Fri 23'rd Feb 2018
Weight Watchers International, Inc Stock Analysis
Technical stock analysis for Fri 23'rd Feb 2018
|Shorts||3.65% ( 2018-01-31 )|
|Loans||7 837.0 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 77.99% during the next 3 months and, with 90% probability hold a price between $116.85 and $143.12 at the end of this period.
Only positive signals in the chart today. Weight Watchers International, 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 $73.15 and $64.66. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday February 22, 2018, 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)
RSI14 is 68 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 $67.91 and $57.37. On the upside the stock meets some resistance just above today's level from accumulated volume at $73.94, $73.97 and $74.08.
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 $67.91. If this is broken, then the next support from accumulated volume will be at $57.37 and $56.89. The stock is about to test the resistance from accumulated volume at $73.94 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
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 $1.92 between high and low, or 2.67%. For the last week, the stock has had a daily average volatility of 3.73%.
Our recommended stoploss: $69.82 (-4.97%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
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Weight Watchers International, Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Strong Buy Candidate.
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