CALIFORNIA WATER SERVICE GRP (CWT) Technical Analysis
NYSE:CWT • US1307881029
Current stock price
CWT Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to CWT. CWT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 80% 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 69% are performing better than CWT.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- 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 the 42.98 - 47.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CWT Weekly and Daily overview Charts
CWT Setup Rating and Analysis
Although the technical rating is bad, CWT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 43.62, 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
CWT Support and Resistance Analysis
41.46
When analyzing the support we can see 2 important areas.
- Support @43.62 from a horizontal line in the daily time frame.
- A support zone ranging from 41.88 to 42.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 45.17 to 45.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 46.56 to 47.18. 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.
CWT Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for CWT is down. |
| ChartMill Relative Strength | 20.68 | NEGATIVE | CWT has a low relative strength, it was outperformed by 79.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CWT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CWT is below 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) | 45.6 | NEUTRAL | The RSI value for CWT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests CWT has a negative trend. |
| Stochastics (14,3) | 33.14 | NEUTRAL | The Stochastics value for CWT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for CWT suggests some volalility. |
| Average Directional Index/ADX (14) | 13.22 | NEGATIVE | The low ADX value for CWT suggests a weak or negative trend. |
CWT Chart- and CandleStick Pattern Analysis
CWT Technicals: Chart, Performance Metrics, Trend & Indicators
44.68
-0.45 (-1%)
CALIFORNIA WATER SERVICE GRP / CWT TA FAQ
What is the technical rating for CWT stock?
ChartMill assigns a technical rating of 2 / 10 to CWT.
Can you provide the trend direction for CALIFORNIA WATER SERVICE GRP?
The current trend direction for CALIFORNIA WATER SERVICE GRP (CWT) is Bearish.
Can you provide the RSI signal for CALIFORNIA WATER SERVICE GRP?
CALIFORNIA WATER SERVICE GRP (CWT) has an RSI value of 45.6008. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CALIFORNIA WATER SERVICE GRP?
The short term momentum for CALIFORNIA WATER SERVICE GRP (CWT) is negative.
What is the support and resistance level for CWT stock?
CALIFORNIA WATER SERVICE GRP (CWT) has a support level at 43.62 and a resistance level at 45.17. Check the full technical report for our detailed analysis of CWT support and resistance levels.