VOLUME
Sell
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

WWW Forecast and Technical Stock Analysis

Sell candidate since 2019-05-22 Loss -9.85%

Wolverine World Wide, Inc fell by -0.88% in the last day ( Thursday, 18th Jul 2019 ) from $27.32 to $27.08 and has now fallen 3 days in a row. During day the stock fluctuated 1.41% from a day low at $26.92 to a day high of $27.30. The price has fallen in 7 of the last 10 days and is down by -2.52% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -291 576 shares and in total 219 683 shares bought and sold for approximately $5.95 million.

Quick summary:

  • 30 day high of the WWW stock price was $28.35 and low was $26.54.
  • 90 day high was $37.58 and low was $26.54.
  • 52 week high for the Wolverine World Wide, Inc - $39.77 and low - $26.54.
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Trend

Wolverine World Wide, Inc 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 -26.18% during the next 3 months and, with 90% probability hold a price between $16.50 and $21.26 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. Wolverine World Wide, Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $27.15 and $27.55. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday July 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

A buy signal from a double bottom formation was found on Thursday July 11, 2019 and based on theory for this formation the price should go up by 1.28% to $28.06 within 13 trading days since signal was issued (Tuesday July 30, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 46 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

Wolverine World Wide, Inc finds support from accumulated volume at $26.87.

Support: $26.87 Price: $27.08 Resistance: $27.54

Risk

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 $0.38 (1.41%) between high and low. For the last week, the stock has had a daily average volatility of 2.36%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

2.36 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Upgraded

Evaluation

Wolverine World Wide, Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Stronger Sell Today WWW ranks #4474 as SELL CANDIDATE #4474 Weaker Sell

Will WWW stock price go up or down on Mon, 22 Jul 2019?

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