, 2024 | Feb 23, 2024 | $0.260 | 0.564% |
| 3 | Oct 25, 2023 | Nov 03, 2023 | Nov 17, 2023 | $0.260 | 0.505% |
| 4 | Jul 26, 2023 | Aug 04, 2023 | Aug 18, 2023 | $0.260 | 0.503% |
| 5 | Apr 26, 2023 | May 05, 2023 | May 19, 2023 | $0.260 | 0.476% |
FAQ
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