Manitowoc Food Service Inc Forecast and Stock Analysis
Technical WBT stock analysis for April 24, 2019.
|Shorts||11.20% ( 2019-03-29 )|
Manitowoc Food Service Inc gained 0.29% in the last trading day, rising from $17.19 to $17.24 , and 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. The price has risen in 8 of the last 10 days and is up by 5.12% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 153 400 more shares were traded than the day before. In total, 836 899 shares bought and sold for approximately $14.43 million.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the WBT stock was $17.24. This is 0.29% more than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 1.22% from a day low at $17.16 to a day high of $17.37.
30 day high of the WBT stock price was $17.37 and low was $15.53.
90 day high was $17.37 and low was $13.16.
52 week high for the Manitowoc Food Service Inc - $23.85 and low - $10.66.
Manitowoc Food Service Inc lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 19.88% during the next 3 months and, with 90% probability hold a price between $19.96 and $21.88 at the end of this period.
Only positive signals in the chart today. Manitowoc Food Service Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $17.13 and $16.31. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday April 09, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 66 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $15.98 and $15.85.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Manitowoc Food Service Inc finds support just below today's level at $15.98. If this is broken, then the next support from accumulated volume will be at $15.85 and $15.23.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.21 (1.22%) between high and low. For the last week, the stock has had a daily average volatility of 1.28%.
Our recommended stoploss: $16.39 (-4.93%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 10 days ago.)
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Evaluation: Strong Buy Candidate
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.
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|WBT $17.24 ($0.05 0.29%)|
WBT is up $0.05 today, but where's it headed in 2019?
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