ESSENTIAL UTILITIES INC (WTRG) Stock Technical Analysis
USA - NYSE:WTRG - US29670G1022 - Common Stock
Taking everything into account, WTRG scores 3 out of 10 in our technical rating. In the last year, WTRG was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
WTRG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
34.02
We found 3 important support areas.
- A support zone ranging from 37.62 to 37.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 36.72 to 36.78. 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.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 39.30 to 39.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 41.26 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 | NEUTRAL | NEUTRAL | The long term trend for WTRG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WTRG is neutral. |
| ChartMill Relative Strength | 48.81 | NEUTRAL | WTRG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WTRG is below a declining 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) | UP | POSITIVE | The current price of WTRG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.39 | NEUTRAL | The RSI value for WTRG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests WTRG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.88 | NEUTRAL | The Stochastics value for WTRG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for WTRG suggests some volalility. |
| Average Directional Index/ADX (14) | 21.33 | NEUTRAL | The ADX value for WTRG suggests a possible start of a new trend. |
39.26
-0.39 (-0.98%)
ESSENTIAL UTILITIES INC / WTRG FAQ
Can you provide the ChartMill technical rating for ESSENTIAL UTILITIES INC?
ChartMill assigns a technical rating of 3 / 10 to WTRG.
What is the current trend direction of ESSENTIAL UTILITIES INC (WTRG) stock?
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 49.3881. This indicates that the stock is currently neutral.
What is the short term momentum for ESSENTIAL UTILITIES INC (WTRG) stock?
The short term momentum for ESSENTIAL UTILITIES INC (WTRG) is neutral.
Can you provide the support and resistance levels for ESSENTIAL UTILITIES INC?
ESSENTIAL UTILITIES INC (WTRG) has a support level at 39.45 and a resistance level at 41.26. Check the full technical report for our detailed analysis of WTRG support and resistance levels.