TDW Signals SELL On Daily Chart

The Technical Analysis

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Published: September 5, 2021 at 08:32 PM EDT

On September 3, 2021, Tidewater Inc stock (TDW) achieved a SELL signal on 3 of our proprietary algorithms indicating near-term downward movement for TDW. Based on historically similar occurrences, the likelihood of this near-term movement is very high. Although this analysis may be technical, it clearly lays out targets for pending price action for TDW. The chart of all potential movement is at the bottom of this article.

Multi-Time Frame Algorithm

This algorithm determines when price direction reverses at the same time on the Daily and 3 Hour chart. There are two buy and sell points for this algorithm. An aggressive signal occurs when price direction changes on both charts at the same time. A conservative signal occurs after the second bar confirms price direction has changed. Aggressive signals can happen without conservative signals. Conservative signals only occur when an aggressive signal also occurs at the same time. The signals appear on other time frame charts in the same position a cross-over occurs on the 3 Hour and Daily charts.

Multi-Time Frame Aggressive SELL - TDW Daily Chart Accuracy

This algorithm accurately identifies SELL points for TDW on daily charts 96.907% of the time it signals. A successful signal means the equity price moves down at least 1% over the next 35 Daily bars. When the algorithm properly performs, success is seen at least 1 trading bars after the signal closing price with a median max gain occurring around 18 trading bars after the signal bar. Successful signals see average reversals of 15.334% from the signal bar closing price and median reversals of 10.711%. The equity reverses greater than two percent 88.66% of the time, greater than five percent 69.072% of the time, and moves beyond ten percent 54.639% of occurrences. The signal does not necessarily mean an immediate price reversal will occur. Price reversal is delayed 87.629% of the time. In these instances, the reversals do not obey the signal and begin sizable downward movement for an additional 1 to 9 bars after the triggering signal occurs. This delay can see the equity rise 2.351% to 7.921% beyond the signal closing price of 11.42.

Analysis Based on This Section

Based on the signal closing price of 11.42, the target price is between 8.57 and 10.95 over the next 3 to 29 bars after the signal. However, the equity may first rise toward a price in the range of 11.69 to 12.32 over the first 1 to 9 trading bars.

Multi-Time Frame Conservative SELL - TDW Daily Chart Accuracy

This algorithm accurately identifies SELL points for TDW on daily charts 95.789% of the time it signals. A successful signal means the equity price moves down at least 1% over the next 35 Daily bars. When the algorithm properly performs, success is seen at least 1 trading bars after the signal closing price with a median max gain occurring around 19 trading bars after the signal bar. Successful signals see average reversals of 13.542% from the signal bar closing price and median reversals of 10.788%. The equity reverses greater than two percent 88.947% of the time, greater than five percent 68.947% of the time, and moves beyond ten percent 54.211% of occurrences. The signal does not necessarily mean an immediate price reversal will occur. Price reversal is delayed 87.368% of the time. In these instances, the reversals do not obey the signal and begin sizable downward movement for an additional 1 to 9 bars after the triggering signal occurs. This delay can see the equity rise 2.226% to 6.959% beyond the signal closing price of 11.42.

Analysis Based on This Section

Based on the signal closing price of 11.42, the target price is between 9.37 and 10.92 over the next 4 to 30 bars after the signal. However, the equity may first rise toward a price in the range of 11.67 to 12.21 over the first 1 to 9 trading bars.

Precise Signal

This algorithm combines the occurrence of Chris Moody's SlingShot indicator with my Multi-Time Frame Algorithm above. The frequency of both indicators occurring on their own is somewhat infrequent, however, simultaneous occurrences is quite rare.

Precise Signal SELL - TDW Daily Chart Accuracy

This algorithm accurately identifies SELL points for TDW on daily charts 100.0% of the time it signals. A successful signal means the equity price moves down at least 1% over the next 35 Daily bars. When the algorithm properly performs, success is seen at least 2 trading bars after the signal closing price with a median max gain occurring around 20 trading bars after the signal bar. Successful signals see average reversals of 13.933% from the signal bar closing price and median reversals of 12.361%. The equity reverses greater than two percent 100.0% of the time, greater than five percent 81.818% of the time, and moves beyond ten percent 63.636% of occurrences. The signal does not necessarily mean an immediate price reversal will occur. Price reversal is delayed 81.818% of the time. In these instances, the reversals do not obey the signal and begin sizable downward movement for an additional 2 to 11 bars after the triggering signal occurs. This delay can see the equity rise 3.946% to 12.579% beyond the signal closing price of 11.42.

Analysis Based on This Section

Based on the signal closing price of 11.42, the target price is between 9.13 and 10.57 over the next 18 to 28 bars after the signal. However, the equity may first rise toward a price in the range of 11.87 to 12.86 over the first 2 to 11 trading bars.

Summarization of Data

Based on all of the historical datapoints, this analysis has settled on the most likely courses of movement. The red boxes in the image below indicate the likely location of a rise if the signal is not immediately accurate. The green boxes likely hold the extent of signal accuracy. The larger boxes contain all movements aligned with historical data. The smaller box is comprised of the likely half of the median historical data. In this instance, half of the historical data shows the stock may first move up between 11.69 and 12.32. This is the small red box. Likewise, half of the historical target end points finish in the smaller green box. In this instance, the target bottom is likely between 9.13 and 10.92.

Chart displaying Reversals and Targets for TDW

View this interactive chart on TradingView to see where the stock currently is for this idea.

DISCLOSURE: The algorithms and historical accuracy percentages mentioned in these articles are for reference only. Anything can happen in the future when it comes to market movement. Historical price action is not always indicative of future movement. Just because the signals may have a high degree of accuracy, they can always fail. Traders assume all risk to their assets when investing in short or long-term opportunities.

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