WATERS CORP (WAT) Stock Technical Analysis
NYSE:WAT • US9418481035
Taking everything into account, WAT scores 0 out of 10 in our technical rating. WAT'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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, WAT is a bad performer in the overall market: 83% of all stocks are doing better.
- WAT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- WAT is an average performer in the Life Sciences Tools & Services industry, it outperforms 43% of 58 stocks in the same industry.
- WAT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WAT is lagging the market.
Although the technical rating is bad, WAT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
283.35
When analyzing the support we can see 2 important areas.
- Support @322.08 from a trend line in the daily time frame.
- Support @286.21 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 333.34 to 333.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 412.54 to 415.48. 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 | 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 | 17.96 | NEGATIVE | WAT has a low relative strength, it was outperformed by 82.04% 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) | 32.45 | NEUTRAL | The RSI value for WAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.33 | NEGATIVE | The MACD value suggests WAT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.16 | NEUTRAL | The Stochastics value for WAT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.31 | MEDIUM VOLATILITY | The ATR as a percentage value for WAT suggests some volalility. |
| Average Directional Index/ADX (14) | 37.63 | POSITIVE | The high ADX value value for WAT suggests a strong trend. |
326.3
-1.48 (-0.45%)
WATERS CORP / WAT FAQ
Can you provide the ChartMill technical rating for WATERS CORP?
ChartMill assigns a technical rating of 0 / 10 to WAT.
What is the trend direction for WAT stock?
The current trend direction for WATERS CORP (WAT) is Bearish.
Can you provide the RSI signal for WATERS CORP?
WATERS CORP (WAT) has an RSI value of 32.4452. This indicates that the stock is currently neutral.
What is the short term momentum for WATERS CORP (WAT) stock?
The short term momentum for WATERS CORP (WAT) is negative.
Can you provide the support and resistance levels for WATERS CORP?
WATERS CORP (WAT) has a support level at 322.08 and a resistance level at 333.34. Check the full technical report for our detailed analysis of WAT support and resistance levels.