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AI Analysis of WOW
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Stronger technical forecast for WideOpenWest Inc stock price after Friday trading.
(Updated on Apr 19, 2024)

Hold candidate since Apr 19, 2024 PDF

The WideOpenWest Inc stock price gained 2.03% on the last trading day (Friday, 19th Apr 2024), rising from $3.45 to $3.52. During the last trading day the stock fluctuated 3.95% from a day low at $3.42 to a day high of $3.56. The price has fallen in 7 of the last 10 days and is down by -5.12% for this period. Volume fell on the last day by -50 thousand shares and in total, 224 thousand shares were bought and sold for approximately $790.03 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very 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 -5.05% during the next 3 months and, with a 90% probability hold a price between $2.80 and $3.86 at the end of this 3-month period.

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WOW Signals & Forecast

The WideOpenWest Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $3.53. On a fall, the stock will find some support from the long-term average at approximately $3.48. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.92%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for WideOpenWest Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $3.07 and $3.04. There is a 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, WideOpenWest Inc finds support just below today's level at $3.07. If this is broken, then the next support from accumulated volume will be at $3.04 and $3.03.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.135 between high and low, or 3.95%. For the last week the stock has had daily average volatility of 4.25%.

Our recommended stop-loss: $3.36 (-4.55%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (WOW) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect WideOpenWest Inc to open at $3.50, and during the day (based on 14 day Average True Range), to move between $3.33 and $3.71, which gives a possible trading interval of +/-$0.186 (+/-5.29%) up or down from last closing price. If WideOpenWest Inc takes out the full calculated possible swing range there will be an estimated 10.58% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $3.64 (3.41%) than the support at $3.07 (12.78%), 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 WideOpenWest Inc stock A Buy?

WideOpenWest Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.455 Hold/Accumulate Upgraded

Predicted Opening Price for WideOpenWest Inc of Monday, April 22, 2024

Fair opening price April 22, 2024 Current price
$3.50 ( 0.616%) $3.52

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

Trading levels for WOW

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.63 3.22 %
R2 3.58 1.75 %
R1 3.55 0.85 %
Current price: 3.52
Support S1 3.45 -2.08 %
S2 3.41 -2.99 %
S3 3.36 -4.45 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 4.20 19.32 %
R2 3.86 9.66 %
R1 3.64 3.41 %
Current price 3.52
Support S1 3.07 -12.78%
S2 3.04 -13.64%
S3 3.03 -13.92%

FAQ

What is the symbol for WideOpenWest Inc Stock and on which exchange is it traded?
The symbol for WideOpenWest Inc is WOW and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell WideOpenWest Inc Stock?
WideOpenWest Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy WideOpenWest Inc Stock?
WideOpenWest Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy WideOpenWest Inc Stock.

What's the current price of WideOpenWest Inc Stock?
As of the end of day on the 2024-04-19, the price of an WideOpenWest Inc (WOW) share was $3.52.

What is the 52-week high and low for WideOpenWest Inc Stock?
The 52-week high for WideOpenWest Inc Stock is $11.75 and the 52-week low is $2.31.

What is the market capitalization of WideOpenWest Inc Stock?
As of the 2024-04-19, the market capitalization of WideOpenWest Inc is 294.383M.

When is the next earnings date for WideOpenWest Inc?
The upcoming earnings date for WideOpenWest Inc is May 02, 2024.
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About WideOpenWest Inc

WideOpenWest WideOpenWest, Inc. provides high speed data, cable television, and digital telephony services to residential and business services customers in the United States. Its video services include basic cable services that comprise local broadcast television and local community programming; digital cable services; WOW tv+ that offers traditional cable video and cloud DVR functionality, voice remote with Google Assistant, and Netflix integration along wi... WOW Profile

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