Technical Analysis :
Current Price and Target: The current price of $10.19 the target price, with a potential profit of 11.3%. This suggests the stock is in a position for possible short-term growth, assuming market conditions support upward momentum.
Profit/Loss Ratio (P/L Ratio): The P/L ratio is 3.3:1, which is considered favorable. This means for every dollar of potential loss, there's approximately 3.3 dollars in potential profit. This ratio indicates a strong risk-to-reward setup, making the trade attractive to investors.
Stop/Trailing Stop: The stop loss is set at $9.86, which is 3.4% below the current price. This gives the trade a relatively narrow loss tolerance, limiting risk. Setting a trailing stop could help lock in profits if the stock rises, while protecting against potential reversals.
Risk and Reward: The combination of an 11.3% profit potential and a 3.4% stop loss creates a solid risk-to-reward scenario. With a good P/L ratio, the potential for substantial profit outweighs the risk of a small loss, indicating a favorable entry point for the stock.
Conclusion: The analysis suggests a positive outlook for
WTTR based on the favorable P/L ratio, profit potential, and manageable stop loss. As long as the stock maintains its upward trajectory, it could offer strong returns with a controlled downside risk.
Current Price and Target: The current price of $10.19 the target price, with a potential profit of 11.3%. This suggests the stock is in a position for possible short-term growth, assuming market conditions support upward momentum.
Profit/Loss Ratio (P/L Ratio): The P/L ratio is 3.3:1, which is considered favorable. This means for every dollar of potential loss, there's approximately 3.3 dollars in potential profit. This ratio indicates a strong risk-to-reward setup, making the trade attractive to investors.
Stop/Trailing Stop: The stop loss is set at $9.86, which is 3.4% below the current price. This gives the trade a relatively narrow loss tolerance, limiting risk. Setting a trailing stop could help lock in profits if the stock rises, while protecting against potential reversals.
Risk and Reward: The combination of an 11.3% profit potential and a 3.4% stop loss creates a solid risk-to-reward scenario. With a good P/L ratio, the potential for substantial profit outweighs the risk of a small loss, indicating a favorable entry point for the stock.
Conclusion: The analysis suggests a positive outlook for
WTTR based on the favorable P/L ratio, profit potential, and manageable stop loss. As long as the stock maintains its upward trajectory, it could offer strong returns with a controlled downside risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.