Waterstone Financial Stock Forecast
Waterstone Financial stock price up 1.37% on Thursday
(Updated on Apr 18, 2024)
The Waterstone Financial stock price gained 1.37% on the last trading day (Thursday, 18th Apr 2024), rising from $10.94 to $11.09. During the last trading day the stock fluctuated 2.77% from a day low at $10.83 to a day high of $11.13. The price has been going up and down for this period, and there has been a -4.23% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 23 thousand more shares were traded than the day before. In total, 72 thousand shares were bought and sold for approximately $796.24 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 -19.61% during the next 3 months and, with a 90% probability hold a price between $8.39 and $9.45 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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WSBF Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 10, 2024, and so far it has risen 3.55%. Further rise is indicated until a new top pivot has been found. Waterstone Financial has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Waterstone Financial stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $11.55. On a fall, the stock will find some support from the short-term average at $11.00. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Waterstone Financial stock
Waterstone Financial finds support from accumulated volume at $10.99 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 $0.300 between high and low, or 2.77%. For the last week, the stock has had daily average volatility of 2.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WSBF) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Waterstone Financial to open at $11.02, and during the day (based on 14 day Average True Range), to move between $10.74 and $11.44, which gives a possible trading interval of +/-$0.350 (+/-3.16%) up or down from last closing price. If Waterstone Financial takes out the full calculated possible swing range there will be an estimated 6.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.99 (0.90%) than the resistance at $11.22 (1.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Waterstone Financial will release earnings BMO on Tuesday, April 23, 2024. We will update the financials statements for Waterstone Financial, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.46% in the first trading day after earnings release.
Is Waterstone Financial stock A Buy?
Waterstone Financial 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 stock.
Current score: -1.036 Sell Candidate Unchanged
Predicted Opening Price for Waterstone Financial of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $11.02 ( 0.661%) | $11.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WSBF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.32 | 2.04 % | |
| R2 | 11.20 | 1.01 % | ||
| R1 | 11.13 | 0.372 % | ||
| Current price: | 11.09 | |||
| Support | S1 | 10.90 | -1.69 % | |
| S2 | 10.83 | -2.33 % | ||
| S3 | 10.72 | -3.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.94 | 7.66 % | |
| R2 | 11.38 | 2.61 % | ||
| R1 | 11.22 | 1.17 % | ||
| Current price | 11.09 | |||
| Support | S1 | 10.99 | -0.90% | |
| S2 | 10.94 | -1.35% | ||
| S3 | 10.71 | -3.43% |
WSBF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 05, 2024 | Apr 05, 2024 | May 01, 2024 | $0.150 | 1.35% |
| 2 | Dec 21, 2023 | Jan 05, 2024 | Feb 01, 2024 | $0.150 | 1.15% |
| 3 | Sep 26, 2023 | Oct 05, 2023 | Nov 01, 2023 | $0.150 | 1.37% |
| 4 | Jun 29, 2023 | Jul 07, 2023 | Aug 02, 2023 | $0.200 | 1.46% |
| 5 | Mar 22, 2023 | Apr 06, 2023 | Aug 02, 2023 | $0.200 | 1.46% |
FAQ
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