CALIFORNIA WATER SERVICE GRP (CWT)       62.67  -1.25 (-1.96%)

62.67  -1.25 (-1.96%)

US1307881029 - Common Stock - After market: 62.67 0 (0%)

Technical Rating

4

We assign a technical rating of 4 out of 10 to CWT. CWT has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.



CWT is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so CWT slightly outperforms the market at the moment.
In the last month CWT has a been trading in the 59.74 - 63.92 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.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
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 69% of all stocks.
Volume is considerably higher in the last couple of days.
CWT is part of the Water Utilities industry. There are 14 other stocks in this industry, of which 79% are performing better than CWT.

Statistics

1 Month 3 Months 6 Months 12 Months 3.11% 4.78% 4.83% 4.90% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 69.71 48.46 - 66.12
CWT Weekly chart
CWT Daily chart

Support/Resistance Analysis


53.57

66.19
4 important support areas can be observed.
  • A support zone ranging from 61.44 to 62.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 59.88 to 60.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @56.12 from a trend line in the weekly time frame.
  • Support @54.11 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
  • A resistance zone ranging from 63.97 to 64.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @65.53 from a horizontal line in the weekly time frame.

Setup Analysis

Setup Rating

8

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 63.97. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 62.39, 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.

CWT Daily chart

CALIFORNIA WATER SERVICE GRP62.67

NYSE:CWT (2/3/2023, 7:04:00 PM)-1.25 (-1.96%)

After market: 62.67 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Utilities
GICS Industry Water Utilities

Performance
Today -1.96% 1 Week 1.21%
2 Weeks 3.19% 1 Month 3.11%
3 Month 4.78% 6 Month 4.83%

Volatility
ATR(14) 1.56 ATR(20)% 2.29%
ATR Inc 14% Range Today 1.51

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 69.71 Mansfield 0.51
10 Day High 63.92 10 Day Low 59.74
20 Day High 63.92 20 Day Low 59.74
52 Week High 66.12 52 Week Low 48.46
CS1 End 62.39 CR1 Start 63.97

Volume & EV
DER(3) 0.39% DER(5) -0.04%
Volume 258.40K Volume Incr 137.14%
Vol(5) 387.80K Vol(50) 229.80K

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