CALIFORNIA WATER SERVICE GRP (CWT) Technical Analysis
NYSE:CWT • US1307881029
Current stock price
CWT Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to CWT. CWT has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- 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 44.04 - 48.08 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- When comparing the performance of all stocks over the past year, CWT turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
- CWT is part of the Water Utilities industry. There are 14 other stocks in this industry, CWT did better than 46% of them.
- 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CWT Weekly and Daily overview Charts
CWT Setup Rating and Analysis
Although the technical rating is only medium, CWT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 47.53. Right above this resistance zone may be a good entry point.
More info and screens
CWT Support and Resistance Analysis
41.46
5 important support areas can be observed.
- Support @47.09 from a trend line in the weekly time frame.
- A support zone ranging from 45.46 to 46.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @44.59 from a horizontal line in the daily time frame.
- 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 47.53 to 47.53. 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 | UP | POSITIVE | The short term trend for CWT is up. |
| ChartMill Relative Strength | 41.76 | 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) | UP | POSITIVE | The current price of CWT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.37 | NEUTRAL | The RSI value for CWT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests CWT has a positive trend. |
| Stochastics (14,3) | 76.05 | NEUTRAL | The Stochastics value for CWT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for CWT suggests some volalility. |
| Average Directional Index/ADX (14) | 14.12 | NEGATIVE | The low ADX value for CWT suggests a weak or negative trend. |
CWT Chart- and CandleStick Pattern Analysis
CWT Example Setup
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 |
|---|---|---|---|
| 47.54 | 47.08 | 0.46 (0.97%) | 25.00% |
| An entry @47.54. This is a Buy Stop order right above the resistance zone. | An exit @47.08. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.46 points, which is 0.97%. | For a 0.24% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CWT. Please evaluate whether better entry and exit points can be found.
- 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.
CWT Technicals: Chart, Performance Metrics, Trend & Indicators
47.52
+1.01 (+2.17%)
CALIFORNIA WATER SERVICE GRP / CWT TA FAQ
What is the technical rating for CWT stock?
ChartMill assigns a technical rating of 6 / 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 61.3691. 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 positive.
What is the support and resistance level for CWT stock?
CALIFORNIA WATER SERVICE GRP (CWT) has a support level at 47.09 and a resistance level at 47.53. Check the full technical report for our detailed analysis of CWT support and resistance levels.