WBT Forecast and Technical Stock AnalysisBuy candidate since 2019-07-10 Gain 5.13%
Manitowoc Food Service Inc gained 3.38% in the last trading day ( Friday, 12th Jul 2019 ), rising from $16.27 to $16.82 , and has now gained 4 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. During day the stock fluctuated 3.27% from a day low at $16.34 to a day high of $16.88. The price has risen in 6 of the last 10 days and is up by 2.56% over the past 2 weeks. Volume fell in the last day by -0.43 million shares, and in total, 1.15 million shares bought and sold for approximately $19.36 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the WBT stock price was $17.16 and low was $15.36.
- 90 day high was $17.37 and low was $15.16.
- 52 week high for the Manitowoc Food Service Inc - $23.85 and low - $10.66.
Manitowoc Food Service Inc lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $16.87 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.72% during the next 3 months and, with 90% probability hold a price between $13.95 and $15.90 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 $16.22 and $15.96. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday July 09, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 20 - 75 ]
RSI14 is 65 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
Manitowoc Food Service Inc finds support from accumulated volume at $16.70.
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 $0.54 (3.27%) between high and low. For the last week, the stock has had a daily average volatility of 2.92%.
Our recommended stoploss: $16.22 (-3.58%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 3 days ago.)
2.92 %Average volatility
Very Low Low Medium High Very High
|WBT $16.82 ($0.55 3.38%)|
WBT is up $0.55 today, but where's it headed in 2019?
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