Tidewater Midstream & Infrastructure Stock Forecast
Tidewater Midstream & Infrastructure stock downgraded to Strong Sell Candidate
(Updated on Apr 25, 2024)
The Tidewater Midstream & Infrastructure stock price fell by -1.35% on the last day (Thursday, 25th Apr 2024) from $0.740 to $0.730. During the last trading day the stock fluctuated 2.74% from a day low at $0.730 to a day high of $0.750. The price has fallen in 5 of the last 10 days and is down by -5.19% for this period. Volume has increased on the last day by 839 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, 1 million shares were bought and sold for approximately $763.88 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -18.03% during the next 3 months and, with a 90% probability hold a price between $0.532 and $0.653 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TWM.TO Signals & Forecast
There are few to no technical positive signals at the moment. The Tidewater Midstream & Infrastructure 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 $0.733 and $0.785. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -14.12%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Tidewater Midstream & Infrastructure gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Tidewater Midstream & Infrastructure stock
Tidewater Midstream & Infrastructure finds support from accumulated volume at $0.720 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 $0.0200 between high and low, or 2.74%. For the last week, the stock has had daily average volatility of 4.19%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TWM.TO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Tidewater Midstream & Infrastructure Ltd. to open at $0.737, and during the day (based on 14 day Average True Range), to move between $0.694 and $0.766, which gives a possible trading interval of +/-$0.0358 (+/-4.90%) up or down from last closing price. If Tidewater Midstream & Infrastructure Ltd. takes out the full calculated possible swing range there will be an estimated 9.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.720 (1.37%) than the resistance at $0.790 (8.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tidewater Midstream & Infrastructure Ltd. stock A Buy?
Tidewater Midstream & Infrastructure holds several negative signals and is within a wide and falling trend, so we believe 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 Sell to a Strong Sell candidate.
Current score: -5.274 Strong Sell Candidate Downgraded
Predicted Opening Price for Tidewater Midstream & Infrastructure Ltd. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $0.737 ( 0.91%) | $0.730 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TWM.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.757 | 3.65 % | |
| R2 | 0.749 | 2.61 % | ||
| R1 | 0.744 | 1.96 % | ||
| Current price: | 0.730 | |||
| Support | S1 | 0.729 | -0.133 % | |
| S2 | 0.724 | -0.780 % | ||
| S3 | 0.717 | -1.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.83 | 13.70 % | |
| R2 | 0.80 | 9.59 % | ||
| R1 | 0.790 | 8.22 % | ||
| Current price | 0.730 | |||
| Support | S1 | 0.720 | -1.37% | |
| S2 | 0.710 | -2.74% | ||
| S3 | 0 | . |
TWM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 22, 2023 | Sep 28, 2023 | Oct 31, 2023 | $0.0100 | 0.99% |
| 2 | Jun 22, 2023 | Jun 29, 2023 | Jul 31, 2023 | $0.0100 | 0.93% |
| 3 | Mar 23, 2023 | Mar 30, 2023 | Apr 28, 2023 | $0.0100 | 1.10% |
| 4 | Dec 22, 2022 | Dec 29, 2022 | Jan 31, 2023 | $0.0100 | 0.93% |
| 5 | Sep 28, 2022 | Sep 28, 2022 | Sep 28, 2022 | $0.0100 | 0.93% |
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