GWR Global Water Resources Inc (GWR.CA) Stock Technical Analysis
TSX:GWR - Toronto Stock Exchange - US3794631024 - Common Stock - Currency: CAD
We assign a technical rating of 4 out of 10 to GWR. In the last year, GWR was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
In the last month GWR has a been trading in the 17.60 - 20.46 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: GWR has an average volume of 414 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
GWR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GWR is lagging the market slightly.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the performance of all stocks over the past year, GWR turns out to be only a medium performer in the overall market: it outperformed 49% of all stocks.
GWR has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
16.14
19.89
When analyzing the support we can see 2 important areas.
- Support @17.81 from a horizontal line in the daily time frame.
- A support zone ranging from 16.30 to 16.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 19.38 to 19.69. 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 GWR.CA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GWR.CA is down. |
| ChartMill Relative Strength | 49.71 | NEUTRAL | GWR.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GWR.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of GWR.CA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GWR.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.91 | NEUTRAL | The RSI value for GWR.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests GWR.CA has a negative trend. |
| Stochastics (14,3) | 8.3 | OVERSOLD | The low Stochastics value suggests GWR.CA may be oversold. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for GWR.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 8.24 | NEGATIVE | The low ADX value for GWR.CA suggests a weak or negative 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)
GWR Global Water Resources Inc
TSX:GWR (2/24/2023, 7:00:00 PM)
17.84
-0.3 (-1.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryWater Utilities
Performance
% Chg-1.65%
1 Week-7.9%
2 Weeks-5.46%
1 Month-6.65%
3 Month4.94%
6 Month5.31%
12 Month-14.23%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.47
ATR(20)%2.76%
ATR Inc-65.15%
Range Today0.07
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.71
Mansfield-0.04
10 Day High19.63
10 Day Low17.81
20 Day High20.46
20 Day Low17.6
52 Week High21.35
52 Week Low0
CS1 End17.81
CR1 Start19.38
Volume & EV
DER(3)0%
DER(5)-1.05%
Volume200
Volume Incr57.55%
Vol(5)640.2
Vol(50)414.86