Aquaventure Holdings Ltd (WAAS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WAAS -
Taking everything into account, WAAS scores 6 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- WAAS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month WAAS has a been trading in the 25.06 - 27.22 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, WAAS did better than 96% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- Volume is considerably higher in the last couple of days.
WAAS has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 27.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.01, a Stop Loss order could be placed below this zone. 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
17.41
3 important support areas can be observed.
- A support zone ranging from 25.87 to 27.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @25.31 from a horizontal line in the daily time frame.
- Support @17.59 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 27.11 to 27.31. 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 | UP | POSITIVE | The long term trend for WAAS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WAAS is neutral. |
| ChartMill Relative Strength | 96.33 | POSITIVE | WAAS has a high relative strength, it outperformed 96.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WAAS is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WAAS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WAAS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.06 | NEUTRAL | The RSI value for WAAS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests WAAS has a positive trend. |
| Stochastics (14,3) | 83.02 | OVERBOUGHT | The high Stochastics value suggests WAAS may be overbought. |
| Average True Range in percent/ATR (20) | 2.05 | MEDIUM VOLATILITY | The ATR as a percentage value for WAAS suggests some volalility. |
27.03
-0.03 (-0.11%)
Aquaventure Holdings Ltd / WAAS FAQ
Can you provide the ChartMill technical rating for Aquaventure Holdings Ltd?
ChartMill assigns a technical rating of 5 / 10 to WAAS.
What is the trend direction for WAAS stock?
The current trend direction for Aquaventure Holdings Ltd (WAAS) is Bullish.
What is the RSI signal for Aquaventure Holdings Ltd (WAAS) stock?
Aquaventure Holdings Ltd (WAAS) has an RSI value of 54.0627. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Aquaventure Holdings Ltd?
The MACD indicator for Aquaventure Holdings Ltd (WAAS) has a value of 0.0632404, indicating a bearish trend.
What is the support and resistance level for WAAS stock?
Aquaventure Holdings Ltd (WAAS) has a support level at 27.01 and a resistance level at 27.11. Check the full technical report for our detailed analysis of WAAS support and resistance levels.