Aquaventure Holdings Ltd (WAAS) Stock Technical Analysis
NYSE:WAAS - New York Stock Exchange, Inc. -
Taking everything into account, WAAS scores 6 out of 10 in our technical rating. In the last year, WAAS was one of the better performers, but we do observe some doubts in the very recent evolution.
Although the technical rating is only medium, WAAS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. 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. Another positive sign is the recent Pocket Pivot signal.
- 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%)