ENERGOUS CORP (WATT) Stock Technical Analysis
NASDAQ:WATT • US29272C3016
We assign a technical rating of 9 out of 10 to WATT. Both in the recent history as in the last year, WATT has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- In the last month WATT has a been trading in the 5.00 - 12.24 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Looking at the yearly performance, WATT did better than 84% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- WATT is an average performer in the Electrical Equipment industry, it outperforms 67% of 91 stocks in the same industry.
- WATT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WATT is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although WATT has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
7.00
When analyzing the support we notice one important area.
- Support @7.07 from a trend line 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 | UP | POSITIVE | The long term trend for WATT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WATT is up. |
| ChartMill Relative Strength | 84.22 | POSITIVE | WATT has a high relative strength, it outperformed 84.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WATT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WATT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WATT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 82.43 | OVERBOUGHT | The high RSI value suggests WATT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests WATT has a positive trend. |
| Stochastics (14,3) | 86.23 | OVERBOUGHT | The high Stochastics value suggests WATT may be overbought. |
| Average True Range in percent/ATR (20) | 8.07 | HIGH VOLATILITY | The high ATR as a percentage value for WATT suggests high volalility. |
| Average Directional Index/ADX (14) | 52.53 | POSITIVE | The high ADX value value for WATT suggests a strong trend. |
11.38
+1.28 (+12.67%)
ENERGOUS CORP / WATT FAQ
What is the technical rating for WATT stock?
ChartMill assigns a technical rating of 9 / 10 to WATT.
Can you provide the trend direction for ENERGOUS CORP?
The current trend direction for ENERGOUS CORP (WATT) is Bullish.
Can you provide the RSI signal for ENERGOUS CORP?
ENERGOUS CORP (WATT) has an RSI value of 82.4258. This indicates that the stock is currently overbought.
Can you provide the short term momentum for ENERGOUS CORP?
The short term momentum for ENERGOUS CORP (WATT) is positive.
Can you provide the buy/sell signal for ENERGOUS CORP?
The buy/sell signal for ENERGOUS CORP (WATT) is buy as both the short term and long term trends are positive.