Towerstream Corporation Stock Forecast
Red day on Wednesday for Towerstream Corporation
(Updated on Oct 18, 2017)
No changes to the price of Towerstream Corporation stock on the last trading day (Wednesday, 18th Oct 2017). During the last trading day the stock fluctuated 0% from a day low at $0.0770 to a day high of $0.0770. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Towerstream Corporation stock with a 90% probability to be traded between $0.0707 and $0.101 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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TWER Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, September 28, 2017, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Towerstream Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.0770 and $0.0810. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Towerstream Corporation stock
Towerstream Corporation finds support from accumulated volume at $0.0750 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $0.0724 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (TWER) For The Upcoming Trading Day Of Thursday 19th
For the upcoming trading day on Thursday, 19th we expect Towerstream Corporation to open at $0.0770, and during the day (based on 14 day Average True Range), to move between $0.0738 and $0.0802, which gives a possible trading interval of +/-$0.0032 (+/-4.18%) up or down from last closing price. If Towerstream Corporation takes out the full calculated possible swing range there will be an estimated 8.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0750 (2.60%) than the resistance at $0.0800 (3.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Towerstream Corporation stock A Buy?
Towerstream Corporation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.120 Hold/Accumulate Unchanged
Predicted Opening Price for Towerstream Corporation of Thursday, October 19, 2017
| Fair opening price October 19, 2017 | Current price |
|---|---|
| $0.0770 ( 0%) | $0.0770 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TWER
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0770 | . | |
| R2 | 0.0770 | . | ||
| R1 | 0.0770 | . | ||
| Current price: | 0.0770 | |||
| Support | S1 | 0.0770 | . | |
| S2 | 0.0770 | . | ||
| S3 | 0.0770 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0940 | 22.08 % | |
| R2 | 0.0870 | 12.99 % | ||
| R1 | 0.0800 | 3.90 % | ||
| Current price | 0.0770 | |||
| Support | S1 | 0.0750 | -2.60% | |
| S2 | 0.0700 | -9.09% | ||
| S3 | 0.0670 | -12.99% |
FAQ
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