WATSCO INC (WSO) Stock Technical Analysis
NYSE:WSO - New York Stock Exchange, Inc. - US9426222009 - Common Stock - Currency: USD
Taking everything into account, WSO scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. WSO was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, WSO is a bad performer in the overall market: 82% of all stocks are doing better.
WSO is one of the lesser performing stocks in the Trading Companies & Distributors industry. 82% of 48 stocks in the same industry do better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
WSO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
WSO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WSO is lagging the market.
Although the technical rating is bad, WSO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 468.36, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
417.61
536.07
We found 2 important support areas.
- A support zone ranging from 451.89 to 468.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 421.83 to 425.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- Resistance @480.37 from a trend line in the daily time frame.
- Resistance @497.23 from a trend line in the daily time frame.
- Resistance @512.95 from a horizontal line in the weekly time frame.
- Resistance @530.76 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for WSO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WSO is up. |
| ChartMill Relative Strength | 18.82 | NEGATIVE | WSO has a low relative strength, it was outperformed by 81.18% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WSO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of WSO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WSO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.79 | NEUTRAL | The RSI value for WSO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 3.09 | POSITIVE | The MACD value suggests WSO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.06 | OVERBOUGHT | The high Stochastics value suggests WSO may be overbought. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for WSO suggests some volalility. |
| Average Directional Index/ADX (14) | 29.09 | POSITIVE | The high ADX value value for WSO suggests a strong 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)
472.42
+0.67 (+0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg0.14%
1 Week-0.81%
2 Weeks3.48%
1 Month11.34%
3 Month-6.76%
6 Month-4.81%
12 Month-4.44%
2 Year24.92%
3 Year72.45%
5 Year100.12%
10 Year268.39%
15 Year748%
Volatility
ATR(14)10.55
ATR(20)%2.22%
ATR Inc-31.7%
Range Today8.48
ADR(20)10.38
ADR(20)%2.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.82
Mansfield-1.02
10 Day High481.61
10 Day Low454.23
20 Day High481.61
20 Day Low418.31
52 Week High571.42
52 Week Low418.31
CS1 End468.36
CR1 Start480.37
Volume & EV
DER(3)0.45%
DER(5)0.42%
Volume241.70K
Volume Incr-26.48%
Vol(5)251.48K
Vol(50)303.19K