Tekla World Healthcare Fund Stock Forecast
Tekla World Healthcare Fund stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Apr 19, 2024)
The Tekla World Healthcare Fund stock price gained 1.28% on the last trading day (Friday, 19th Apr 2024), rising from $12.49 to $12.65. During the last trading day the stock fluctuated 2.01% from a day low at $12.46 to a day high of $12.71. The price has risen in 6 of the last 10 days and is up by 0.64% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 45 thousand more shares were traded than the day before. In total, 133 thousand shares were bought and sold for approximately $1.69 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 Tekla World Healthcare Fund stock with a 90% probability to be traded between $12.13 and $13.16 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.
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THW Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 3.77%. 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 Tekla World Healthcare Fund 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 $12.79. On a fall, the stock will find some support from the short-term average at $12.39. 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 Tekla World Healthcare Fund stock
Tekla World Healthcare Fund finds support from accumulated volume at $12.58 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.250 between high and low, or 2.01%. For the last week, the stock has had daily average volatility of 2.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (THW) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Tekla World Healthcare Fund to open at $12.61, and during the day (based on 14 day Average True Range), to move between $12.41 and $12.89, which gives a possible trading interval of +/-$0.237 (+/-1.88%) up or down from last closing price. If Tekla World Healthcare Fund takes out the full calculated possible swing range there will be an estimated 3.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.71 (0.47%) than the support at $12.58 (0.55%), 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.
Is Tekla World Healthcare Fund stock A Buy?
Tekla World Healthcare Fund 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.382 Sell Candidate Downgraded
Predicted Opening Price for Tekla World Healthcare Fund of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $12.61 ( 0.343%) | $12.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for THW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.86 | 1.63 % | |
| R2 | 12.76 | 0.88 % | ||
| R1 | 12.70 | 0.412 % | ||
| Current price: | 12.65 | |||
| Support | S1 | 12.51 | -1.10 % | |
| S2 | 12.45 | -1.56 % | ||
| S3 | 12.36 | -2.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.08 | 3.40 % | |
| R2 | 12.73 | 0.632 % | ||
| R1 | 12.71 | 0.474 % | ||
| Current price | 12.65 | |||
| Support | S1 | 12.58 | -0.553% | |
| S2 | 12.57 | -0.632% | ||
| S3 | 12.42 | -1.82% |
THW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | Apr 22, 2024 | Apr 30, 2024 | $0.117 | 0.92% |
| 2 | Mar 20, 2024 | Mar 20, 2024 | Mar 28, 2024 | $0.117 | 0.88% |
| 3 | Feb 21, 2024 | Feb 21, 2024 | Feb 29, 2024 | $0.117 | 0.93% |
| 4 | Jan 10, 2024 | Jan 23, 2024 | Jan 31, 2024 | $0.117 | 0.92% |
| 5 | Dec 28, 2023 | Dec 28, 2023 | Jan 10, 2024 | $0.117 | 0.94% |
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