GLOBAL WATER RESOURCES INC (GWRS) Stock Technical Analysis
NASDAQ:GWRS • US3794631024
We assign a technical rating of 3 out of 10 to GWRS. In the past year, GWRS was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, GWRS is a bad performer in the overall market: 78% of all stocks are doing better.
- GWRS is one of the lesser performing stocks in the Water Utilities industry. 92% of 14 stocks in the same industry do better.
- GWRS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month GWRS has a been trading in the 8.51 - 9.31 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found 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. A pullback is taking place, which may present a nice opportunity for an entry. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
8.23
When analyzing the support we notice one important area.
- A support zone ranging from 8.31 to 8.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
6 important resistance areas can be observed.
- A resistance zone ranging from 9.00 to 9.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.54 from a trend line in the weekly time frame.
- Resistance @9.89 from a trend line in the weekly time frame.
- Resistance @10.08 from a horizontal line in the daily time frame.
- Resistance @10.55 from a horizontal line in the weekly time frame.
- Resistance @10.80 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for GWRS is neutral. |
| ChartMill Relative Strength | 22.88 | NEGATIVE | GWRS has a low relative strength, it was outperformed by 77.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GWRS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GWRS is above the rising 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) | 53.43 | NEUTRAL | The RSI value for GWRS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GWRS has a negative trend. |
| Stochastics (14,3) | 40.54 | NEUTRAL | The Stochastics value for GWRS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for GWRS suggests some volalility. |
| Average Directional Index/ADX (14) | 16.05 | NEGATIVE | The low ADX value for GWRS suggests a weak or negative trend. |
8.92
+0.11 (+1.25%)
GLOBAL WATER RESOURCES INC / GWRS FAQ
Can you provide the ChartMill technical rating for GLOBAL WATER RESOURCES INC?
ChartMill assigns a technical rating of 3 / 10 to GWRS.
Can you provide the trend direction for GLOBAL WATER RESOURCES INC?
The current trend direction for GLOBAL WATER RESOURCES INC (GWRS) is Bearish.
What is the RSI signal for GLOBAL WATER RESOURCES INC (GWRS) stock?
GLOBAL WATER RESOURCES INC (GWRS) has an RSI value of 53.4348. This indicates that the stock is currently neutral.
What is the MACD signal for GWRS stock?
The MACD indicator for GLOBAL WATER RESOURCES INC (GWRS) has a value of -0.00319091, indicating a bearish trend.