GLOBAL WATER RESOURCES INC (GWRS) Stock Technical Analysis
NASDAQ:GWRS - Nasdaq - US3794631024 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to GWRS. GWRS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
74% of all other stocks performed better in the past year than GWRS.
GWRS is one of the lesser performing stocks in the Water Utilities industry. 84% of 14 stocks in the same industry do better.
GWRS is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GWRS is lagging the market.
In the last month GWRS has a been trading in the 9.97 - 10.58 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Although the technical rating is bad, GWRS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 10.36. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.34, a Stop Loss order could be placed below this zone.
More info and screens
9.43
13.25
When analyzing the support we can see 3 important areas.
- Support @10.09 from a horizontal line in the daily time frame.
- A support zone ranging from 9.76 to 9.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.53 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 10.28 to 10.36. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 10.56 to 10.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.12 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for GWRS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GWRS is down. |
| ChartMill Relative Strength | 26.56 | NEGATIVE | GWRS has a low relative strength, it was outperformed by 73.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GWRS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GWRS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GWRS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.15 | NEUTRAL | The RSI value for GWRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GWRS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.65 | NEUTRAL | The Stochastics value for GWRS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for GWRS suggests some volalility. |
| Average Directional Index/ADX (14) | 13.18 | NEGATIVE | The low ADX value for GWRS 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)
10.28
-0.07 (-0.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryWater Utilities
Performance
% Chg-0.68%
1 Week-1.91%
2 Weeks0%
1 Month-1.15%
3 Month-10.45%
6 Month-23.28%
12 Month-20.43%
2 Year-11.99%
3 Year-28.31%
5 Year-4.37%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%2.48%
ATR Inc-13.23%
Range Today0.18
ADR(20)0.24
ADR(20)%2.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.56
Mansfield-1.61
10 Day High10.53
10 Day Low9.97
20 Day High10.58
20 Day Low9.97
52 Week High13.98
52 Week Low9.37
CS1 End10.34
CR1 Start10.36
Volume & EV
DER(3)-3.17%
DER(5)-1.16%
Volume61.44K
Volume Incr-10.76%
Vol(5)44.29K
Vol(50)54.25K