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 4 out of 10. WAT has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
WAT has only a medium technical rating, but it does show a decent setup pattern. 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 362.33. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 355.05, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for WAT in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
317.79
When analyzing the support we can see 3 important areas.
- A support zone ranging from 348.24 to 355.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @339.01 from a horizontal line in the daily time frame.
- A support zone ranging from 321.00 to 325.96. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 362.33 to 368.26. This zone is formed by a combination of multiple trend lines in the daily time frame.
362.1
+3.57 (+1%)