CALIFORNIA WATER SERVICE GRP (CWT) Stock Technical Analysis
NYSE:CWT • US1307881029
Overall CWT gets a technical rating of 6 out of 10. CWT has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- When comparing the yearly performance of all stocks, CWT is a bad performer in the overall market: 66% of all stocks are doing better.
- CWT is part of the Water Utilities industry. There are 14 other stocks in this industry, of which 61% are performing better than CWT.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month CWT has a been trading in the 43.50 - 47.03 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- CWT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CWT is lagging the market.
CWT has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 46.23. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 45.62, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
41.46
When analyzing the support we can see 2 important areas.
- A support zone ranging from 44.26 to 45.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.88 to 42.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 46.23 to 46.39. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @47.95 from a trend line in the weekly time frame.
- A resistance zone ranging from 49.59 to 49.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @50.89 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for CWT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CWT is up. |
| ChartMill Relative Strength | 34.39 | NEUTRAL | CWT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CWT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CWT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CWT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.64 | NEUTRAL | The RSI value for CWT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests CWT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.08 | NEUTRAL | The Stochastics value for CWT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for CWT suggests some volalility. |
| Average Directional Index/ADX (14) | 13.59 | NEGATIVE | The low ADX value for CWT suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 46.40 | 44.25 | 2.15 (4.63%) | 21.58% |
| An entry @46.40. This is a Buy Stop order right above the resistance zone. | An exit @44.25. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.15 points, which is 4.63%. | When investing 21.58% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
45.75
-0.45 (-0.97%)
CALIFORNIA WATER SERVICE GRP / CWT FAQ
What is the technical rating for CWT stock?
ChartMill assigns a technical rating of 6 / 10 to CWT.
What is the trend direction for CWT stock?
The current trend direction for CALIFORNIA WATER SERVICE GRP (CWT) is Bearish.
What is the RSI signal for CALIFORNIA WATER SERVICE GRP (CWT) stock?
CALIFORNIA WATER SERVICE GRP (CWT) has an RSI value of 55.6443. This indicates that the stock is currently neutral.
What is the MACD signal for CALIFORNIA WATER SERVICE GRP (CWT) stock?
The MACD indicator for CALIFORNIA WATER SERVICE GRP (CWT) has a value of 0.135229, indicating a bearish trend.