H2O Technical Analysis - ENAPTER AG

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to H2O. H2O'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.

When comparing the yearly performance of all stocks, H2O is a bad performer in the overall market: 99% of all stocks are doing better.

H2O is one of the lesser performing stocks in the Electrical Equipment industry. 69% of 63 stocks in the same industry do better.

H2O is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.

In the last month H2O has a been trading in the 1.72 - 2.69 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of H2O is bad and it also does not present a 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.70

3.03

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 2.36 to 2.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @2.69 from a trend line in the daily time frame.
Resistance @2.92 from a horizontal line in the daily time frame.
Resistance @3.00 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	DOWN	NEGATIVE	The long term trend for H2O.DE is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for H2O.DE is down.
ChartMill Relative Strength	1.43	NEGATIVE	H2O.DE has a low relative strength, it was outperformed by 98.57% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of H2O.DE is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of H2O.DE is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of H2O.DE is below a declining SMA(200).
Relative Strength Index/RSI (14)	16.46	OVERSOLD	The low RSI value suggests H2O.DE may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.06	NEGATIVE	The MACD value suggests H2O.DE has a negative trend, although the MACD value is rising.
Stochastics (14,3)	1.25	OVERSOLD	The low Stochastics value suggests H2O.DE may be oversold.
Average True Range in percent/ATR (20)	7.22	HIGH VOLATILITY	The high ATR as a percentage value for H2O.DE suggests high volalility.
Average Directional Index/ADX (14)	26.57	POSITIVE	The high ADX value value for H2O.DE suggests a strong trend.