ESSENTIAL UTILITIES INC (WTRG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:WTRG - US29670G1022 - Common Stock
38.02 USD
-0.46 (-1.2%)
38.02 USD
0 (0%)
We assign a technical rating of 2 out of 10 to WTRG. WTRG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
In the last month WTRG has a been trading in the 36.94 - 39.22 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
WTRG has an average volume of 2128660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, WTRG outperforms 46% of them, which is more or less in line with the market.
WTRG is an average performer in the Water Utilities industry, it outperforms 53% of 14 stocks in the same industry.
WTRG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WTRG is lagging the market.
Although the technical rating is bad, WTRG does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 37.62, a Stop Loss order could be placed below this zone.
More info and screens
34.02
42.36
2 important support areas can be observed.
- A support zone ranging from 36.78 to 37.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @34.36 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 38.08 to 38.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @39.68 from a horizontal line in the daily time frame.
- A resistance zone ranging from 41.19 to 41.94. 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 WTRG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WTRG is neutral. |
| ChartMill Relative Strength | 46.7 | NEUTRAL | WTRG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of WTRG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WTRG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WTRG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.47 | NEUTRAL | The RSI value for WTRG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests WTRG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 38.72 | NEUTRAL | The Stochastics value for WTRG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.85 | LOW VOLATILITY | The low ATR as a percentage value for WTRG suggests low volalility. |
| Average Directional Index/ADX (14) | 10.27 | NEGATIVE | The low ADX value for WTRG suggests a weak or negative 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)
38.02
-0.46 (-1.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryWater Utilities
Performance
% Chg-1.2%
1 Week-1.12%
2 Weeks-1.43%
1 Month1.49%
3 Month-6.61%
6 Month1.85%
12 Month11.56%
2 Year6.02%
3 Year-18.64%
5 Year-17.88%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.67
ATR(20)%1.85%
ATR Inc31.63%
Range Today0.86
ADR(20)0.67
ADR(20)%1.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.7
3 months CRS24.02
6 months CRS45.68
Mansfield-1.13
10 Day High38.99
10 Day Low37.39
20 Day High39.22
20 Day Low36.94
52 Week High42.37
52 Week Low33.18
CS1 End37.62
CR1 Start38.08
Volume & EV
DER(3)-0.16%
DER(5)-0.08%
Volume1.27M
Volume Incr-19.4%
Vol(5)1.57M
Vol(50)2.13M
ESSENTIAL UTILITIES INC / WTRG FAQ
Can you provide the ChartMill technical rating for ESSENTIAL UTILITIES INC?
ChartMill assigns a technical rating of 2 / 10 to WTRG.
Can you provide the trend direction for ESSENTIAL UTILITIES INC?
The current trend direction for ESSENTIAL UTILITIES INC (WTRG) is Bearish.
Can you provide the RSI signal for ESSENTIAL UTILITIES INC?
ESSENTIAL UTILITIES INC (WTRG) has an RSI value of 45.4734. This indicates that the stock is currently neutral.
What is the short term momentum for WTRG stock?
The short term momentum for ESSENTIAL UTILITIES INC (WTRG) is neutral.