WATERS CORP (WAT) Stock Technical Analysis
NYSE:WAT - New York Stock Exchange, Inc. - US9418481035 - Common Stock - Currency: USD
Overall WAT gets a technical rating of 0 out of 10. WAT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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, WAT is a bad performer in the overall market: 89% of all stocks are doing better.
WAT is part of the Life Sciences Tools & Services industry. There are 54 other stocks in this industry, of which 71% are performing better than WAT.
WAT 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 WAT has a been trading in the 276.00 - 360.00 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The technical rating of WAT 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.
More info and screens
274.93
371.94
When analyzing the support we notice one important area.
- A support zone ranging from 277.71 to 277.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @280.07 from a trend line in the daily time frame.
- A resistance zone ranging from 298.42 to 303.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 342.03 to 342.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 366.67 to 368.26. This zone is formed by a combination of multiple trend lines 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 WAT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WAT is down. |
| ChartMill Relative Strength | 11.72 | NEGATIVE | WAT has a low relative strength, it was outperformed by 88.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WAT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WAT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WAT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 29.42 | OVERSOLD | The low RSI value suggests WAT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.55 | NEGATIVE | The MACD value suggests WAT has a negative trend. |
| Stochastics (14,3) | 12.41 | OVERSOLD | The low Stochastics value suggests WAT may be oversold. |
| Average True Range in percent/ATR (20) | 4.43 | MEDIUM VOLATILITY | The ATR as a percentage value for WAT suggests some volalility. |
| Average Directional Index/ADX (14) | 24.95 | NEUTRAL | The ADX value for WAT suggests a possible start of a new 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)
277.72
-3.47 (-1.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg-1.23%
1 Week-7.14%
2 Weeks-6.06%
1 Month-20.47%
3 Month-19.28%
6 Month-32.18%
12 Month-16.53%
2 Year-1.1%
3 Year-6.99%
5 Year28.42%
10 Year128.8%
15 Year358.89%
Volatility
ATR(14)9.62
ATR(20)%4.43%
ATR Inc-25.58%
Range Today5.86
ADR(20)10.55
ADR(20)%3.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.72
Mansfield-2.79
10 Day High305.87
10 Day Low276
20 Day High360
20 Day Low276
52 Week High423.56
52 Week Low276
CS1 End277.71
CR1 Start280.07
Volume & EV
DER(3)-1.64%
DER(5)-1.28%
Volume942.70K
Volume Incr14.06%
Vol(5)1.24M
Vol(50)801.73K