Fri 25'th May 2018
Weight Watchers International, Inc Stock Analysis
Technical stock analysis for Fri 25'th May 2018
Weight Watchers International, Inc fell by -0.72% in the last day from $80.30 to $79.72 The price has risen in 8 of the last 10 days and is up by 6.65% over the past 2 weeks. Volume has increased in the last day by 0.16 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 1.29 million shares bought and sold for approximately $102.91 million.
|Shorts||5.68% ( 2018-04-30 )|
|Loans||3 836.2 mill|
Weight Watchers International, Inc lies in the middle of a wide and 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 23.5% during the next 3 months and, with 90% probability hold a price between $84.98 and $104.02 at the end of this period.
Weight Watchers International, Inc holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $80.11. On a fall, the stock will find some support from the long-term average at approximately $71.75. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Friday May 18, 2018, which indicates further gains 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. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
The stock holds a RSI14 at 74 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $74.75 and $69.83.
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, Weight Watchers International, Inc finds support just below today's level at $74.75. If this is broken, then the next support from accumulated volume will be at $69.83 and $67.62.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $2.16 between high and low, or 2.74%. For the last week, the stock has had a daily average volatility of 2.28%.
Our recommended stoploss: $75.73 (-5.01%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 74 and this increases the risk substantially. There is a buy signal from pivot bottom found 5 days ago.)
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