WATTS WATER TECHNOLOGIES-A (WTS) Stock Technical Analysis
NYSE:WTS - New York Stock Exchange, Inc. - US9427491025 - Common Stock - Currency: USD
Overall WTS gets a technical rating of 10 out of 10. Both in the recent history as in the last year, WTS has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that WTS is one of the better performing stocks in the market, outperforming 84% of all stocks.
WTS is one of the better performing stocks in the Machinery industry, it outperforms 81% of 128 stocks in the same industry.
WTS is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so WTS is performing more or less in line with the market.
WTS 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.
WTS has an excellent technical rating and also presents a decent setup pattern. 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 resistance zone just above the current price starting at 241.93. Right above this resistance zone may be a good entry point.
More info and screens
187.66
248.93
We found 4 important support areas.
- A support zone ranging from 237.28 to 237.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @207.88 from a horizontal line in the daily time frame.
- Support @203.61 from a horizontal line in the daily time frame.
- Support @189.56 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 241.93 to 246.47. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for WTS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WTS is up. |
| ChartMill Relative Strength | 84.28 | POSITIVE | WTS has a high relative strength, it outperformed 84.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WTS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WTS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WTS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.7 | NEUTRAL | The RSI value for WTS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests WTS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.75 | NEUTRAL | The Stochastics value for WTS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for WTS suggests some volalility. |
| Average Directional Index/ADX (14) | 35.52 | POSITIVE | The high ADX value value for WTS 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 246.48 | 237.27 | 9.21 (3.74%) | 25.00% |
| An entry @246.48. This is a Buy Stop order right above the resistance zone. | An exit @237.27. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 9.21 points, which is 3.74%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.93%. |
- The distance between exit and entry is rather small compared to the average daily movement of WTS. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
237.29
-1.73 (-0.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-0.72%
1 Week-2.79%
2 Weeks0.33%
1 Month14.72%
3 Month10.39%
6 Month10.28%
12 Month13.81%
2 Year49.76%
3 Year81.37%
5 Year185.34%
10 Year346.62%
15 Year632.38%
Volatility
ATR(14)6.56
ATR(20)%2.59%
ATR Inc-38.05%
Range Today2.19
ADR(20)5.34
ADR(20)%2.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.28
Mansfield1.46
10 Day High248.17
10 Day Low235.14
20 Day High248.17
20 Day Low201.21
52 Week High248.17
52 Week Low175.37
CS1 End237.28
CR1 Start241.93
Volume & EV
DER(3)-1.08%
DER(5)-1.49%
Volume154.10K
Volume Incr-24.28%
Vol(5)178.82K
Vol(50)227.74K