Walter Investment Management Corp Fund Forecast

Red day on Thursday for Walter Investment Management Corp fund after losing 0%
(Updated on Feb 22, 2018)

WAC Signals & Forecast

There are mixed signals in the fund today. The Walter Investment Management Corp fund 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 $0.600 and $0.686. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Friday, February 09, 2018, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Walter Investment Management Corp fund

On the downside, the fund finds support just below today's level from accumulated volume at $0.540 and $0.500. There is a natural risk involved when a fund is testing a support level, since if this is broken, the fund then may fall to the next support level. In this case, Walter Investment Management Corp finds support just below today's level at $0.540. If this is broken, then the next support from accumulated volume will be at $0.500 and $0.460.

In general the fund 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 fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (WAC) For The Upcoming Trading Day Of Friday 23rd

For the upcoming trading day on Friday, 23rd we expect Walter Investment Management Corp to open at $0.600, and during the day (based on 14 day Average True Range), to move between $0.555 and $0.645, which gives a possible trading interval of +/-$0.0449 (+/-7.48%) up or down from last closing price. If Walter Investment Management Corp takes out the full calculated possible swing range there will be an estimated 14.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.610 (1.67%) than the support at $0.540 (10.00%), 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 Walter Investment Management Corp fund A Buy?

Walter Investment Management Corp 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 fund.

Current score: -1.350 Sell Candidate Unchanged

Predicted Opening Price for Walter Investment Management Corp of Friday, February 23, 2018

The predicted opening price is based on yesterday's movements between high, low, and closing price.