CALIFORNIA WATER SERVICE GRP (CWT) Stock Technical Analysis
NYSE:CWT - US1307881029 - Common Stock
46.93 USD
+0.06 (+0.13%)
46.93 USD
0 (0%)
Overall CWT gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. CWT was also a bad performer in the overall market in the last year.
83% of all other stocks performed better in the past year than CWT.
CWT is part of the Water Utilities industry. There are 14 other stocks in this industry, of which 76% 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.
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.
In the last month CWT has a been trading in a tight range between 45.80 and 47.84.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 46.87, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
43.31
51.88
When analyzing the support we can see 2 important areas.
- A support zone ranging from 44.75 to 46.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @43.75 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 46.97 to 47.37. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 48.15 to 48.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 50.90 to 51.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 17.87 | NEGATIVE | CWT has a low relative strength, it was outperformed by 82.13% off all stocks 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) | 53.92 | NEUTRAL | The RSI value for CWT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CWT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 52.41 | NEUTRAL | The Stochastics value for CWT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for CWT suggests low volalility. |
| Average Directional Index/ADX (14) | 28.16 | POSITIVE | The high ADX value value for CWT suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
46.93
+0.06 (+0.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryWater Utilities
Performance
% Chg0.13%
1 Week-1.39%
2 Weeks0.9%
1 Month0.92%
3 Month-0.68%
6 Month3.26%
12 Month-15.18%
2 Year-6.61%
3 Year-19.82%
5 Year3.51%
10 Year127.48%
15 Year34.82%
Volatility
ATR(14)0.79
ATR(20)%1.74%
ATR Inc-42.13%
Range Today0.52
ADR(20)0.81
ADR(20)%1.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.87
Mansfield-1.11
10 Day High47.84
10 Day Low46.04
20 Day High47.84
20 Day Low45.8
52 Week High56.25
52 Week Low41.64
CS1 End46.87
CR1 Start46.97
Volume & EV
DER(3)-0.62%
DER(5)0.49%
Volume250.70K
Volume Incr-28.17%
Vol(5)242.92K
Vol(50)342.85K